Registration Form - Each MSB must initially be registered by filing a completed form, FinCEN Form 107, Registration of Money Services Business, within 180 days after the date on which the MSB is established
One Form for each MSB
Only one registration form is required to be filed for each MSB in any registration period.
Structure and Ownership
One form is required regardless of the manner in which the MSB business is structured, e.g. as a sole proprietorship (individual owner), as a partnership (partner owners), as a corporation (shareholder owners) or other structure.
One form is required regardless of the number of branches or branch offices at which MSB services are offered by the MSB. However, the number of branches must be reported on the form.
One form is required regardless of the number of agents the MSB has authorized to sell or distribute its MSB services. However, the number of agents must be reported on the form.
The term "MSB services" refers to the following financial products and services: money orders, traveler's checks, money transmission, check cashing, currency exchange and currency dealing.