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?
Money transmitter licenses are necessary for businesses that are providing financial services in the United States. According to FinCEN guidelines, you may be classified as a money services business, or MSB, if you are: " (1) Currency dealer or exchanger. (2) Check casher. (3) Issuer of traveler's checks, money orders or stored value. (4) Seller or redeemer of … Continue reading Money Transmitter Licenses for a Startup