9,690 MSBs renew on the same day, and FinCEN will not remind you
Every MSB in this cohort renews on the same December 31. FinCEN sends no reminder, and 31 USC 5330 prices a missed one at $5,000 a day. Here is who is in it.
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FinCEN MSB registration and renewal, read from the public registrant register and the regulation’s own text.
Colorado carries 59 percent of the eight-code signature
643 of the 1,086 registrants declaring the identical eight MSB activity codes sit in one state. The counts, the addresses, and where the data stops.
Read the postFinCEN MSB activity codes, the full key with live counts
All 16 activity codes from FinCEN’s own export key, what each one means, which six no longer occur, and how often each appears in the live register.
Read the postWho must register as an MSB, and who does not
The seven MSB capacities, the 1,000 dollar daily thresholds, the no-threshold rule for money transmitters, and every exemption, from the regulation’s text.
Read the postFinCEN registration is not a money transmitter license
Federal MSB registration and state money transmitter licensing are separate obligations with separate penalties. What each is, and the statute coupling them.
Read the postThree events that restart the MSB registration clock
Renewal is not the only clock. An ownership change, a 10 percent transfer, or a 50 percent agent increase forces re-registration within 180 days.
Read the postHow to renew your MSB registration in BSA E-Filing
The renewal filing end to end, from the due date rule to the confirmation letter, quoting FinCEN’s own filing instructions at every step.
Read the postMissed the MSB renewal deadline, what actually happens
The statute, the 5,000 dollar per day exposure, the annual purge from FinCEN’s public register, and the one move that repairs it: file the renewal now.
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