Fill out the MSB Registration Form by visiting www.fincen.gov/forms and clicking on the "Money Service Business Registration (FinCin 107)" link in the "Other Forms" section at the bottom of the page.
Send the completed form to:
Enterprise Computing Center - Detroit
Attn: Money Services Business Registration
P.O. Box 33116
Detroit, MI 48232-0116
EmagineNET's Compliance Program Binder contains the registration form and instructions on how to fill it out.
You need to develop written policies and procedures that address the following:
EmagineNET's Compliance Program Binder contains a template that meets all these requirements.
Assign an employee to be the compliance officer. Typically this person is the owner or the manager of the store. The compliance officer is responsible for assuring the following:
EmagineNET's Compliance Program Binder contains template for designating and training the compliance officer.
The designated compliance officer should train all employees who cash checks on the following matters:
EmagineNET's Compliance Program Binder contains presentations that can be used to provide training to all the employees.
Have any owner or employee of the business - other than the designated compliance officer - conduct regular reviews of the check cashing operation. The review should focus on the following:
EmagineNET's Compliance Program Binder contains detailed check lists to help conduct these reviews.