[VladS]

Originally Posted by petkow

Good point! I suppose these sort of services are regulated like Moneygram or Western Union or other favourites of our Nigerian friends.

There's one major difference... Both Western Union and Moneygram are licensed in each and every country (in the US and Canada at the state/province level) they operate in. They require the sender to fill out a form with the sender's and recipient’s info and they also require both senders and recipients to show proof of ID. Some jurisdictions have additional requirements to satisfy the 'know your customer' rule.

I feel it would be a bit difficult to to try to license the corner store guy...