Regulations
- US State Money Transmitter Licenses + Federal MSB Registration
US State Money Transmitter Licenses + Federal MSB Registration — addresses licensing requirements for entities transmitting money across US state lines and federal registration obligations.
Controls
- US state money-transmitter licensing tracker
US state money-transmitter licensing tracker — operational control for monitoring and maintaining compliance with state-by-state MTL requirements.
- Know Your Customer (KYC) program
Know Your Customer (KYC) program — foundational control often required alongside money-transmitter licensing for customer identity verification.
- Anti-money-laundering (AML) program
Anti-money-laundering (AML) program — compliance framework typically paired with MTL obligations to detect and report suspicious transaction activity.
- Transaction monitoring program
Transaction monitoring program — operational control to identify and escalate transactions that may indicate money laundering or other illicit activity.
- OFAC restricted-party screening (broader than SDN)
OFAC restricted-party screening — control mechanism to prevent transmitting funds to sanctioned persons or entities.
- OFAC SDN list screening
OFAC SDN list screening — targeted sanctions screening control for money-transmitter compliance.
- Customer funds safeguarding
Customer funds safeguarding — control addressing protection of customer deposits and transmitted funds under MTL regimes.
This is based on Magist's regulatory data, not legal advice. Verify with counsel for your specific situation.