A very simple question, what is the difference between and official remittance and an unofficial one? Watch this short video to find out. Also watch: What is Hawala (or Hundi)? What is Hawala? (Part Two) Transcription: Hello. My name is Faisal Khan. I am a banking and a payment consultant. A question I got is …
This is part two of an earlier video that provided an introduction to the Hawala (or Hundi) system of money transfers and remittances. You can watch the previous video first to get a basic understanding of this system. Transcription: Hello. My name is Faisal Khan. I’m a banking and a payment consultant. A question I …
It is only a matter of time, before the importance and utility of cryptocurrencies comes knocking on your door. Don’t be unprepared. Be better informed. Watch this short video to understand why you need to ‘understand’ the crypto/cryptocurrency space. Transcript: Hello. My Name is Faisal Khan. I am a banking and a payment consultant. I …
Why understanding cryptocurrencies is important? Read More »
What is an aggregator? What does it mean to use aggregation? How do they play a role in the world of money transfer? Watch this short video to get an understanding of what aggregation is. Transcript: My name is Faisal Khan. I am a banking and a payment consultant. One Of the things I keep …
What is Aggregation and How does it Work in the World of Money Transfer? Read More »
This is the second part of the earlier video I made called: Is there Money To Be Made in the Money Transfer Business. In this video I talk about: Understanding Value Added Payments. Transcript: Hello my name is Faisal Khan. I am a banking and a payment consultant. This is as I guess a second …
Is there Money To Be Made in the Money Transfer Business (Part II)? Read More »
FinCEN registration is not a license! Okay, so then what is it? Watch this short video to learn. Transcript: Hello my name is Faisal Khan. I am a banking and a payment consultant. I have received many phone calls over the day I get emails etc and people trying to understand how to maneuver this …
Many folks seem okay with dishing out money to law-firms and consultants to have them ‘register’ on FinCEN (Financial Crimes Enforcement Network) Website, in the understanding that they are getting a license. That is now the case. Watch the short video to learn more. You may also want to watch these related videos: FinCEN Registration …
Many people wrongly assume that only having one money transmitter license in the United States is good enough. It is not. If you intend you have customers signed up from all over the United States, then you needed licenses, in all the States. However, there is a caveat to this where you may require only …
How many Money Transmitter Licenses do I require if I have to do business in the US? Read More »
