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Breaking Down the Money Transmitter Licensing Process

Breaking Down the Money Transmitter Licensing Process

Posted on: April 14th, 2025

Obtaining a money transmitter license (MTL) in the United States is a multifaceted process that requires adherence to federal and state regulations. These licenses are essential for businesses that transfer funds or facilitate financial transactions on behalf of others, including electronic money transmission, currency exchange, and handling digital assets such as cryptocurrencies.  The licensing process […]

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The $200 CTR Order

FinCEN Order Requires CTRs for Transactions Over $200

Posted on: April 8th, 2025

The Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) requiring money services businesses (MSBs) along the southwest border of the United States to file Currency Transaction Reports (CTRs) for cash transactions exceeding $200 but not more than $10,000.  Effective April 14, 2025, through September 9, 2025, this order aims to enhance […]

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2025 Compliance Checklist

The Annual Regulatory Compliance Checklist – 2025

Posted on: February 4th, 2025

Ensuring your business remains compliant is essential for maintaining strong banking relationships. As regulations evolve, updating your BSA/AML/OFAC Compliance Program is more important than ever. To help you stay on top of these changes, we’ve refreshed our comprehensive compliance checklist for 2025. Our expert team of Certified Anti-Money Laundering Specialists (CAMS) has collaborated with bank […]

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