On September 22nd, the Second Circuit affirmed defendant's conviction for operating an unlicensed money transmitting business. 18 U.S.C. Sec. 1960(b)(1)(A) does not require a showing that the unlicensed money transmitting business was a "domestic financial institution" and the evidence supported finding that defendant failed to comply with state licensing requirements. U.S. v. Mazza-Alaluff.