Remit Licensing / Federal FinCEN registration
Federal FinCEN registration — United States
FinCEN fee: 0; renewal every two years. State licences excluded.
- Place and authority
- United States
- Capital
- No federal capital; State requirements possible
- Renewal
- Every 2 years
Place and authority
United States. FinCEN fee: 0; renewal every two years. State licences excluded.
Capital
No federal capital; State requirements possible
Renewal
Every 2 years. The registration is renewed every two years (31 CFR 1022.380), by 31 December of the second calendar year. Source
Our work and its timing
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Documents we will ask you for
Company, owners/UBOs, directors, compliance officer and agents
Required in every case
- Power of representation, notarised remotely. It gives us standing to act on your behalf before registries, banks and the relevant authorities, within the limits it sets out. The notarisation session is held by video; a valid identity document is required.
- Certificate of incorporation or recent registry extract
- Up-to-date articles, memorandum/articles or constitutive deed
- Register of directors and register of shareholders
- Ownership chart up to the natural-person beneficial owners
- KYC, tax numbers, CVs and criminal records of the owners, directors and compliance officer
- Description of services, currencies, corridors, volumes, customers and channels
- List of establishments/branches and agent contracts
- Business plan and evidence of financial capacity, capital, bond or guarantee
- AML/CFT programme, risk assessment and reporting/recordkeeping procedures
- Bank contracts, flow diagram and technology providers
Depending on the case
- Fingerprints and NMLS forms for US state licences
- Foreign criminal records for FINTRAC/FMSB
- Lease, cash security, insurance and cash-in-transit procedures
- Fit & proper of the BOOMs in United Kingdom
- Partner and sub-agent documents
The exact list follows what you order; it is confirmed in your client space after payment.
Questions
Where can this licence be obtained?
United States.
What capital is required?
No federal capital; State requirements possible
Does the licence need to be renewed?
Every 2 years. The registration is renewed every two years (31 CFR 1022.380), by 31 December of the second calendar year.
How are your fees set?
This licence is quoted after review, because the authority's own fees depend on the activity. The firm quote follows the scoping call, before anything is signed.
How long does it take?
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Do you guarantee the licence?
No. The licence is granted by the authority after its own review. Our commitment is the quality of the file, its filing and its follow-up until the decision.