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Money Services Business registration is one of the more commonly misunderstood parts of U.S. payments regulation. It matters, but it does not do everything people assume it does.
What an MSB is
A Money Services Business is a category of company registered with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) that provides money transmission, currency exchange, or related services, subject to the Bank Secrecy Act and its implementing regulations.
What registration requires
Registered MSBs must maintain an anti-money-laundering program, file required reports, screen for sanctions, and keep records — obligations we describe on our own Compliance & Security page. Registration status for any MSB, including ours, can be verified directly through FinCEN's MSB registrant database.
What registration does not do
FinCEN registration is a federal filing requirement, not a government endorsement or approval, and it does not by itself authorize money transmission in every U.S. state. Most states require a separate money transmitter license, and requirements outside the U.S. vary by country. A registered MSB still needs to determine where, and under what license, it can actually operate.
Why this matters for partners
Businesses evaluating a payments provider should ask what registrations and licenses it actually holds, and where — not assume that any single filing covers every market. Our Regulatory Disclosures page lists our own registration details.