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Each Agent - A registering Money
Services Business (MSB) must include each agent that the MSB has
authorized to sell or distribute its MSB services. The term "MSB
services" refers to the following financial products and services:
money orders, travelers' checks, money transmission, check cashing,
currency exchange and currency dealing.
One Entry for each Agent.
Only one entry is required for each agent regardless of the manner
in which the agent business is structured, e.g. as a sole proprietorship
(individual owner), as a partnership (partner owners), as a corporation
(shareholder owners) or other structure, and regardless of the number
of locations at which the agent operates its business or the number
of branches or branch offices at which MSB services are offered
by the agent.
See 31 U.S.C. 5330 (c)(1)(A), 31 CFR 103.41(a)(2)
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