one) as appropriate, and do not check any
individual state or territory boxes. If box a, b, or c
does not apply, check as many state or territory
boxes as necessary . If a service is of fered on
tribal lands, mark the box for the state, territory
or district in which the tribal lands are located.
Item 25--Enter the number of branches of the
registrant. Enter the number of branches of the
money services business at which one or more
MSB activities are offered. If there are no branches,
enter zero. See the General Information for an
explanation of the term “branch”.
Item 26--MSB activities of the registrant. Items
25a through 2 5i are MSB activities. Check t he
box of each MSB activity conducted b y t he
registrant at its branches. See the General
Information for an explanation of the terms “issuer”,
“seller”, “redeemer”, “check casher”, and “money
transmitter”.
Item 27--Informal value transfer system. If any
part of the registrant’s money services business is an
informal value transfer system, check yes. An
informal value transfer system is a kind of money
transmitter. See the General Information
explanation of the term “money transmitter”.
Item 28 --Mobile o peration. If any part of the
registrant’s money services business is conducted
as a mobile operation, check yes. A mobile
operation is one based in a vehicle. For example,
a check cashing service offered from a truck is a
mobile operation. For purposes of Item 25, each
mobile operation should be counted as a separate
branch.
Item 29--Number of agents. Enter the number of
agents that the registrant has authorized to sell or
distribute its MSB services. Do not count branches
or any person who is solely an employee of the
MSB. A bank is not an agent for this purpose. See
the General Information for an explanation of the
term “agent”.
Part V Primary Transaction Account for
MSB Activities
Item 30--Check the box if the registrant has more
than one primary transaction account for money
services business activities. Example: If the
registrant is both an issuer of money orders and an
issuer of traveler’s checks and the registrant has
separate clearing accounts for money orders and
traveler’s checks, the box should be checked.
Item 31--Name of the financial institution where
the primary transaction account is held. Enter
the name of the bank or other financial institution
where the registrant has its primary transaction
account. I f you indicated that the registrant has
more than one primary transaction account in Item
30, enter information about the account with the
greatest money service activity transaction volume
as measured by value in dollars. See the General
Information for an explanation of the term
“transaction account”.
FinCEN Form 107 Registration of Money Services Business Instructions
Items 32 to 35-- Enter the permanent address
for the financial institution.
Item 36--Primary transaction account number.
Enter the primary transaction account number.
Part VI Location of Supporting
Documentation
General: The registrant must retain for five (5)
years certain information at a location within the
United States. That information includes:
1. A copy of the registration form.
2. Annual estimate of the volume of the registrant’s
business in the coming year.
3. The following information regarding ownership
or control of the business: the name and address
of any shareholder holding more than 5% of the
registrant’s stock, any general partner, any trustee,
and/or any director or officer of the business.
4. An agent list.
If the registrant has agents it must prepare and
maintain a list of its agents. That agent list must be
updated annually and retained by the business at
the location in the United States reported on this
registration form in Part II or Part VI. The agent list
should not be filed with this registration form.
The agent list must include:
a. Each agent’s name,
b. Each agent’s address,
c. Each agent’s telephone number,
d. The type of service(s) provided by each agent on
behalf of the registrant,
e. A listing of the months in the immediately
preceding 12 months in which the gross transaction
amount of each agent with respect to financial products/
services issued by the registrant exceeds $100,000,
f. The name and add ress of any depository
institution at which each agent maintains a transaction
account for the money services business activities
conducted by the agent on behalf of the registrant,
g. The year in which each agent first became an
agent of the registrant, and
h. The number of branches or subagents of each
agent.
Items 37 to 40--If the supporting documentation
is retained at a location other than the address
listed in Part II, enter the location information in
items 37 through 40.
Part VII Authorized Signature
Items 41 to 44--The owner or controlling person
listed in Part III must sign and date the form as
indicated in Part VII. If the owner or controlling
person is a corporation, a duly authorized officer
of the corporation must execute the form on behalf
of the corporation. Enter the date this document
was signed.
Penalties for failure to comply: Any person who
fails to comply with the requirements to register,
keep records, and/or maintain agent lists
pursuant to 31 CFR 10 22.380 may be liable for
civil penalties of up to $5,000 for each violation.
Failure to comply also may subject a person to
3
criminal penalties, which may include
imprisonment for up to five (5) years and criminal
fines. See 18 USC 1960. Note: This registration
does not satisfy any state or local licensing or
registration requirement s.
Paperwork Reduction Act Notice.
The purposes of this form are to provide an effec-
tive and consistent means for money services busi-
nesses to register with the Financial Crimes En-
forcement Network, and to assure maintenance of
reports or records where such reports or records
have a high degree of usefulness in criminal, tax,
or regulatory investigations or proceedings. This
report is required by law , pursuant to authority
contained in Public Law 103-305; 31 USC 5330; 5
USC 301; 31 CFR Chapter X. The information
collected may be provided to those officers and
employees of any constituent unit of the Depart-
ment of the Treasury who have a need for the
records in the performance of their duties. The
records may be referred to any other depart-
ment or agency of the United States, to any State,
or Tribal Government. Public reporting and re-
cordkeeping burden for this information collec-
tion is estimated to average 30 minutes per re-
sponse, and includes time to gather and maintain
data for the required report, review the instruc-
tions, and complete the information collection.
Send comments regarding this burden estimate,
including suggestions for reducing the burden,
to the Office of Management and Budget Paper-
work Reduction Project, Washington, DC 20503
and to the Paperwork Reduction Act; Department
of the Treasury, Financial Crimes Enforcement
Network, P.O. Box 39 , V ienna, VA 22183-0039.
The agency may not conduct or sponsor , and an
organization (or a person) is not required to re-
spond to, a collection of information unless it dis-
plays a currently valid OMB control number .
Privary Act Notice.
Pursuant to the requirements of Public Law 93-
579 (Privacy Act of 1974), notice is hereby given
that, in accordance with 5 U.S.C. 552a(e), the au-
thority to collect information on FinCEN Form 107
is Public Law 103-305; 31 USC 5330; 5 USC 301;
31 CFR Chapter X. The Department of the Trea-
sury may use and share the information with any
other department or agency of the United States,
to any State, or Tribal Government, or part thereof,
upon the request of the head of such department
or agency, or authorized S tate or Tribal Govern-
ment official for use in a criminal, tax, or regula-
tory investigation or proceeding, and to foreign
governments in accordance with an agreement, or
a treaty.
Disclosure of this information is mandatory. Civil
and criminal penalties, including in certain cir-
cumstances a fine of not more than $5,000 per
day and imprisonment of not more than five years,
are provided for failure to file the form, supply
information requested by the form, and for filing a
false or fraudulent form. Disclosure of the social
security number or taxpayer identification number
is mandatory. The authority to collect is 31 CFR
Chapter X. The social security number/taxpayer
identification number will be used as a means to
identify the individual or entity who files the re-
port.