A non-profit is legal considered to be a type of business that simply gets a different tax treatment. A business is considered to be a type of entity (just lik

A non-profit is legal considered to be a type of business that simply gets a different tax treatment. A business is considered to be a type of entity (just like a person) that gets different tax treatment. Anyone who transfers money, by any manner including, but not limited to, electronic, financial, debt ledger, cash or traditional methods like hawala, hundi, fei ch'ien, and chit is considered to be a "Money Transmitter." Money Transmission classification and registration varies by state, to receive money from, or transfer money to someone in said state (regardless of your jurisdiction) you must register with the state and usually put up an insurance bond. Then you must also register with FinCEN and enact an appropriate AML policy that would include KYC.