Frequently Asked Questions
What exactly is an MSB, and do I need one for my FinTech?
An MSB (Money Service Business) is a legal classification for companies that perform services like money transmission, currency exchange, or check cashing. If your FinTech involves the movement or conversion of funds for your users, you are highly likely to require an MSB license (or equivalent registration) to operate legally. We assess your specific business model to confirm the exact licensing requirements.
How much time will you save me compared to setting up the MSB ourselves?
Significant time is saved through our expertise. Self-filing can take many months, often delayed by regulatory pushback due to incomplete or incorrect applications. Our established processes, deep regulatory knowledge, and pre-vetted acquisition targets allow us to accelerate market entry, often reducing your setup or acquisition timeline by 40% or more.
What jurisdictions do you cover for MSB setup and acquisition?
We specialize in jurisdictions most favorable and strategic for FinTech growth, including key markets in North America, Europe (EMI/PI), and specific offshore jurisdictions offering robust regulatory frameworks. We align the jurisdiction with your business model and target user base to ensure maximum utility and compliance.
Is acquiring an existing MSB faster than setting one up from scratch?
Generally, yes. Acquiring a pre-licensed and operational MSB entity is typically the fastest route to market. It bypasses the lengthy initial application and waiting periods. Our service identifies compliant, clean acquisition targets, ensuring a smooth transition without inheriting unforeseen regulatory liabilities.
What kind of ongoing compliance support do you offer after the MSB is live?
Our support doesn’t end at launch. We ensure your entity has the required AML/CTF programs, compliance officers (MLRO/MLCO), and internal controls in place. We can also connect you with our network of proven partners for essential post-licensing services like transaction monitoring, regulatory reporting, and ongoing compliance audits.
What is the first step in working with your firm?
The first step is a confidential, no-obligation consultation where we discuss your FinTech’s aspiration, target market, and existing operational structure. This allows us to accurately identify your specific MSB needs (setup vs. acquisition) and present a clear, custom strategy and timeline for achieving your goal.
