fbcode

MSB License USA
FAS CPA & Consultants

Service Details

A common thread is that all companies and individuals who transmit money via wire, fax, electronic transfer, or payment instrument are considered money transmitters and need a MSB license.

What is a Money Service Business?

A money service business (MSB) is an individual or organization that conducts business as: • A currency dealer or exchanger • A check casher • An issuer or seller of traveler´s checks, money orders, or other stored value.

When is a MSB Considered to be a Money Transmitter

Any MSB that transmits money inside the US or abroad, on behalf of another person or people is a Money Transmitter. If your business is paid to transfer money or monetary value and exceeds $1,000 in transfers on the same day and the transactions fall into the following categories: • Check Cashing • Currency Dealing or Exchange • Money Transfer Services for (any amount) • Traveler´s Checks • Money Orders.

Licensing

Money transmission operations are highly regulated on both state and federal levels. Money transmitters need both federal and state licenses.

Subscription Plans

Silver

$16K

Filing fee

Gold

$25K

Filing fee

Platinum

$50K

Filing fee

We Are Just A Phone Call or Email Away From You.

Accounting Firm providing Accounting Advisory, Tax Planning and Offshore Strategies to grow your business and protect your assets.

Clients Feedback

Our Clients Reviews

Thanks to FAS & CPA Consultants and Fulton Abraham Sanchez, CPA, I was able to resolve a debt of $479,677.71 that I had with the IRS.

    Gala Cedeño
    Gala Cedeño

    Entrepreneur

    My experience with FAS CPA & Consultants has been incredible, their professionalism is impeccable. I highly recommend them.

      Carlos Lange
      Carlos Lange

      Manager

      I highly recommend FAS CPA & Consultants, they are responsible, efficient and very dedicated.                                        

        David Barcelo
        David Barcelo

        Manager

        error: Content is protected !!