{
  "body_html": "<h2>MSB Registration, Licensure, and Periodic Filings</h2>\n<p>Rapido Facil Exchange Co. holds a FinCEN MSB registration and a Part III, Chapter 560, Florida Statutes license issued by the Florida Office of Financial Regulation (OFR). These are separate obligations. Meeting one does not satisfy the other.</p>\n<p>Both the FinCEN registration and the OFR license renew on two-year cycles. The BSA/AML Compliance Officer tracks each expiration date separately and initiates each renewal no later than 90 days before it expires. A lapsed FinCEN registration makes Rapido Facil Exchange Co. unlicensed at the federal level. A lapsed OFR license constitutes unlicensed money services activity and exposes Rapido Facil Exchange Co. to civil penalties and suspension of operations.</p>\n<p>Before using any fictitious name in business, Rapido Facil Exchange Co. must register it with OFR. Operating under an unregistered fictitious name violates the OFR license conditions. Rapido Facil Exchange Co. must display the OFR-issued license conspicuously at each licensed location.</p>\n<p>Each year, the BSA/AML Compliance Officer completes and files the annual security device calculation form with OFR. This form documents the asset values used to satisfy the security device requirement for the current license period.</p>\n<p>Rapido Facil Exchange Co. files quarterly activity reports with OFR through the REAL System. Reports are due within 45 days after the close of each calendar quarter. Late reports are a regulatory violation and may result in penalties. Each report must include transaction volume and count by service type, check cashing transaction totals, and any additional data fields OFR specifies for that period. All reports are submitted electronically through the REAL System. Rapido Facil Exchange Co. does not submit paper filings.</p>\n<p>The BSA/AML Compliance Officer reviews and certifies each quarterly report before submission. Certification affirms that all reported information is truthful and accurate. This creates direct personal accountability for the accuracy of the filed data. The BSA/AML Compliance Officer retains filed quarterly reports according to the recordkeeping schedule in this program.</p>",
  "narration_text": "Rapido Facil Exchange Co. holds a FinCEN MSB registration and a Part III, Chapter 560, Florida Statutes license issued by the Florida Office of Financial Regulation (OFR). These are separate obligations. Meeting one does not satisfy the other.\r\n\r\nBoth the FinCEN registration and the OFR license renew on two-year cycles. The BSA/AML Compliance Officer tracks each expiration date separately and initiates each renewal no later than 90 days before it expires. A lapsed FinCEN registration makes Rapido Facil Exchange Co. unlicensed at the federal level. A lapsed OFR license constitutes unlicensed money services activity and exposes Rapido Facil Exchange Co. to civil penalties and suspension of operations.\r\n\r\nBefore using any fictitious name in business, Rapido Facil Exchange Co. must register it with OFR. Operating under an unregistered fictitious name violates the OFR license conditions. Rapido Facil Exchange Co. must display the OFR-issued license conspicuously at each licensed location.\r\n\r\nEach year, the BSA/AML Compliance Officer completes and files the annual security device calculation form with OFR. This form documents the asset values used to satisfy the security device requirement for the current license period.\r\n\r\nRapido Facil Exchange Co. files quarterly activity reports with OFR through the REAL System. Reports are due within 45 days after the close of each calendar quarter. Late reports are a regulatory violation and may result in penalties. Each report must include transaction volume and count by service type, check cashing transaction totals, and any additional data fields OFR specifies for that period. All reports are submitted electronically through the REAL System. Rapido Facil Exchange Co. does not submit paper filings.\r\n\r\nThe BSA/AML Compliance Officer reviews and certifies each quarterly report before submission. Certification affirms that all reported information is truthful and accurate. This creates direct personal accountability for the accuracy of the filed data. The BSA/AML Compliance Officer retains filed quarterly reports according to the recordkeeping schedule in this program."
}