FinCEN · Money services businesses

Missed your FinCEN MSB renewal? Get your registration current.

Money services businesses — money transmitters, check cashers, currency exchangers, prepaid access providers and many crypto businesses — must register with FinCEN and renew every two years. Missing the renewal leaves the business operating unregistered.

The rules at a glance

Initial registration: FinCEN Form 107, within 180 days of starting business
Renewal: Every two years, by December 31 of the year before the renewal period
Re-register: After certain changes in ownership, control or structure
Agent list: Keep a current agent list and update it each year

Who this applies to

Money transmitters and payment companies
Check cashers and currency exchangers
Prepaid access providers and sellers
Crypto and virtual currency businesses that qualify as MSBs

Why it matters

• Operating without a current registration is a federal violation
• Banks review MSB registration and may close accounts
• Registration does not replace state money transmitter licenses or an AML program

How to get current

1Look up the business on FinCEN's MSB registration search
2File FinCEN Form 107 to renew or re-register
3Update the agent list and supporting records
4Review the written AML program, training and independent testing
5Set the next two-year renewal date on the compliance calendar

Have us handle it

FinCEN Registration Renewal + AML Health Check

$1,950 one-time

We re-file the MSB registration, run a quick AML program gap review, and set two-year renewal reminders. Full AML independent testing from $3,500.

$2,500 minimum engagement. Smaller items are available to existing clients as add-ons or combined in the $2,500 Missed Deadline Rescue Bundle. Government and issuer fees pass through at cost.

Common questions

How often does an MSB renew FinCEN registration?

Every two years. The renewal is due by December 31 of the calendar year before each new two-year period.

What form is used?

FinCEN Form 107, Registration of Money Services Business, filed through the BSA E-Filing System.

Does FinCEN registration cover state licensing?

No. Most states require their own money transmitter license. FinCEN registration is a separate federal requirement.

Official sources: FinCEN: MSB registration · FinCEN MSB search

Public-record status does not confirm a violation. Confirm deadlines and requirements with the regulator before filing. This guide is general information, not legal advice.