What GoDaddy Inc. told the SEC could break it.

GoDaddy Payments may become subject to BSA/AML, sanctions and state money-transmitter licensing regimes, bringing record-keeping/reporting/bonding requirements, customer-fund investment limits and regulatory inspections.

“Various U.S. federal, state and international laws, rules and regulations govern the payments industry, including the Bank Secrecy Act of 1970, anti-money laundering and sanctions regulations, and state money transmitter licensing laws. Our payments services may become subject to regulation by authorities, which would subject us to, among other things, (i) record-keeping, reporting and bonding requirements, (ii) limitations on the investment of customer funds and (iii) inspection by state and federal regulatory agencies.”

As a registrar, GoDaddy must pay registry fees set by VeriSign (.com/.net) and ICANN and has no control over those registries' fee structures; VeriSign has repeatedly raised .com prices, raising GoDaddy's/customers' costs.

“We have no control over ICANN, VeriSign or other domain name registries and cannot predict their future fee structures.”

GoDaddy relies on third-party providers for contracted care/support — ~3,400 individuals primarily in India and the Philippines — concentrating customer-support operations offshore.

“we partner with various third-party providers and vendors to provide contracted care and support services to our customers; approximately 3,400 individuals are employed with or engaged by our external partners. These third-party providers are primarily located in international markets, most significantly in India and the Philippines.”