Faisal Khan
Answers by

Faisal Khan

Cross-border payments, banking access, licensing. Thirty-one years inside regulated money movement.

Founder, Faisal Khan LLC·Istanbul, working globally
3,061Questions answered
31+Years in payments
400+Companies served
72+Countries
About

Every answer on askmint is mine. I have spent more than thirty-one years in financial services, almost all of it on one problem: how money legally crosses a border, and what a regulator needs to see before it will.

My career began in technology, not banking. I moved into banking and payments, and then into cross-border payments. That is where I saw how badly companies get caught by the rules across many countries. Not because the rules are impossible, but because the wrong structure was chosen before anyone understood the flow of funds.

Since starting the consultancy in 2010, I have worked with more than four hundred companies across seventy-two countries, from early-stage startups to established financial institutions. The work is helping them obtain licences, secure banking relationships, and build compliance frameworks that hold up under examination.

Today it is mostly licensing strategy, MSB banking access and cross-border payment structures, alongside writing, speaking and the educational sites that sit around the practice. This site is one of them.

Every call I take, I take myself. Twelve thousand of them so far.

Where I work

Licensing and compliance

Money transmitter licences, payment institution registration and compliance programmes across many countries. More than fifty licence applications done.

Banking relationships

Getting and keeping bank accounts for high-risk and regulated businesses. The part most operators underestimate.

Cross-border payments

Payment corridors, settlement design, FX risk and the licensing that sits underneath international money movement.

What I am not
  • A bank, money transmitter or money services business
  • A law firm. Nothing here is legal advice
  • In the flow of funds. I never hold client money

Answers

3,061 answers · newest first
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Apr 3, 2013 Lending, Credit Scores and BNPL What IT control requirements are commonly imposed by Asian financial regulators? Apr 3, 2013 Regulators, Enforcement and Regulatory Change Why did Nokia Money shut down in India? Apr 3, 2013 Business Strategy, Case Studies and Lessons Learned What would it cost to build an internal payment processing and escrow system? Apr 3, 2013 Merchant Accounts, Processors and Gateways Do any online credit-card gateways pass transaction fees directly to the customer instead of the merchant? Mar 11, 2013 Merchant Accounts, Processors and Gateways Which courses are most effective for learning how to earn money online? Mar 11, 2013 Freelancers, Side Hustles and Getting Paid Online Why does Visa not maintain an official presence on Twitter? Mar 11, 2013 Payments (General) American Express: How widespread is traveler’s check fraud? Mar 11, 2013 Fraud and Scams What is an efficient method for sending or receiving over $100,000 online in a single transfer? Mar 11, 2013 Domestic Payment Rails, National Switches and Clearing Systems Money Transfers: Does RIA Financial have different pricing for small shops versus large partners, and how is their fee structure organized? Mar 11, 2013 Money Transfer Business and MTOs What are the biggest international ATM networks, and what are the financial implications of joining them? Mar 11, 2013 Payment Operations, Pricing and Fees Besides capital, what requirements must be met to acquire a regional bank? Mar 11, 2013 Central Banks and Bank Supervision Do any U.S. banks or credit unions allow customers to hold accounts in foreign currencies? Mar 10, 2013 Opening Bank Accounts, Personal and Business What’s the difference between a wire transfer and a telegraphic transfer? Mar 10, 2013 International Wire Transfers and Large Transfers Can Stripe settle payouts to international bank accounts? 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