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Each Agent - A registering Money Services Business (MSB) must include each agent that the MSB has authorized to sell or distribute its MSB services. The term "MSB services" refers to the following financial products and services: money orders, travelers' checks, money transmission, check cashing, currency exchange and currency dealing.
One Entry for each Agent.
Only one entry is required for each agent regardless of the manner in which the agent business is structured, e.g. as a sole proprietorship (individual owner), as a partnership (partner owners), as a corporation (shareholder owners) or other structure, and regardless of the number of locations at which the agent operates its business or the number of branches or branch offices at which MSB services are offered by the agent.
See 31 CFR 1022.380(a)(3) (formerly 31 CFR 103.41(a)(2))[close window]