As a Licensed MTO Can You Operate A Bank Account Outside In Another Country?

Can a licensed Money Transfer Operator have a bank account in another country (jurisdiction) and operate that as a primary bank account? The answer is Yes! (I should actually say it depends, but mostly the answer is a yes). This short video explains why.

ABOUT FAISAL KHAN
Faisal Khan is a banking/payments consultant specializing in cross-border payments and is a digital money evangelist. He is the co-host of Around the Coin, a weekly podcast on Payments & Fintech with over 22,000+ listeners. Mr. Khan is a talent scout for Series A & B financing for various fintech VCs/funds. He is also a frequent contributor to popular Q&A site Quora where he has been a Top Writer 6 consecutive years.

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