S.C. Code Ann. § 35-11-200: License required.

(A) A person may not engage in the business of money transmission or advertise, solicit, or hold himself out as providing money transmission unless the person is:

(1) licensed under this article;

(2) an authorized delegate of a person licensed pursuant to this article; or

(3) exempted under Section 35-11-110.

(B) A license issued pursuant to this chapter is not transferable or assignable.