The most significant legal issues for money transmission businesses involve navigating a complex regulatory landscape that includes strict federal and state licensing requirements, robust anti-money laundering (AML) protocols, and extensive reporting and record-keeping obligations. Failure to comply can result in severe civil and criminal penalties. This CLE course explores the regulatory requirements imposed by the FinCEN and state regulators, using real-world enforcement actions — such as those involving Coinstar, Ripple Labs, Sigue Corporation, and Block Inc. — to highlight the legal and financial risks of non-compliance.
