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MSB Registration

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Question: 
Does a Money Service Business (MSB) who is registered through the state Nationwide Multistate Licensing System (NMLS) still have to register as a MSB separately with FINCEN?
Answer: 

The filing of any required call reports by a MSB through the NMLS system is totally unrelated to the requirement to register with FinCEN.

First published on 02/13/2022

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