Representing The Interests of MSBs

FedMSB is a nonprofit trade association dedicated to advancing the next-generation MSB 2.0 architecture.

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Be a part of the Community!

FedMSB is the home of Money Services Businesses (MSBs) in the U.S.

Licensing Support

FedMSB assists member organizations in navigating the complex landscape of Money Services Business (MSB) licensing, providing comprehensive guidance on obtaining the necessary licenses.

Compliance Support

FedMSB helps member institutions build and maintain robust compliance programs across AML, KYC, and data governance domains by providing practical guidance and educational resources.

Industry Collaboration

FedMSB fosters strategic dialogue with regulatory and financial sectors, encouraging joint action across the MSB ecosystem. We support our members in driving innovation while safeguarding their interests.

Am I a Money Services Business?

The current rules amended in 1999 by the FinCEN revised the regulatory definitions of certain non-bank financial institutions for purposes of the Bank Secrecy Act (BSA) and grouped the definitions into a separate category of financial institution called “money services businesses” or “MSBs.”

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How Do I Search for MSB Information?

The MSB Search contains entities that have registered as MSBs pursuant to the Bank Secrecy Act (BSA) regulations at 31 CFR 1022.380(a)-(f), administered by FinCEN. Information contained on this site has been provided by the MSB registrant and reflects only what the registrant has provided to FinCEN.

Role Clarification

Non-Money Transmission and Non-Financial Roles

FedMSB is not a financial institution. Instead, it serves as a publisher, certifying authority, and neutral standards body.

Publication & Tools

A strong business is built on strong resources. FedMSB publishes products and resources that support research, practice, regulation, and general well-being, while also developing tools to help Money Services Businesses perform their day-to-day operations.

Standards & Certifying

FedMSB’s Standards & Certifying initiatives aim to elevate the MSB industry’s reputation and effectiveness. Our standards provide a foundation for best practices, ensuring compliance, fostering innovation, and building trust across the financial ecosystem.

Technical Infrastructure

FedMSB supports the development of shared, secure, and scalable technical infrastructure for the MSB 2.0 era. This architecture is open to contributions and iterations from members, fostering a community-driven approach to solving sector-wide challenges.

News, Bulletin & Insights

For Members & Industry

The Digital Coin with No Name: Legal and Constitutional Fault Lines in the GENIUS Act’s Stablecoin Framework

June 30, 2025

By Mr. Young, Chairman of the Federal Money Services Business Association (FedMSB) — Author’s Note: This commentary is written for policymakers, regulators, and legal practitioners concerned with the long-term implications of the GENIUS Act’s approach to payment stablecoins. It explores the intersection of statutory construction, financial law, and constitutional doctrine with a view toward…
Stablecoins Are Not “Innovation”—They Are the Digital Echo of Classical Monetary Regimes

June 19, 2025

By Mr. Young, Chairman of the Federal Money Services Business Association (FedMSB) — As the GENIUS Act cleared the U.S. Senate, establishing a federal regulatory framework for stablecoins, many market commentators hailed it as a pivotal moment signaling the mainstream acceptance of crypto finance. Yet from the historical perspective of monetary systems, stablecoins do…
FedMSB Submits Formal Policy Position on GENIUS Act

June 17, 2025

Manhattan, NYC | June 17, 2025 — The Federal Money Services Business Association (FedMSB) has officially submitted its policy position on the GENIUS Act (S.1582), a landmark federal bill that proposes to establish a national licensing regime for payment stablecoins. The policy paper was transmitted today to members of the House Financial Services Committee,…

Empowering the industry

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The Federal Money Services Business Association offers learning resources and networking opportunities year-round for professionals at all career stages and across various practice areas.