Stay ahead of compliance trends, regulatory updates, and industry best practices curated for modern fintechs.
Nevada requires a Money Transmitter License from the Financial Institutions Division for fintechs transmitting money in the state. This guide covers requirements, net worth, fees, and the full application process.
Texas requires money services businesses to be licensed under the Texas Money Services Act, administered by the Texas Department of Banking. This guide covers Texas MSB licensing requirements, the application process, and ongoing compliance.
Florida requires money services businesses to obtain a license from the Office of Financial Regulation under the Money Transmitters' Act. This guide covers Florida MSB licensing requirements, application process, and ongoing compliance.
FinCEN's Prepaid Access Rule imposes BSA registration and customer identification requirements on providers and sellers of prepaid access products. This guide explains who it covers, what it requires, and how fintechs offering prepaid products must comply.
OFAC penalties can be severe — millions of dollars per violation, even without intent. This guide explains how OFAC calculates civil penalties, what factors affect the outcome, and how voluntary self-disclosure can reduce your exposure.
OFAC has extended sanctions enforcement to cryptocurrency, including listing wallet addresses on the SDN List. This guide explains how crypto sanctions screening works and what your compliance program needs.
DeFi (decentralized finance) presents unique compliance challenges — no central operator, no built-in KYC, and evolving regulations. This guide explains the current US regulatory approach and what fintechs interacting with DeFi must be aware of.
The Fair Credit Reporting Act (FCRA) governs how consumer credit information can be collected, used, and shared. For fintechs that use credit reports or background checks in underwriting or onboarding, FCRA compliance is essential. This guide explains what the FCRA requires.
Colorado requires a money transmitter license from the Division of Banking to legally transmit money in the state. This guide covers the requirements, bond amounts, net worth, and application process step by step.