It is a good idea to name your file something like “MSB renewal Dec. 2018” and to save it in your documents on your computer where you can locate it the next time you need to renew or, if necessary, to file a corrected report.

If an error or incomplete information is detected on this site, the registrant should follow the appropriate instructions for correcting a Registration of Money Services Business (RMSB) form. "Additionally, "MSB acknowledgement letters will not be sent to MSBs. It’s that time again!

The consumer credit section of the Missouri Division of Finance is responsible for licensing and regulating various types of consumer finance companies to assure compliance with numerous state and federal laws. This is the actual regulation 31 CFR 1022.380(b)(2) (formerly 103.41(b)(2)):  To translate, the first year you registered, regardless of when in the year you did so, is year one. A copy of the filed registration form and other supporting documentation must be retained at a location …

The field representing "All States and Territories" will indicate if the registrant selected "All States & Territories", "All States" or "All Territories".Why are two (2) dates being provided on the Web site or on the MSB Registration Status Information page?The authorized signature date field corresponds to the date provided in Part VII, Authorized Signature on the RMSB form. I am at a loss as to what the FDIC may have been looking for. Use the search page called Money services business (MSB) registry search (This will open a new window) to find your MSB or FMSB. The received date field corresponds to the date that the RMSB form was received via the BSA E-Filing System or when a paper form was received by the IRS Enterprise Computing Center-Detroit (ECC-D).Entities must renew their registration every two years, and, once a year, FinCEN will delete from the MSB Registration Web site any entities that did not renew their MSB registration by their renewal deadline. Once the Form 107 is complete, you can name the file, save, and submit as you would any other report on the BSA E-File system. Check all that apply.

MSBs are strongly encouraged to use FinCEN's BSA E-Filing System to file their registration.FinCEN will not provide registration confirmation via the Regulatory Helpline or the E-Filing Help Desk.Why might the field listing the states where a registrant engages in MSB activities be left blank on the Web site or on the MSB Registration Status Information page?If a registrant selected "All States & Territories", "All States" or "All Territories" on their registration form (Part IV, Money Services and Product Information), individual states in which the MSB engages in MSB activities will not be listed.
Thereafter, registration renewal must be filed every 24 months by December 31.

Besides confusion on when to renew, errors include improperly designating the reason for the filing or listing the wrong number of branches or activities.
MSBs must use FinCEN's BSA E-Filing System to renew their registration. FinCEN does not verify information submitted by the MSB. This is an increase of 1,080 MSB registrations from the December 7, 2011 total of 38,633 .The MSB Registration Web site reflects information exactly as provided by the registrant.

While it sounds simple, errors in the MSB registration form is a common flaw I see in my compliance work with MSBs. In a recent FDIC audit, it was noted that previous (2012) renewal filings were not obtained and only Registration Summaries from FINCEN were in file.

1.1 Data Entry Template (DET) to generate FSS Licensing Form No.


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