The conversation between human and AI assistant.
How do I set up a remittance transfer business in US?
Not really. Can you give me an overview of them?
Of course. Firstly, you would need to obtain a money transmitting license from the state you intend to operate in. You would also need to register with the Financial Crimes Enforcement Network (FinCEN) and comply with their anti-money laundering (AML) regulations. It's a lot of paperwork, but you can hire a consultant or a lawyer to help you with the process.