Do money-transmission laws apply to gift-giving businesses that distribute cash gifts?

Asked Sep 8, 2013· 1 answer ·Americas, Developed Markets, North America, United States

Faisal KhanAnswered Sep 8, 2013

In my opinion, for the US, yes, this would come under the umbrella of Store-Value cards, with a redeemable Cash element, so this is something that is regulated by MSB.

An easier way is to write to the DFI in your State as ask them the same.

Money Transmitter Licenses (MTL)Money Services Business (MSB)Money Services Business License MSB Registration (US) Americas Developed Markets North America United States

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