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How do Money Services Businesses (MSBs) register?

April 26, 2017businesses money msbs REGISTER Services

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How do Money Services Businesses (MSBs) register?

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Each MSB must register with the Financial Crimes Enforcement Network (FinCEN). However, not all MSBs are required to register. For example, if you are an MSB solely because you are an agent of another MSB, you are not required to register. Please Note: Registration with FinCEN does not satisfy any state or local licensing or registration requirement.