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Must an authorized delegate engaged in the money services business be licensed under the MTSA?

April 26, 2017authorized Business delegate engaged licensed money MTSA Services

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Must an authorized delegate engaged in the money services business be licensed under the MTSA?

2 Answers

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Answer No license is required for a person to act as an authorized delegate if it is acting on behalf of an entity licensed under the act or a class 1 licensee under the Consumer Financial Services Act.

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No license is required for a person to act as an authorized delegate if it is acting on behalf of an entity licensed under the act or a class 1 licensee under the Consumer Financial Services Act.