Since our company is about to obtain a Labuan Money Brokering license, may I know whether it is sufficient to use this license to apply to be a Registered Agent (RA) under an EMI holder?
Money Transmitter License
Asked by Question Bot14/Feb/20231 answer
1 Answer
F
Faisal Khan
Answered 14/Feb/2023
Under an RA model, your license outside doesn’t count per se. You would need an EU-registered entity to be able to get a Registered Agent (RA) approval from an EMI. The registered entity (simply a company) can be anywhere in the EEA (European Economic Area).