Money service business, remittance and currency exchange licences

Registrations and licences for money service businesses, money transmitters, remittance providers and currency exchange — United States, Canada, United Kingdom, UAE, Australia, Hong Kong and Switzerland.

Licences: 16
Where: 8 places
Our fees: on quote

Licences we prepare Ask for a firm quote

What we do, and what belongs to the authority

Moving money for others is regulated almost everywhere: a federal registration and state licences in the United States, FINTRAC in Canada, HMRC and the FCA in the United Kingdom, the central bank in the UAE, AUSTRAC in Australia. Each regime has its own capital, bonding and renewal rules.

We prepare the registration or licence file — AML programme, compliance officer, policies, ownership and source of funds — file it and follow it with the authority. Renewal dates are tracked and shown for each licence.

Good to know before you start

In the United States, a federal registration does not replace state licences.
Several regimes expire and must be renewed on a fixed cycle.
The authority alone decides, and sets the pace of its review.

Licences we prepare

Fees for preparing and filing, excluding VAT. The authority's own fees and the capital are not fees.

How it works

Scoping call
We check the activity, the market and the people, and name the licence that fits.
Firm quote
A written quote with the fees and what they cover, before anything is signed.
Identity check
Owners, directors and key people are verified before any work on the file.
Application file
Programme of operations, financial plan, policies and governance, written with you.
Filing and questions
We file the application and answer the authority's questions round after round.
Decision
The authority decides. We stay on the file until the decision and the first obligations after it.

Documents we will ask you for

Company, owners/UBOs, directors, compliance officer and agents

Required in every case

Power of representation, notarised remotely. It gives us standing to act on your behalf before registries, banks and the relevant authorities, within the limits it sets out. The notarisation session is held by video; a valid identity document is required.
Certificate of incorporation or recent registry extract
Up-to-date articles, memorandum/articles or constitutive deed
Register of directors and register of shareholders
Ownership chart up to the natural-person beneficial owners
KYC, tax numbers, CVs and criminal records of the owners, directors and compliance officer
Description of services, currencies, corridors, volumes, customers and channels
List of establishments/branches and agent contracts
Business plan and evidence of financial capacity, capital, bond or guarantee
AML/CFT programme, risk assessment and reporting/recordkeeping procedures
Bank contracts, flow diagram and technology providers

Depending on the case

Fingerprints and NMLS forms for US state licences
Foreign criminal records for FINTRAC/FMSB
Lease, cash security, insurance and cash-in-transit procedures
Fit & proper of the BOOMs in United Kingdom
Partner and sub-agent documents

The exact list follows what you order; it is confirmed in your client space after payment.

Questions

Who operates Remit Licensing?

Remit Licensing is a service of AquaSands Trading AG, a Swiss stock corporation (Aktiengesellschaft, AG), c/o Kaurum GmbH, Hasenbüelweg 32, 6300 Zug, Switzerland. Orders, invoices and contracts are with AquaSands Trading AG.

Do you guarantee the licence?

No. The licence is granted by the authority after its own review. Our commitment is the quality of the file, its filing and its follow-up until the decision.

How are your fees set?

Every licence on this site is quoted after review, because the authority's own fees depend on the activity. The firm quote follows the scoping call.

How long does it take?

Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.

Where can these licences be obtained?

United Kingdom, United States, Canada, United Arab Emirates, Switzerland, Australia, Hong Kong, In the jurisdiction you choose.