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e-ore

08/13/20 4:58 PM

#71257 RE: DWillie #71256

If not a bank, is this what PBC does?
"Who Is Required To Have This License? A company needs this license if they: •Receive money or its equivalent value (equivalent value includes virtual currency) to transmit, deliver, or instruct to be delivered to another location, inside or outside the United States, by any means including but not limited to by wire, facsimile, or electronic transfer."

Washington state requires a license for the above activity. Neither GRN Funds, Pacific Processing, nor Pacific Banking Corp are so licensed.

https://dfi.wa.gov/sites/default/files/forms/mt-new-app-checklist.pdf

https://dfi.wa.gov/money-services/licensing-frequently-asked-questions

https://www.nmlsconsumeraccess.org/Home.aspx/MainSearch