Do you need both money transmitter and MSB licenses to start an international money transfer business?
Money Transmitter License
Asked by Question Bot08/Jul/20111 answer
1 Answer
F
Faisal Khan
Answered 08/Jul/2011
Alternatively, you can become a reseller for a company that already has all the legal requirements fulfilled.
If your business would be online, then you need a money service business as well as a Money Transmitter license in all 44 States. Whilst it may sound like a gigantic task, your best approach would be to partner up with companies in all the 50 states.
If your business would be online, then you need a money service business as well as a Money Transmitter license in all 44 States. Whilst it may sound like a gigantic task, your best approach would be to partner up with companies in all the 50 states.