money service business

10 Questions every Money Transfer Business should ask themselves

10 Questions every Money Transfer Business should ask themselves?

I did a presentation on this long ago (The original presentation can be downloaded from here: Uberization of Money Transfer: 12 Questions every small and medium, independent money transfer operator should ask themselves). For months I’ve been thinking of doing an updated version of the presentation into an article, so here it is. It is …

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FinCEN MSB Definition for Transactions Under $1000 Per Person Per Day

If you do transactions less than $1000 per day per person, as per FinCEN’s definition, you are NOT an MSB. Is that really the case? If you are below this threshold per person per day, are you NOT a Money Services Business? Really? The FinCEN MSB Definition is provided at: https://www.fincen.gov/money-services-business-definition. Transcript: Hello. My name …

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Bitcoin Targeted By Latest FinCEN Ruling? – Implications Are Profound | Libertarian News

Its a great step by a large bank (they sure beat RBS to it). However, there is nothing evolutionary or radical about this payment system (no, not that you have cited it or the article). Venmo, Dwolla, et. al. are equally more robust and flexible payment systems IMHO.  However, from a trust factor and traction …

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