### Question
Can you define what unlicensed money transmitting business means?


### Answer
**Unlicensed money transmitting business** is defined as the following in *18 U.S.C. § 1960*:

> a money transmitting business which affects interstate or foreign commerce in any manner or degree and—


(A) is operated without an appropriate money transmitting license in a State where such operation is punishable as a misdemeanor or a felony under State law, whether or not the defendant knew that the operation was required to be licensed or that the operation was so punishable

#### Citation:
  - *18 U.S.C. § 1960*
  - Heading: **PART I-CRIMES > CHAPTER 95-RACKETEERING**

