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Inside Washington (03/14/2012)
  • WASHINGTON (3/15/12)--The Financial Crimes Enforcement Network (FinCEN) has released the new Registration of Money Services Business (RMSB), FinCEN Report 107, through the BSA E-Filing System. The report will replace the most recent FinCEN Form 107. The new report, for all money services businesses (MSBs), facilitates registration by foreign-located MSBs and providers of prepaid access. It is only available electronically. The legacy FinCEN Form 107 does not accommodate electronic filings by foreign-located money service businesses and providers of prepaid access. With the availability of the new report, foreign-located MSBs and providers of prepaid access must file the new RMSB electronically within the compliance deadlines. All other MSBs may continue to file the legacy FinCEN Form 107 as required by FinCEN until March 31, 2013. The issuance of the new RMSB does not change any underlying registration requirements or timing for renewals of a registration …
  • WASHINGTON (3/15/12)--Small Business Person of the Year winners from 50 states, the District of Columbia, Puerto Rico, and Guam will converge on Washington, D.C. in May, when one will be selected as National Small Business Person of the Year during the U.S. Small Business Administration's (SBA) celebration of National Small Business Week, May 20-26. While in D.C., the winners will meet with administration officials, congressional representatives and national business leaders. National Small Business Week is cosponsored by the SCORE Association as well as numerous corporate and trade sponsors to be announced, said SBA. Participants also will be recognized for their involvement in disaster recovery and government contracting, and their support for small businesses and entrepreneurship. Awards will be presented to SBA partners in financial and entrepreneurial development, including the year's top SCORE Chapter, Small Business Development Center and Women's Business Center …
  • WASHINGTON (3/15/12)--The Federal Reserve Board on Wednesday launched its official Twitter channel--@federalreserve--with the aim of increasing the accessibility and availability of Federal Reserve Board news. The Fed's website will remain the board's primary channel of communication. Selected announcements will be tweeted after they are posted on the website. To start, tweets will include items such as press releases, speeches, testimony, reports to Congress, the Monthly Report on Credit and Liquidity Programs and the Balance Sheet, and the Federal Reserve's weekly balance sheet. The Fed also will tweet about educational frequently asked questions and board video links ...


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