{
  "body_html": "<h2>MSB Registration, Licensure, and Periodic Filings</h2>\n<p>Rapido Facil Exchange Co. must keep two separate registrations active at all times. The first is a <strong>FinCEN registration</strong> — this is a federal requirement. The second is a <strong>Part III, Chapter 560, Florida Statutes license</strong> from the Florida Office of Financial Regulation, called the OFR. Renewing one does not renew the other. You must track both deadlines separately. Start each renewal at least <strong>90 days before</strong> it expires.</p>\n<p>If the FinCEN registration lapses, Rapido Facil Exchange Co. is operating without federal authorization. If the OFR license lapses, Rapido Facil Exchange Co. can face fines and must stop operations. Both outcomes are serious.</p>\n<p>If Rapido Facil Exchange Co. does business under any name other than its legal name, that name must be registered with OFR first. The OFR license must be displayed in a visible place at every licensed location.</p>\n<p><strong>Annual Security Device Form</strong></p>\n<p>Once a year, Rapido Facil Exchange Co. must complete a security device calculation form and file it with OFR. This form shows the asset values that satisfy the license requirement for that year.</p>\n<p><strong>Quarterly Activity Reports</strong></p>\n<p>Every three months, Rapido Facil Exchange Co. must file an activity report with OFR using the <strong>REAL System</strong> — no paper filings. Each report is due within <strong>45 days</strong> after the quarter ends. A late report is a violation and may result in penalties.</p>\n<p>Each report must include the number and dollar amount of transactions by service type, check cashing totals, and any other data OFR requires.</p>\n<p>As BSA/AML Compliance Officer, you must review and certify every report before it is submitted. Your certification means you are personally confirming the information is accurate. You are accountable for what is filed.</p>",
  "narration_text": "Rapido Facil Exchange Co. must keep two separate registrations active at all times. The first is a FinCEN registration — this is a federal requirement. The second is a Part III, Chapter 560, Florida Statutes license from the Florida Office of Financial Regulation, called the OFR. Renewing one does not renew the other. You must track both deadlines separately. Start each renewal at least 90 days before it expires.\r\n\r\nIf the FinCEN registration lapses, Rapido Facil Exchange Co. is operating without federal authorization. If the OFR license lapses, Rapido Facil Exchange Co. can face fines and must stop operations. Both outcomes are serious.\r\n\r\nIf Rapido Facil Exchange Co. does business under any name other than its legal name, that name must be registered with OFR first. The OFR license must be displayed in a visible place at every licensed location.\r\n\r\nAnnual Security Device Form\r\n\r\nOnce a year, Rapido Facil Exchange Co. must complete a security device calculation form and file it with OFR. This form shows the asset values that satisfy the license requirement for that year.\r\n\r\nQuarterly Activity Reports\r\n\r\nEvery three months, Rapido Facil Exchange Co. must file an activity report with OFR using the REAL System — no paper filings. Each report is due within 45 days after the quarter ends. A late report is a violation and may result in penalties.\r\n\r\nEach report must include the number and dollar amount of transactions by service type, check cashing totals, and any other data OFR requires.\r\n\r\nAs BSA/AML Compliance Officer, you must review and certify every report before it is submitted. Your certification means you are personally confirming the information is accurate. You are accountable for what is filed."
}