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Cross-border Payments

Navigate the complex regulatory landscape of international payments, including licensing, compliance frameworks, and provider comparisons.

Regulatory Framework​

Cross-border payments are subject to regulations in multiple jurisdictions:

  • Originating country regulations
  • Destination country requirements
  • Intermediary bank compliance
  • International sanctions screening

Key Considerations​

1. Licensing Requirements​

Different activities may require different licenses:

  • Money Service Business (MSB) registration
  • Payment Institution license
  • Electronic Money Institution (EMI) license
  • Banking license for certain activities

2. Compliance Framework​

  • AML/CFT policies and procedures
  • Sanctions screening (OFAC, UN, EU, etc.)
  • Transaction monitoring systems
  • Record keeping requirements

3. Provider Selection​

When selecting payment providers, consider:

  • Geographic coverage
  • Compliance standards
  • Technology integration
  • Cost structure
  • Settlement times