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#727517 - 05/07/07 03:41 PM MSB - 180 days grace period
hawkfan Offline
Joined: Feb 2006
Posts: 83
From what I understand, we should file a SAR on any business that we find out to be an MSB if they are not registered with Fincen. One thing I read from Fincen was that the MSB is required to register with Fincen within 180 days of establishment. What if we have a convenience store (been a customer for awhile) that didn't cash checks over $1,000 in cash until recently? We have spoken to them and they will register soon. Do we file a SAR on them, or are they alright because it hasn't been 180 days since they started doing what makes them a MSB? Thanks.

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#727548 - 05/07/07 04:08 PM Re: MSB - 180 days grace period hawkfan
AnonRegulator Offline
Gold Star
Joined: Mar 2002
Posts: 451
Everywhere, USA
I think this thread will help you. AR.

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