In the context of wire transfers, who are Regulated Entities (RE)?

(a) Financial institutions that receive wire transfers

(b) Financial institutions that initiate wire transfers on behalf of the originator

(c) the person who initiates the wire transfer

(d) the person who receives the wire transfer

S5. Ans.(b)

Sol. Ordering regulated entities (REs) are financial institutions that initiate wire transfers on behalf of the originator.