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Legal & Compliance  /  Financial & Compliance

FinCEN / Money Services Business (MSB) Disclosure

Effective October 1, 2026Last updated October 1, 2026Contact compliance@drivemilli.com

1. MSB Status

Milli is not currently registered with FinCEN as a Money Services Business. Milli is a financial technology company that provides software, analytics, and access to financial products offered by licensed partners. Milli does not accept, hold, or transmit customer funds in its own name.

2. How Money Movement Works

Where Milli features involve moving or holding money, such as Milli Tax Vault reserves, quarterly tax payments, or Milli Elite Card transactions, those services are provided by a federally regulated partner bank and its payment processors. Your funds are held and moved by those institutions, which maintain their own licenses, registrations, and BSA/AML programs. The partner institution will be identified to you before you enroll.

3. State Money Transmitter Licenses

Milli does not currently hold state money transmitter licenses, because money transmission is performed by our licensed partner institutions. See our State Regulatory Licenses page for current status by state.

4. Future Changes

If Milli's activities change in a way that requires MSB registration or state licensing, Milli will obtain the required registration and licenses before offering those services and will update this page with registration details.

5. Compliance Program

Milli maintains a BSA/AML compliance program as described in our FinCEN Compliance Statement. Questions: compliance@drivemilli.com.

© 2026 Milli. All rights reserved. Questions about this document can be sent to support@drivemilli.com.

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Milli is not a bank, broker, or licensed financial advisor. Milli is not FDIC insured and does not hold customer funds or offer deposit accounts. For informational purposes only. Milli is a tax preparation platform operated by an IRS-credentialed tax preparer, with IRS preparer credentials and IRS e-file credentials in place. Automatic Annual Tax Filing is available for Elite members; Electronic filing is available through Milli. Tax Vault, quarterly estimates, and Tax Ready Score are automation and calculation tools. Milli AI is not a licensed CPA, attorney, or enrolled agent; AI guidance is informational and not tax advice, and Milli has no financial interest in any product it mentions. Tree of Life, Milli Cents, and retirement and investing tools provide estimates and planning insight, not financial advice. Investing involves risk, including loss of principal. Milli is not a registered investment adviser or broker-dealer. Tax rules vary; consult a licensed professional for personalized advice. See our Financial Disclaimer, FDIC Disclosure, and Conflict of Interest & AI Disclaimer.