Yes. If you do not have a correspondent tie-up with the business in Venezuela on your Florida license (as a Money Transmitter License Holder), you cannot unilaterally send such money across. You need to have a correspondent tie-up agreement in place before this can happen. If you do not know what a correspondent tie-up agreement is, two explainer videos are mentioned below.
-  What is a Correspondent Tie Up Agreement?
-  What is a Correspondent Tie up? & Why is it necessary?
This page was last updated on February 16, 2023.