Yes, you do. If you're licensed outside US and pick up customers within the United States without a money transfer license, you're violating a US law. Yes, that's right. The US government makes no distinction between money transfer operating within the country and money transfer companies licensed outside the US, but picking up US customers. … Continue reading Do you Need a US Money Transfer License if You’re Licensed Elsewhere?
You would be surprised how many people would think that if you go to FinCEN's website and register, you are now licensed and have what you believe to be money transmitter licenses for your money services business. Not true. A FinCEN registration is NOT a license. In fact, there is no federally issued money transmitter … Continue reading Is FinCEN Registration a Money Transmitter License?