Payment Source recently published an excellent article on FinCEN’s ruling on Virtual Money companies and how they are not only now required to be registered as an MSB (with FinCEN) but also as a Money Transmitter. What could this possibly…
Payment Source recently published an excellent article on FinCEN’s ruling on Virtual Money companies and how they are not only now required to be registered as an MSB (with FinCEN) but also as a Money Transmitter. What could this possibly…
James Freis, chief of FinCen for over 5 years, is being dismissed by the Treasury Department with no reason being given for the sudden decision. Read More
A very important read on how FinCEN (Financial Crimes Enforcement Network) has now classified what an MSN (money service businesses) are, and also, even if there are physically outside the US and have no presence in the US, FinCEN will go after them.…
