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#415838 - 08/30/05 03:51 PM MSB

Does Colorado require MSBs to register with the state as well as with FinCEN?

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#415839 - 08/31/05 06:20 PM Re: MSB

Colorado does not require MSBs to register with the state. Division of Banking Operating Memorandum issued 2-13-02 indicates that MSBs must register with FinCEN, and that the state will obtain a list from them. The OM is here:

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#415840 - 08/31/05 07:03 PM Re: MSB
GreatBlue Offline
Diamond Poster
Joined: Feb 2003
Posts: 2,362
Colorado requires "money transmitters" and "money order companies" to be licensed, but it does not require MSBs who aren't operating in that capacity to be licensed or to register with the state.

Here's a link to the Money Order/Money Transmitter regulations.
Opinions are mine and not necessarily my employer's.

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