MSB REGISTRATION QUESTION

Posted By: ComplianceGurl, CRCM

MSB REGISTRATION QUESTION - 06/29/17 01:41 PM

Hello,
We have an incorporated business customer that has two DBA's all under the same tax ID number. The corporation is listed on FinCEN's MSB registration list with one of the DBA's, but not the other. Both DBA's conduct MSB activities. Do they need to register both DBA's?
Thank you!
Posted By: Daisy Doodle

Re: MSB REGISTRATION QUESTION - 06/29/17 02:40 PM

In their application to FinCen, they have to disclose all their locations, I believe. Since he has put a discrepancy in front of your face, you might ask him for a copy of his application to see if he listed both locations. Unless....they only have to register every 2 years, is one of the locations new maybe?
Posted By: ComplianceGurl, CRCM

Re: MSB REGISTRATION QUESTION - 06/29/17 02:46 PM

Thanks Daisy! Both DBA's have been around for awhile. I see I'll need to do some investigating. :-)