4 ms·
They don't need an MTL because they're not transmitting money to another party or holding the money, they're just transmitting the money back to the original pa
by pfarnsworth 9y ago
They don't need an MTL because they're not transmitting money to another party or holding the money, they're just transmitting the money back to the original party.
However, it does seem like they are running afoul of other parts of regulations, like KYC and money laundering.
- joshstrange 9y agoAhh, thank you for clearing that up. I was recently looking into starting a business that required an MTL and knew WE needed one but wasn’t completely sure about what qualified for other companies.