The lack of flexibility multiplied by 49 states leads to complexity in ensuring firms meet their regulatory obligations. Money Transmission Laws (MTLs)  are:

  • rules-based
  • riddled with compliance obligations
  • not uniform
  • typically lack the flexibility to foster financial innovation in an efficient manner

It is a tedious exercise of examining MTLs in the 49 states that have them to determine if their proposed business requires a license, and whether they may rely on statutory or regulatory exemptions.

Despite efforts by state regulators to streamline the applying for and obtaining MTLs in 49 states it remains a daunting endeavour. Understanding this landscape will be critical to any successful, long-term participant.


Fully digitised, analysed and summarised regulatory data including federal regulation and the all the different money-transmission laws across all 49 states, that have so far created their own legal framework, provided by Corlytics regulatory risk analytics.

Horizon scanning, covering all federal and state money-transmission laws is part of Corlytics regulatory monitoring. Fully digitised and from a singular location, the solution supports operational and legal risk impact assessment.

Whether it’s your mobile device or office computer, Corlytics payment tracker provides themed regulation information at your fingertips

Please connect with us if you’d like to know more about our solutions