Do we need a correspondent tie-up agreement, if there is a licensed financial entity involved, like an exchange, or another Money Services Business?

Money Transmitter License
Asked by Question Bot21/Oct/20251 answer

1 Answer

F

Faisal Khan

Answered 21/Oct/2025

In the event you are receiving money (as an intermediary) from Exchanges or other non-banking financial institutions, you would need to have some sort of a correspondent tie-up agreement, else, you would be aggregating or better known as, nested transactions. Accounts on crypto exchanges would have to be in your name also.