Apple Inc. didn't have to set up an anti-money laundering program for its new Apple Pay service set to launch Monday, experts said, in contrast with competitors such as PayPal or Google.

The service, which Apple first announced in September, doesn't collect transaction information that can be tied to a user, and isn't itself involved in a transaction at all--money moves directly between a user, the merchant and the user's bank, Apple said Thursday. It declined to comment beyond the statement.

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