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Every entry here started as a real question from a real operator. Short answers, plainly put — and where the answer is “it depends”, we say what it depends on.

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383 Questions
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Q-2180395Do we need to hire a full-time compliance officer?Risk ComplianceQ-5560137All we need is our CEO, a compliance officer, and an office located in the EU (possible). Am I correct? Are the compliance officer + the office required to be based in the license holder’s country?Risk ComplianceQ-2318666As a sponsored party which parties do we share our customers’ KYC information with, if any?Risk ComplianceQ-2639252Because it is the fastest way in terms of cost/benefit/time, you make contact with a Bank or an MSB company, which allows us to operate a digital remittance platform? And, do you also provide the legal compliance service?Risk ComplianceQ-6798414Can we use our own KYC vendor to build our app using BaaS or RaaS?Risk ComplianceQ-8559126Do we need to have a compliance officer?Risk ComplianceQ-2343192Does Faisal Khan LLC create custom AML policies?Risk ComplianceQ-8637607Does Faisal Khan offer compliance management? I’m not sure how this works in America, but in the United Kingdom, sometimes the license consulting company is also the Chief Compliance Officer.Risk ComplianceQ-8930696FAQ FinCEN’s Geographic Targeting Order (GTO) for MSBs – Southwest Border ZIP CodesRisk ComplianceQ-3736207From what we understand and know, there should be a person/company in the US who provides services on legal compliance issues. Do you include this service with the indicated monthly price?Risk ComplianceQ-6756040If we opt for API only, will KYC/AML service continue to be provided by the PLH? Please confirm.Risk ComplianceQ-8484092Is it required to register our company with FinCen? Despite not touching the funds, we have no intention of opening an account in the US, our tax address is in Ecuador.Risk Compliance
383 questions across 16 categories