Confidential by defaultEstablished 201072 Jurisdictions

Can a company registered in Barbados as a licensed MSB operate (send/receive money) from/in Florida?

The question in full

The question 'Can a company registered in Barbados as a licensed MSB operate (send/receive money) from/in Florida?' is answered by a strict 'No' without dual-authorization. While your Barbados license is prestigious, it does not 'passport' into Florida. To legally facilitate money transfers for Florida residents or businesses, you must register with FinCEN as a 'Foreign Located MSB' and secure a Florida Part II License under Chapter 560.

Answer

No, the US government does NOT recognize a license outside of the United States to be consumed/used within the United States in lieu of a money transmitter license.

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Faisal KhanAnswered 07/Aug/2026
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Page Last Updated: 07/Aug/2026 (4936997)