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#604108 - 08/23/06 09:02 PM ATM Servicer - MSB?
coneill Offline
New Poster
Joined: Aug 2006
Posts: 12
Pennsylvania
Would an ATM service business that replenishes ATM's fall in the category of an MSB?
Last edited by Ken_Pegasus; 08/24/06 01:26 PM.
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BSA/AML/CIP/OFAC Forum
#604109 - 08/23/06 10:03 PM Re: MSB
Chicgolf Offline
100 Club
Joined: Jun 2003
Posts: 137
Westside
Good question! I would contact your regulator to obtain an opinion on this one, but my gut tells me it could possible be considered a NBFI (Non-Bank Financial Institution).
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#604110 - 08/24/06 01:29 PM Re: ATM Servicer - MSB?
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
No. It is not performing any of the services that trigger a registration requirement.
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