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  "path": "/article/786334/compliance-obligation-sits-with-the-operator-not-the-recipient/",
  "publishedAt": "2026-05-22T00:45:02.000Z",
  "site": "https://washingtoncitypaper.com",
  "tags": [
    "Guest Contributors",
    "BazoomSpon",
    "Exclude"
  ],
  "textContent": "Cross-border currency exchange in Southeast Asia relies heavily on pooled-account settlement. When a business in Cambodia or Myanmar converts dollars into Thai baht, the funds typically pass through a regulated operator that maintains a pooled clearing account, a single account through which dozens of unrelated transfers settle each day. Industry estimates suggest that 40 to […]",
  "title": "The Compliance Obligation Sits With the Operator, Not the Recipient"
}