FAQ: Risk & Compliance

All 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?
As a sponsored party which parties do we share our customers’ KYC information with, if any?
Because 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?
Can we use our own KYC vendor to build our app using BaaS or RaaS?
Do we need to have a compliance officer?
Do we need to hire a full-time compliance officer?
Does Faisal Khan LLC create custom AML policies?
Does 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.
FAQ FinCEN’s Geographic Targeting Order (GTO) for MSBs – Southwest Border ZIP Codes
From 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?
If we opt for API only, will KYC/AML service continue to be provided by the PLH? Please confirm.
Is 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.
Is there a global standard for a compliance manual?
Should we hire a compliance officer?
What is Feipiao and how does it work?
What is Feipiao?
What is Hawala Money?
What is Hawala and How Does it Work?
What is Know Your Transaction (KYT)?
What is the difference between Hawala and Hundi?
What is the difference between flying cash and paper money?
What type of financial institution will you introduce us to?
What would be considered a nested transaction for cross border money transfer?
What would be some red flags for a KYB audit?
When Should We Hire a Compliance Officer
Who is responsible for anti-money laundering?
Why is a nested transaction in the banking world a high risk transaction?