If you are going to be moving money, accepting deposits, or lending out money as an intermediary, no matter where in the world you are, chances are you need to be licensed. In the olden days, the custodians of all things banking and payments were always chartered banks. Today, things are changing. With the rapidly …
U.S. Virgin Islands Money Transmitter License Guide A money transmitter license is mandatory by law before you can start operating in the Virgins Islands. If you fall under the definition of a money transmitter as stated in the Virgin Islands code, then it is illegal for you to conduct business without a license unless you are …
Most aspiring fintech / startup companies that embed payments into their solutions are always struggling to find regulatory cover as provided by money transmitter licenses. Most don’t know that bank-led sponsorships are also available and they provide a host of services whilst at the same time protecting these startups under their regulatory umbrella. Learn how …
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. …
Starting a X-Border Service? Need a Money Transfer License? Read More »
