There is still a lot of confusion about what a money transmitter license is and how you can get one for your business. In the US, the financial regulation is such that every state governs its own licensing policy. There are 50 states, one federal capital, and three US territories: Guam, US Virgin Islands, and …
What sort of E-Money License is available in the United States?
This is the quintessential question. tl;dr: Yes, they will go out of business because of obsolescence. Will the small and somewhat medium money transfer businesses go out of business. When Novi (from Facebook), larger players like MoneyGram and VISA entering the market, crypto based remittances becoming a reality and the inevitable issuance of digital fiat …
Will Small Money Transfer Operators Go Out Of Business? Read More »
Money Transfer Operators as a worldwide collective network of cash payout points? Possible in this day and age of digital apps?
Startups and would-be entrepreneurs mistakenly think that if they get a license in one state in the United States, they can do business everywhere within the US. They also mistakenly think that if they are incorporated in Montana and get a license there, they are also good to go with regards to money transmitter license …
Single State License In the United States – What Can You Do With It? Read More »
Short video that explains what it means to leverage a license.
Short video explaining what UBO – Ultimate Beneficial Owner is during DD (Due Diligence) or EDD (Enhanced Due Diligence)
