MTL (Money Transmitter License)
A Money Transmitter License permits a company to receive funds from a sender and deliver them to a recipient, whether domestically or internationally. It is the core authorization for remittance operators, wallet providers, and platforms that move customer money on behalf of others.
Money transmitters must safeguard customer funds, maintain minimum capital and surety bonds, and operate comprehensive AML programs. The license is frequently obtained jurisdiction by jurisdiction, allowing operators to build nationwide or regional coverage while meeting each regulator's consumer-protection standards.
