How to Start Money Transfer Business as Agent?

If you are currently in any business like Travel ,Cargo, Cyber Cafe, Insurance ,Loan Facility Provider and want to earn some extra handsome amount with the same business without any investment so today I share some basic information with you to how to start a Money Transfer business with your existing business.

Money Transfer companies depend on his registered agents to give their services to his client/Customers from different countries. In short a money transfer company gives a platform for agents to facilitate their entire client on their behalf while follow to all the rule and regulation.

Popular and authorized money transferring agencies include ACE Money Transfer Limited, Western Union, and Dollar East, Earth port PLC, GCC Exchange UK Limited, Xpress Money Services Ltd, LCC Trans Sending Limited Small World, Money Gram, Money Trans, RIA Financial Services Ltd, Wallstreet Forex London Ltd, and Transfast.  

Read More

What is Financial Conduct Authority (FCA) and what actually FCA do?

FCA start his operational activity from 1 April 2013 with the power to investigate organizations and individuals with responsibility for financial stability, bringing together macro and micro prudential regulation.It is able to specify minimum standards and to place requirements on products.

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government and is financed by charging fees to members of the financial services industry.I.e they charge fees for registration.
Let suppose a company doing money transfer business ,he will register his agent under the umbrella of FCA.With out registration doing money transfer business is consider as illegal business in United Kingdom.

Read More