The FINRA broker-dealer license is required for firms and individuals engaged in the buying and selling of securities, ensuring compliance with regulatory standards. It involves passing qualifying exams and adhering to strict guidelines to protect investors and maintain market integrity.

The Money Service Business (MSB) licence is essential for businesses involved in money transmission, payment services, currency exchange, or the issuance of money orders and traveller’s cheques. Obtaining an MSB licence ensures compliance with federal and state regulations, including the Financial Crimes Enforcement Network (FinCEN) registration and Anti-Money Laundering (AML) standards. This licence enables businesses to operate legally while safeguarding financial transactions, protecting customers, and maintaining the integrity of the financial system