American MSB (money services business) license is a kind of financial license supervised and issued by FinCEN (financial crime enforcement bureau under the U.S. Department of Finance), which belongs to the registration license system. MSB is obliged to supervise its registered member enterprises and professionals and protect the vital interests of the market and investors.
As the holder of MSB financial license, we strictly abide by the requirements of MSB. First, we are obliged to meet strict capital requirements, adopt and comply with national standards and procedures, including risk management and regular staff training, and conduct detailed annual audit by independent auditors to ensure compliance.
To ensure that we can meet and maintain our financial needs at all times, we will continue to identify, monitor and control various risks related to our operations, including assessing the effectiveness of our policies, and procedures. Our employees have rich industry experience and knowledge, and continue to receive strict standard training.
