Transcription: Hello my name is Faisal Khan. I’m a banking and payments consultant and I will answer the question today of why FinCEN registration is important and does a FinCEN registration constitute a money transmitter license. So let’s address the second part which is the most important one a FINCEN registration is not a grant […]
List of videos What is the difference between an SPI vs API License (UK) 3 Axioms to be an Agent of a Money Services Business (US) What is a Financial Intermediary? Is Your Compliance Program Really The Best? MSB Friendly Banks – How To Find one? What Central Banks Look For In Remittances? Can I Rent […]
Episode 3 – Can a US bank sponsor my company to provide money transmitter license? Can a State or a Nationwide Bank in the US sponsor my money transmitter licenses? Can they be the program manager and sponsor my startup under their license?
Episode 2 – Why do you need a money transmitter license if you are outside the US? Most businesses don’t understand why they need to be licensed in the United States when they are not physically present in the US, especially for financial related products & services. Well, the answer lies with a FinCEN advisory.
Episode 1 – What constitutes as a money transmitter? The episode for today discusses what a money transmitter is (in non-legal terms). What constitutes as a money transmitter in my opinion?
Let Us Help You Get Started On Your Money Transfer License Quest! The Bad News First… If you’re building a product/service that classifies you as a money transmitter, chances are you will be disappointed if not downright depressed when you find out the costs, effort and time associated in filing for and obtaining your own money transfer licenses. […]
RAAS – Remittance as a Service Have you been thinking about how to get started as a money transfer operator? Most entrepreneurs are thinking how they can legally launch a money transfer service from USA to a country (or countries) of their choosing? Well, think so more, we are pleased to introduce Remittance-as-a-Service (or Raas). Some […]
List of Money Transmitter Licenses Here is an updated list of entities holding valid money transmitter licenses for New York, Texas and California. List of Money Transmitter Licenses issued in State of NY Updated 26th March 2016 List of Money Services Businesses in State of Texas – List last updated 26th March 2016 California Department […]
