The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) on Wednesday reported that 34,214 money services businesses (MSBs) registered with the agency, the first update since the two-year filing deadline. That number, current as of Jan. 3, represents a 2 percent rise in registered MSBs since Dec. 6. FinCEN, which updates its registration list monthly, required all businesses operating as MSBs to register by Dec. 31. MSBs must register every two years. The agency said it is working with the Internal Revenue Service to identify MSBs that did not renew their registrations. FinCEN will contact the businesses to determine whether...
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