Seeking an attorney who can assist our client (a Sri Lankan bank) with registering as a money transmitter in New York and eventually other states. Any recommendations?

Asked May 4, 2013· 1 answer ·Americas, New York, North America, Sri Lanka, United States
Faisal KhanAnswered May 4, 2013

Two names I can suggest (please do your own due diligence):

  • Perkins Coie (http://www.perkinscoie.com/)
  • Morrison Foerster - specifically Barbara Mendelson - http://www.mofo.com/barbara-mend...

You can also look up Adam Atlas - albeit he is based out of Canada, but don't discount that (See http://www.adamatlas.com/)

Money Transmitter Licenses (MTL)MSB Registration (US)Money Services Business LicenseMoney Services Business (MSB) AmericasNew YorkNorth AmericaSri LankaUnited States
Related in US Money Transmitter Licensing and MSB Registration
If you're a billing aggregator and you're simply providing billing information but not handling the payments, are you considered a money services business?1 ansIs wiring money illegal under any circumstances?1 ansIf a money services business is exempt from state money transmitter licensing, is FinCEN registration alone sufficient, or do they still need state licenses?1 ansAre payroll service providers considered money transmitters/MSBs—and if not, why not?1 ans