1.) When will the new MSB Registrant Search Web page be launched and why is it replacing the current MSB Registration List and paper acknowledgement letters?

Q&As

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Frequently Asked Questions on Conducting Independent Reviews of Money Services Business Anti-Money Laundering Programs (09/22/2006) HTML | PDF
Guidance (FREQUENTLY ASKED QUESTIONS) – Businesses Cashing Own Checks (03/31/2006) HTML |

Glossary for MSBs

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Government

Supporting Documentation

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Supporting documentation and a copy of the filed form must be retained by the MSB for a period of five years from the date of the date of filing the SAR. Supporting documentation includes relevant business records such as copies of instruments; copies of money transfer forms; receipts; sale, transaction or clearance records, and photographs, surveillance audio and/or video recording medium. Originals or the business record equivalent must be kept with a copy of the filed SAR.

31 CFR 103.20 (c)

Stored value

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Funds or monetary value represented in digital electronics format (whether or not specially encrypted) and stored or capable of storage on electronic media in such a way as to be retrievable and transferable electronically.

31 C.F.R. 103.11(vv)

Specific Information about each Agent

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With respect to each agent, an MSB must include the following specific information on the agent list: