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#2123693 - 03/27/17 01:30 PM FinCen and lapsed MSB Registration?
Daisy Doodle Offline
Diamond Poster
Joined: Feb 2014
Posts: 1,030
Southern U.S.
I read that MSB's must submit renewals every 2 years. I was under the impression that the registration just 'disappeared' from the online site if it was lapsed, but I pulled one this morning that has a received date of 8/26/14. If I'm correct about the 2 year timeframe, this one has been lapsed since 8/26/16. I have not always checked those dates, thinking the registration would not be there if it was not in force.

Any feedback?

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#2123697 - 03/27/17 01:46 PM Re: FinCen and lapsed MSB Registration? Daisy Doodle
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
MSB registrations expire at year end, not after 24 months; e.g. the one you reference expired on 12/31/15. The fact that the MSB is still listed does not mean it is "current."
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#2123701 - 03/27/17 02:02 PM Re: FinCen and lapsed MSB Registration? Daisy Doodle
Daisy Doodle Offline
Diamond Poster
Joined: Feb 2014
Posts: 1,030
Southern U.S.
Oh, I see where I went wrong. Thanks, Ken.

When to Register:
Initial registration: File the report within 180 days after the date the business is established.
Renewal: Each MSB must renew its registration every two years, on or before December 31. See 31 CFR 1022.380(b)(2). For example, if an MSB registered on October 15, 2003, it must file a renewal by December 31, 2004, and then every 24 months thereafter (on or before December 31, 2006, then December 31, 2008, etc.). Renewals must be submitted on a new RMSB. Photocopies of previously submitted forms/reports or facsimiles will not be accepted for renewal purposes

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