MSB newsletter, Issue 1 (Jan.- Mar. 2006)

January March 2006, Issue #1

This Newsletter is a quarterly publication containing topics of interest to the categories of MSBs regulated by the Georgia Department of Banking and Finance. We hope that you will find this publication to be informative and valuable for providing information about the issues affecting your industry. If there are any issues you would like for the Department to highlight or address in future editions, please e-mail your questions or suggestions to dbfcorp@dbf.state.ga.us.
IN THE NEWS
FinCEN Releases Issue 9 of "The SAR Activity Review"
The Financial Crimes Enforcement Network (FinCEN) has issued the October 2005 edition of The SAR Activity Review - Trends, Tips & Issues. This publication provides useful information about the preparation, use, and value of Suspicious Activity Reports filed by financial institutions. Issue 9 is the second of three issues published in 2005. This edition identifies current trends in the securities and futures industries, as well as examines the emergence of the "Computer Intrusion" violation amongst depository institutions. Additionally, this issue provides guidance on disseminating Suspicious Activity Reports to law enforcement as well as tips on completing Suspicious Activity Reports.
Topics discussed in this issue are: Section 1: Director's Forum; Section 2: Trends and Analysis - Suspicious Activity Reports related to computer intrusion and Suspicious Activity Report filing trends in the securities and futures industries; Section 3: Law Enforcement Cases - summaries of Suspicious Activity Reports used in criminal investigations; Section 4: Tips on Form Preparation and Filing the top questions received by FinCEN's Regulatory Helpline related to proper preparation of Suspicious Activity Reports; Section 5: Issues and Guidance - guidance for providing Suspicious Activity Reports to appropriate law enforcement entities; Section 6: Industry Forum - insight from one of our industry partners about the impact of the USA PATRIOT Act on the securities industry; Section 7: Industry Feedback form.
You may access the publication at: http://www.fincen.gov/sarreviewissue9.pdf.

In This Issue:

FinCEN Releases Issue 9 1 of The SAR Activity Review

FinCEN Notice to

2

Registered MSBs:

Registration Renewal

Deadline

Department

2

Reorganization Plans

Action on Applications

3

for the Previous Quarter

Department Contact

7

Information

FinCEN Notice to Registered Money Services Businesses (MSBs):
Registration Renewal Deadline for Certain Money Services Businesses is December 31, 2005
December 13, 2005
If your business is registered with FinCEN as an MSB, and you have continued to operate as an MSB, you must renew your registration every two years by December 31.
If you last renewed your registration in 2003 and you have continued to operate as a money services business, you must renew your registration again by December 31, 2005.
If you initially registered on any date in 2004 and you have continued to operate as a money services business, you are required to renew your registration by December 31, 2005.
To renew your money services business registration, you must complete FinCEN Form 107, Registration of Money Services Business, check Item 2-b (Renewal) on the form and mail it to the Internal Revenue Service Detroit Computing Center. You may obtain copies of FinCEN Form 107 from http://www.msb.gov.
Go to http://www.msb.gov/new/index.html for the full text of the FinCEN Notice and to view other new materials related to MSBs.
REGULATORY MATTERS AND IMPORTANT INFORMATION
Reorganization Plans: Promoting Effectiveness and Efficiency
The Department has made several organizational changes to ensure that we are maximizing our resources while remaining as effective and efficient as possible. With those goals in mind, the following changes took place effective January 1, 2006:
Corporate Division Functions: Corporate is no longer a separate division. The financial institution's applications, registration, and chartering functions now fall under the Supervision Division. With this structural change Corporate Manager Murali Ramachandran reports directly to Director for Supervision Bob Rosentreter.
The Money Services Businesses (MSBs) functions of the Department now fall under the Mortgage Division. The Mortgage Division's name has been changed to Non-Depository Financial Institutions Division. Supervisory Manager for MSBs Joel Byers continues to have Administrative Examiner Tervenia Mitchiner and Applications Analyst Susan Nelson as support staff in the licensing and regulation of MSBs. Joel's direct supervisor is now Director for Mortgage Licensing Melinda Kinard. Melinda's title has been changed to Director of Money Service Businesses and Mortgage Licensing. Rod Carnes' new title is Deputy Commissioner for Non-Depository Financial Institutions.
With the above changes, Director for Corporate Affairs and Strategic Initiatives Carol Webb is no longer supervising Corporate and MSB functions; therefore, her duties have changed significantly. Her new title is Director of Communications and Planning. Carol's primary duties include overseeing the Department's website; coordinating e-commerce initiatives; preparing and/or coordinating external publications; reviewing and compiling examination survey reports; coordinating our employee survey process; overseeing and coordinating all business resumption and emergency preparedness procedures and plans; tracking/monitoring Georgia legislation that may affect the Department or the entities it regulates; coordinating strategic and business planning; and
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coordinating any marketing efforts of the Department. Senior Deputy Commissioner George Reynolds remains Carol's direct supervisor.
Other Divisions or Functions Impacted: Administrative Assistant Susan Brown is now the Commissioner's and Senior Deputy Commissioner's Administrative Assistant and also provide secondary support to the Legal and Consumer Affairs Division (LCA).
In all of this, two positions (Supervisory Manager for Mortgage Licensing and Executive Assistant) have been eliminated. The duties of these two positions are being absorbed by existing personnel.

ACTION ON APPLICATIONS DURING THE PREVIOUS QUARTER
APPROVED CHECK CASHERS

LICNUM NAME
20862 L & S Enterprises, Inc. 20884 Richards, Angelina M. 20896 A-1 Enterprises, Inc. 20894 Chen, Jen Kuei 20895 Georgia Distributor, Inc. 20892 S & K Mega Enterprise, Inc. 20907 Issak, Thomas 20905 Nina Group, Inc. 20912 Chang Chun, Inc. 20911 Noble Associates, LLC 20915 Buena Vista Package, Inc. 20914 Shamrock Beverage, Inc. 20920 The Right Stuff Food Stores, Inc. 20922 Patel, Tarun C. 20933 Jessica & Kimberly, Inc. 20935 BJ Package, Inc. 20934 Empresas Garcia, LLC 20936 Envios Rio Grande, Inc. 20944 John Giant, Inc. 20942 ORO Cleaners, Inc. 20956 Club Holdings, Inc. 20955 Meekajay, Inc. 20961 Mithson Enterprises, LLC 20965 Russell, Sylvia S.

DBA
Young's Market Jelas Tax Service Don's Superette Asia Communications Two Guys Package Store Citgo Quik Mart Marathon Food Mart Shopper's Market III Paul's IGA Supermarket Citgo Food Mart Buena Vista Package Shamrock Beverage Mart The Right Stuff Food Stores Haries #5 Bubba's Supermarket Brownville Package Empresas Garcia Envios Rio Grande Toco Giant Package ORO Check Cashing Club Holdings BP Gas Texaco Food Mart Buena Vista Services

CITY

ST APPROVED

Lithonia

GA

10/03/05

Gainesville

GA

10/14/05

Covington

GA

10/20/05

Doraville

GA

10/20/05

Chamblee

GA

10/20/05

Lawrenceville

GA

10/20/05

Atlanta

GA

10/21/05

Atlanta

GA

10/21/05

Augusta

GA

10/25/05

Fairburn

GA

10/25/05

Columbus

GA

10/27/05

Dublin

GA

10/27/05

Atlanta

GA

10/27/05

Port Wentworth GA

10/28/05

Atlanta

GA

10/31/05

Powder Springs GA

11/03/05

Baldwin

GA

11/03/05

Norcross

GA

11/04/05

Atlanta

GA

11/08/05

Norcross

GA

11/08/05

Millen

GA

11/15/05

LaGrange

GA

11/15/05

Gainesville

GA

11/15/05

Buena Vista

GA

11/15/05

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LICNUM NAME
20959 Wilson, Albert Carlyes 20972 Yi, Inc. 20983 Raphia, Inc. 20984 Yim, Hyun J. 20999 Jay Visat, Inc. 21002 Madhu Katen Corporation 21003 Shree Gogaji, Inc. 21005 Albany Financial Services, Inc. 20981 BFC Transactions, Inc. 21022 Dhanani Enterprises, Inc. 21021 Patel, Bipinchandra 21020 Prince Blessings, Inc. 21039 Fidai Blessings, Inc. 21038 Global Communications Network, Inc. 21037 Jay-Ria, Inc. 21052 American Pawn and Sporting Goods, Inc. 21050 Anderson, T. Lane 21049 Jay Bhawani, Inc. 21051 R.J. Food Mart, Inc. 21054 Atlanta Check Cashing, LLC 21053 Munish Enterprises, Inc. 21067 Umiya Enterprises, Inc. 21076 Kemin Enterprises, Inc. 21069 Woo Check Cashing, Inc. 21098 D&J Valdosta Corporation 21099 JKM Enterprises, LLC 21095 Saveh Enterprise, Inc.

DBA
Conley Package Store Charlie's Beer & Wine Griffin Farmer's Market Ace Package Store AB Food MK Food Mart #1 Crest Liquor Albany Check Casher H&R Block Ellington Shell Food Mart Chapman's Shoppette Shell Foodmart Chevron Foodmart Global Communications Network Cartons & Cases Chatsworth Pawn and Sporting Goods Loan Depot Diya Foods R.J. Food Mart Atlanta Check Cashing Fast Trip T&J Country Store Pig Jig Mart/El Cheapo Woo Check Cashing Meet Food Mart Mr. Payroll #3 Money Market Express

CITY
Conley Marietta Griffin Hapeville Valdosta Valdosta Hapeville Albany Kansas City Covington Cedartown Sugar Hill Snellville Moultrie Dublin Chatsworth LaGrange Americus Lake Park Norcross Jonesboro Ochlocknee Vienna Norcross Valdosta Macon Marietta

ST APPROVED

GA

11/15/05

GA

11/17/05

GA

11/23/05

GA

11/23/05

GA

12/02/05

GA

12/02/05

GA

12/02/05

GA

12/05/05

MO

12/06/05

GA

12/08/05

GA

12/08/05

GA

12/08/05

GA

12/13/05

GA

12/13/05

GA

12/13/05

GA

12/19/05

GA

12/19/05

GA

12/19/05

GA

12/19/05

GA

12/20/05

GA

12/20/05

GA

12/22/05

GA

12/23/05

GA

12/23/05

GA

12/30/05

GA

12/30/05

GA

12/30/05

EXPIRED CHECK CASHER LICENSES AND REGISTRATIONS
The following Georgia check cashing licenses and registrations expired on 9/30/2005; therefore, these persons or corporations are no longer authorized to cash checks for a fee in Georgia. It is a criminal violation, subject to monetary fines and/or imprisonment (O.C.G.A. Section 7-1-708), to cash checks for a fee in Georgia without being properly licensed or exempted by the Department. If you choose to continue cashing checks in Georgia for a fee, you must comply with Chapter 7-1, Article 4A of the Official Code of Georgia, Annotated.

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NAME A&A Package Shop, Inc. Alex Supermarket, Inc. ATF, LLC B & W Supermarket, Inc. Bluesky International, Inc. Bok Yim Brown, Freddie Cash 4 U Pawn Cash Atlanta, Inc. Chaudhry & Sons, Inc. Check Exchange, LLC Check King, LLC Choice Financial Services, Inc. Currency Services, Inc. Devum, Inc. DH Trading, Inc.
Dixon Financial Services EK Financial Services, LLC G&S Check Cashing, Inc. Garza Company LLC Global, LLC Gul & Sons Corp. Huh, Daeyoung InProces Mobile, LLC
JTN Group, Inc. Kim, Byong C.
Kim, Jong H. KSN Group, Inc. Lakewood Avenue Pawn Shop, Inc. Lee, Mi Bok Moon S. Kim Morales, Juan A.
Narayan Swaroop Corporation New Millennium Financials, Inc. NNM, LLC

DBA Bob's Package Shop Alex Supermarket ATF B & W Supermarket Express Checkcashing Central Super Market Brown's Enterprise Cash 4 U Pawn Wesley Chapel Check Cashers Texaco Food Mart Check Exchange Check King Cash A Check Currency Services, Inc. Amoco Food Shop #2 Ja Way Market Sumter Check Cashing and Title Pawn EK Financial Services G&S Check Cashing Deportes Garza Global Check Cashing Amoco Food Mart H.J. Check Cashing InProces Mobile
JTN Group Super Check Cash
JK Checks Cashed Old South Package Candler Road Pawn Shop Lee's Check Cashing Oasis Food Mart Morales Income Tax
Locust Grove Exxon Check Cashers Amigo Cambio De Cheques

ADDRESS 1951 Highway 441 S. 644 Ashby Street 6070 South Norcross Tucker Road 2225 Glenwood Avenue, SE 5345-C Jimmy Carter Boulevard 409 N. Central Avenue 1964 Olive Road 3079-B Highway 34 East 2566 A Wesley Chapel Road 1860 Atlanta Highway 75 North Grove Street, Suite C 820 Morrow Road 210 Forest Parkway 314-B Mall Boulevard 4739 Houston Road 7101 Swift Street
108 E. Forsyth Street 248 East Crogan Street 1833 Hollywood Road 238 Atlanta Highway, Suite B 4166 Plaza Fiesta, Suite 1027 6380 Peachtree Industrial Boulevard 1500 Browns Bridge Road 605 Plantation Drive 4975 Jimmy Carter Boulevard, Suite 100 3330 Buford Highway 4975 Jimmy Carter Boulevard, Suite 420 365 Cleveland Avenue SW 1890 Candler Road 3045 Buford Highway NE, Suite B 1176 Chattahoochee Avenue, NW 709 5th Avenue
4621 Bill Gardner Parkway 427-B Smith Avenue 6070 S. Norcross Tucker Road

CITY Dublin Atlanta Norcross Atlanta Norcross Hapeville Augusta Newnan Decatur Gainesville Dahlonega Forest Park Forest Park Savannah Macon Lithonia
Americus Lawrenceville Atlanta Cumming Atlanta Doraville Gainesville Lithia Springs
Norcross Atlanta
Norcross Atlanta Decatur Atlanta Atlanta Dalton
Locust Grove Thomasville Norcross

ZIPCODE 31021 30318 30093 30316 30093 30354 30906 30265 30035 30504 30533 30297 30297 31406 31216 30058
31709 30046 30003 30040 30345 30340 30501 30122
30093 30329
30093 30315 30032 30329 30318 30721 302482437 31792 30093

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NAME Omega Gems & Electronics, Inc.
Peddler Pawn, Inc. Q. M. Management, Inc. Ramirez, Victor Replete, Inc. River Park Property Management, Inc. Ro, Eun Sik S.M.R. Investment, Inc. Sakkar, Inc. Sevak Corporation
Smyrna's U. S. A., Inc. Soteria Services, Inc. Southeast Air Vac, Inc. Speedy Cash of Jacksonville, Inc. Strong Enterprises, Inc. Teh Yung, Inc. United Business Group, Inc. Yee, Eun Sil Yim, Byong Nam

DBA E-Z Check Cashing
Peddler Pawn Albany Check Cashers Carniceria Loa #3 Lakewood Check Cashing
Two Guys Package Store Century Cellular & Check Cashing Olympic Package Store Chevron 155 Super Mart
Oasis Package Store International Check Cashing Bull & Derenne Check Cashing Speedy Cash Strong Enterprises Moreland Package Store Amoco Food Shop College Inn Liquor Jasper's Enterprise

ADDRESS 6075-C Singleton Road
1752 Watson Boulevard 135 N. Slappey Boulevard 801 E. Walnut Avenue 1959 Lakewood Ave
5420 Peachtree Industrial Boulevard 5345 Floyd Road, Suite L 4244 Peachtree Rd. 6590 Broad Street 908 Highway 155 South
3181 South Cobb Drive, SE 5193 Peachtree Industrial Boulevard 2 West Derenne 801 Knight Avenue 1728-A Campbellton Road 15 Moreland Avenue 245 Memorial Drive 2683 East College Avenue 2212 Salem Road, SE

CITY Norcross Warner Robins Albany Dalton Atlanta
Chamblee Mableton Atlanta Douglasville McDonough
Smyrna Chamblee Savannah Waycross Atlanta Atlanta Atlanta Decatur Conyers

ZIPCODE 30093
31093 31707 30721 30315
30341 30126 30319 09032 30253 300804113 30341 31405 31501 30311 30316 30312 30030 30013

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Department Contact Information

NAME
Melinda Kinard, Director of Money Service Businesses and Mortgage Licensing
Joel Byers, Supervisory Manager - Money Service Businesses (MSBs)
Tervenia Mitchiner, Assistant Financial Examiner
Susan Nelson, Applications Analyst

E-MAIL ADDRESS

PHONE#

mkinard@dbf.state.ga.us 770-986-1649

byers@dbf.state.ga.us

770-986-1656

tervenia@dbf.state.ga.us nelson@dbf.state.ga.us

770-986-1639 770-986-1652

Mailing Address: Department of Banking and Finance 2990 Brandywine Road, Suite 200 Atlanta, GA 30341-5565
Website: http://www.gadbf.org
Phone & Fax Numbers: Phone: (770) 986-1633 or Toll Free: (888) 986-1633 Fax: (770) 986-1655 or 1029

E-MAILING THE DEPARTMENT
The Department would like to encourage you to correspond with us using e-mail. Providing written details in the e-mail regarding any questions or concerns you may have allows the Department to forward the request to the appropriate person who handles that area, and if sufficient details are provided in the request, that person can then more efficiently provide you an answer. The main Division e-mail address is dbfcorp@dbf.state.ga.us
In the event you still need additional information or you do not receive a timely response to your e-mail, please contact us by phone.

NOTE: This publication is delivered to interested parties via e-mail and is also available from the Department's website at: http://www.gadbf.org under Publications, Bulletins. If you would like to be added to our distribution list, please send an e-mail to dbfcorp@dbf.state.ga.us and indicate your name, the company you are with, license or registration # (if applicable), and phone number.
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