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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Jun 4, 2012 Banking and Payments Technology Stack Why are the first four digits of credit card numbers typically printed twice? Jun 4, 2012 Credit, Debit and Prepaid Cards Why are the first four digits of credit card numbers often printed twice? Jun 4, 2012 Credit, Debit and Prepaid Cards FinCEN: Where in the MSB definition is the exemption for infrequent activity located? Jun 1, 2012 US Money Transmitter Licensing and MSB Registration Money Transfers: Is Dwolla usable for cross-border transactions? Jun 1, 2012 Sending and Receiving Money Abroad We formed a startup in Delaware; as foreigners living outside the U.S., how can we open a bank account? Jun 1, 2012 Opening Bank Accounts, Personal and Business What is the most crucial thing startup founders should do before beginning execution of their idea? Jun 1, 2012 Starting and Running a Fintech or Payments Business