I have been kken to set up my own business in money transfer business, but i do not know how to go about doing it any help would be appreciated? thank you
2007-07-26 09:35:21 · 2 answers · asked by Star 2 in Business & Finance ➔ Other - Business & Finance
Here in UK we have very strict laws about Money Laundering (aka money transfer :-) )
So you will need a Licence from UK Government (to act as a bank) and/or FSA (for other financial activities).
NB. There is a well known 419 type scam that invloves sending the 'mark' cheques to cash 'on comission' .. see "The European Cheque Scam" in first link below ..
2007-07-26 20:31:01 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
I am also trying to do research on how to set up a money transfer business. There is very little information out there. If you do find out anything...please share.
2007-07-29 04:36:34 · answer #2 · answered by MONICA Y 1 · 0⤊ 0⤋
Log on to western union and follow the prompts
2016-03-15 23:56:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋