FinCEN proposes change to Registration of Money Services Business, FinCEN Form 107

 

Financial Crimes Enforcement Network (FinCEN)

Financial Crimes Enforcement Network (FinCEN)

October 6, 2011

As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a proposed change to Registration of Money Services Business, FinCEN Form 107.

The proposed change incorporates the recently revised Money Services Business (MSB) definitions and adds provisions for Prepaid Access.

The form will be used by dealers in foreign exchange; check cashers; issuers, sellers, and redeemers of traveler’s checks and money orders; providers of prepaid access; and money transmitters to register with the Department of the Treasury as required by statute.

Written comments are welcome and must be received on or before December 5, 2011.

Federal Register Notice: http://www.gpo.gov/fdsys/pkg/FR-2011-10-06/pdf/2011-25607.pdf

MSB Homepage: http://www.fincen.gov/financial_institutions/msb/



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