Section 3Part 0 —
Extent of the Act
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This Act does not apply to —
a person who the Authority determines is not providing a service under paragraph (a) of the definition of “money services business”; or
any of the following persons —
a person licensed under the Banks and Trust Companies Act (2020 Revision) to carry on money services business in conjunction with other business;
a building society licensed under the Building Societies Act (2020 Revision); or
a cooperative society registered under the Cooperative Societies Act (2020 Revision) and carrying on money services business,
unless the licensed person, building society or cooperative society is operating as an agent or franchise holder of a money services business.
No money services business which is licensed under this Act is required to be licensed under the Trade and Business Licensing Act (2019 Revision).