# Registration of Money Services Business (Form 107 / RMSB) (United States) Source page: https://protegra.io/licensing/licences/money-transmitter/united-states/ The Registration of Money Services Business (Form 107 / RMSB) is issued by Financial Crimes Enforcement Network (FinCEN) under Bank Secrecy Act (Currency and Foreign Transactions Reporting Act of 1970, as amended; codified at 12 U.S.C. 1829b, 1951-1960 and 31 U.S.C. 5311-5314, 5316-5336, implementing regulations at 31 CFR Chapter X). The official register lists 29262 current holders. The application fee is No fee. Ownership changes need the regulator's approval before completion. ## At a glance | Official name | Registration of Money Services Business (Form 107 / RMSB) [1] | | --- | --- | | Also known as | MSB · RMSB · FinCEN Form 107 · FinCEN MSB registration · US MSB registration · Federal MSB registration | | Market names to check | MSB license: Federal MSB status is a FinCEN registration, not a licence; state money transmitter licences are separate | | Issued by | [Financial Crimes Enforcement Network](https://protegra.io/licensing/regulators/fincen-usa/) | | Jurisdiction | [United States](https://protegra.io/licensing/jurisdictions/united-states/) | | Licence family | [Money transmitter / money services business (MSB)](https://protegra.io/licensing/licences/money-transmitter/) | | Legal basis | Bank Secrecy Act (Currency and Foreign Transactions Reporting Act of 1970, as amended; codified at 12 U.S.C. 1829b, 1951-1960 and 31 U.S.C. 5311-5314, 5316-5336, implementing regulations at 31 CFR Chapter X) [2] | | Passporting | Domestic only | | Application fee | No fee [1] | | Statutory decision time | None: Form 107 is a self-filed registration with no FinCEN approval or decision step; it must be filed within 180 days of the MSB being established [1] | | Public register | [official register](https://msb.fincen.gov/) [3] | | Current holders | 29262 [3] | ## What it lets you do | [Money remittance](https://protegra.io/licensing/activities/money-remittance/) | Receiving funds from a payer solely to transfer them to a payee or another provider, without opening payment accounts. | | --- | --- | | [Currency exchange](https://protegra.io/licensing/activities/currency-exchange/) | Buying and selling foreign currency for customers, in cash or electronically, as a bureau de change or FX service. | ## Where it is valid _Valid in United States._ ## How long it takes Statutory: None: Form 107 is a self-filed registration with no FinCEN approval or decision step; it must be filed within 180 days of the MSB being established [1]. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions. ## Buying a company that already holds it **Notification only.** No FinCEN approval or vetting of acquirers exists because MSB registration is not a licence. A transfer of more than 10% of an MSB's voting power or equity interests (31 CFR 1022.380(b)(4)), any ownership/control change requiring re-registration under state law, or a rise of more than 50% in the number of agents, triggers a mandatory re-registration: a new Form 107 filed via BSA E-Filing within 180 days of the event, with no waiting period for approval. State money-transmitter regulators, where the entity also holds a state licence, separately vet controllers on their own thresholds and timelines (not covered here). [1] Ready-made companies holding this licence: [see verified positions](https://protegra.io/companies/emoney-payments/). ## MSB in other countries | Country | Licence | Regulator | Min. capital | Application fee | Statutory time | | --- | --- | --- | --- | --- | --- | | [Australia](https://protegra.io/licensing/licences/money-transmitter/australia/) | Registration as a remittance service providerRegistration as a remittance service provider (remittance network provider or independent remittance dealer) | AUSTRAC |: |: |: | | [British Virgin Islands](https://protegra.io/licensing/licences/money-transmitter/bvi/) | Money Services Business Licence, Class A or Class BMoney Services Business Licence, Class A (money/electronic/mobile money transmission) or Class B (money orders, traveller's cheques, cheque cashing, currency exchange) | BVI FSC |: |: |: | | [Canada](https://protegra.io/licensing/licences/money-transmitter/canada/) | Money services business (MSB) registrationMoney services business (MSB) registration (covers foreign exchange dealing, money transferring, virtual currency dealing, crowdfunding platforms and related services; a separate foreign-MSB registration applies to businesses without a place of business in Canada that direct services at Canadians) | FINTRAC |: |: |: | | [Dubai International Financial Centre (DIFC)](https://protegra.io/licensing/licences/money-transmitter/difc/) | Money transmitter licenceFinancial Services Permission for Providing Money Services restricted to Money Transmission only (Category 4) | DFSA |: | USD 10,000 |: | | [Netherlands](https://protegra.io/licensing/licences/money-transmitter/netherlands/) | Exchange institution licenceExchange institution licence (Vergunning wisselinstelling) | DNB |: |: |: | | United States | Registration of Money Services Business (Form 107 / RMSB) | FinCEN |: |: | ~5.9 mo | Values come from each licence's page, where every figure has its source. ## Laws behind it - [Bank Secrecy Act](https://protegra.io/licensing/laws/us-bank-secrecy-act/): 31 U.S.C. 5311-5314, 5316-5336 (Pub. L. 91-508, as amended); implementing rules at 31 CFR Chapter X ## Sources 1. [fincen.gov: money services business msb registration](https://www.fincen.gov/money-services-business-msb-registration): retrieved 2026-09-24 2. [fincen.gov: bank secrecy act](https://www.fincen.gov/resources/statutes-and-regulations/bank-secrecy-act): retrieved 2026-09-24 3. [msb.fincen.gov](https://msb.fincen.gov/): retrieved 2026-09-22 Last verified 2026-10-26 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.