A Chief Compliance Officer (CCO) is a senior-level executive who is responsible for ensuring that an organization complies with all applicable laws, regulations, and industry standards. The CCO’s job function is to develop and implement compliance programs, establish policies and…
A sponsoring license holder, also known as a sponsoring entity, is a financial institution or other organization that holds a license or approval from a regulatory agency to provide certain financial products or services. The sponsoring license holder is responsible…
Alaska Money Transmitter License Overview Alaska Money Transmitter License Regulator Money transmission services in Alaska are governed by the Alaska Division of Banking & Securities. Money services businesses dealing with fiat or crypto must get licensed by the Alaska Division…
Alabama Money Transmitter License Overview Who regulates money transmitter licenses in Alabama? According to the Alabama Monetary Transmission Act, money transmitters operating in Alabama are required to obtain a money transmitter license with the Alabama Securities Commission. Who needs a…
The process of obtaining a UK API License may seem cumbersome at first, but with our support, you have little to worry about. We can help you with the following tasks: These are the services we offer in a nutshell,…
To apply for an EMI License in the UK, you are required to submit the following with your application:
A Small Payment Institution in the UK is issued by the FCA which currently regulates about 59,000 firms. A SPI license in the UK enables you to offer a lot including depositing and withdrawing money from a payment account, execution…
Compliance in the banking, payments, cryptocurrency, and finance world refers to the adherence to laws, regulations, policies, and standards that are put in place to prevent fraud, money laundering, and other financial crimes. Compliance is designed to ensure that financial…
A money transfer agent is a person or business that is authorized by a money transfer operator (MTO) to facilitate the transfer of money on behalf of the MTO. Money transfer agents may be independent contractors or employees of the…
People often ask, why they should not start by owning their own money transmitter licenses. The answer is not so simple. It depends on so many factors. Are you a startup? Do you have adequate funding and resources? Obtaining your…