Tag money transfer operator

EU: License Application Prescreening

As an initial note, we wish to highlight that we receive numerous inquiries from entities keen on obtaining a license within the European Union. Unfortunately, there’s a prevalent misconception that the licensing process simply involves paying an application fee or…

Money Transfer Operator (MTO)

Faisal Khan LLC - Money Transfer Operator (MTO)

A money transfer operator (MTO) is a type of money services business (MSB) that specializes in facilitating the transfer of money from one location to another. MTOs are typically licensed and regulated by a government agency to provide financial services…

Money Transfer Agent

Faisal Khan LLC - Money Transfer Agent

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…