Regulatory Approach

In order to run our remittance services in Asia, we have begun developing a mutually-owned Asdra Company that will be operated by Bank of Thailand at an International Money Remittance Service Non-Bank, Money Exchange and E-Payment License.

In our target countries, we will work closely with our legal department to assist with obtaining any licenses necessary. Depending on the type of country and jurisdiction, we could apply for an EMI/MSB license.

We must comply with all relevant AML legislation and regulations in every country in which we provide a remittance service.