Money Transmitter, License to be a

Money Services Business Registration
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Businesses that sell or issue ways to pay, or send and receive money by wire transfer, need a Money Transmitter License. This license comes from the New York State Department of Financial Services (DFS).

Licensed businesses must:

Money transmitters must make a depository agreement with customers. This keeps bonds and assets safe.

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NYS DFS Money Transmitters Information Page
NYS Department of Financial Services (DFS)
Licensed Financial Services
One State Street
New York
NY
10004-1417
http://www.dfs.ny.gov/
(212) 709-5507
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