Identify the michigan and federal statutes that apply

Reference no: EM133408061

Case Study: Your attorney has a new client who was referred by a local CPA firm. All you know about the client is that they recently purchased a small grocery. They installed a counter in the back of the market, where cell phones, international calling cards, money orders and money transfer services (like Western Union) are sold/provided. It is a profitable side to the business, but they are wondering whether the money transfer services need to be licensed in Michigan and whether there are any laws or regulations that might apply. The particular incident that caused the client to focus on this as a legal problem, was a recent customer who wanted to wire $25,000 to a relative in Switzerland.

Questions: Prepare an interoffice memo to the attorney that includes these elements:

#1- Identify the Michigan and federal statutes that apply to licensing or registering a money transfer service, also called a money services business.

#2- list 10 good questions that the attorney should ask the client in the initial interview.

#3- Insert 3-4 links to Internet sites that would be of interest for the attorney to review in case he/she has some time before the client arrives.

Reference no: EM133408061

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