Heh, and thats the easy part!
You also need to do the following, just off the top of my head:
- Quarterly audits that you pay for
- Every 6 weeks you need a verified and updated AML Program
- Attend BSA training twice a year
- Bend over backwards and get anally raped every day....
Oh, you also need at least two people, right?
IIRC, every MSB requires a compliance/risk officer, who is separate from the person(s) handling money day-to-day.