AML Rightsource Training Practice Test

Within how many days must an MSB register with FinCEN after establishment?

90 days 180 days 365 days 30 days

Correct Answer:

180 days

Explanation:

MSBs must register with FinCEN within 180 days of starting business. This six-month window gives FinCEN the necessary information about the new MSB—who runs it, what services it plans to offer, and where it operates—so regulators can begin AML/CTF risk monitoring early in its life cycle. Registering in this timeframe helps bring the MSB into the regulatory framework promptly, supporting ongoing compliance and oversight. Shorter or longer windows would either rush the onboarding of accurate data or delay regulatory visibility, respectively.

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