Legal Question in Business Law in New York

What licenses do I need to get to open a foreign currency money exchange place in NYC ?


Asked on 11/16/11, 10:52 pm

1 Answer from Attorneys

Although New York does not have a specific license for currency exchange bureau, there are licenses that are required in order to facilitate certain transactions that you will likely be conducting such as processing coins. cashing traveler checks and possibly receiving and transmitting money.

Your intended activities need to be examined in order to determine whether you need a license and then what type of license.

Feel free to contact my office at your earliest convenience for help in the matter.


Roman R. Fichman, Esq.

www.TheLegalist.com │ @TheLegalist

email: Info (@) TheLegalist (dot) com

t e l : 2 1 2 -- 3 3 7 -- 9 8 3 7


Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

Read more
Answered on 11/17/11, 6:22 am


Related Questions & Answers

More Business Law questions and answers in New York