Do we need a correspondent tie-up agreement, if there is a licensed financial entity involved, like an exchange, or another Money Services Business?
What bank will we be signing with? Can you tell us the name of the financial institution you are talking to? We might already be in conversation with them?
When is the referral fee due? Is it due once we are connected to a financial institution and an account has been opened with them?
We want to expand untapped corridors where correspondence arrangements are needed and are not available. Would we be allowed to make a correspondence arrangement with Banks in that territory?