California Department of Business Oversight (DBO) is the licensing authority/regulatory body when it comes to obtaining California Money Transmitter License. Nationwide Multistate Licensing System and Registry (NMLS) handles the process of applying for this license. Even though it’s not easy to obtain a California Money Transmitter License, it’s not impossible. What are the requirements to […]

Texas is known as a popular business destination in the US. Under Texas statute, an entity may not conduct money transmission for people located in Texas or receive money or monetary value for transmission by any means, without obtaining a Money Transmitter License. A money services business that conducts money transmission activities as defined by […]

The licensing process for a Money Transmitter (MT) is regulated both at the Federal and state levels of the United States of America (USA). Licenses have to be acquired from the local governments at the state level followed by the FinCEN at the federal level. While the state level for the licensing process evaluates the […]