Quarterly MSB newsletter, Issue 2 (Apr.-June 2012)

Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
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Inside this Issue:
Semi-Annual 2 Reporting: Check Sellers and Money
Transmitters
Upgrades and 3 Downgrades of
Licenses or Registrations
FinCEN E-Filing 3 System
Upcoming Check 4 Cashing Classes
Department's New 4 Website to Launch
on July 13th

FY2013 Check Casher License / Registration Renewal
On June 29, 2012, the Department sent out check casher renewal notices VIA E-MAIL to existing licensees and registrants.
You must renew your license or registration online via the Department's secure website: https://bkgfin.dbf.state.ga.us/CCRenewal.html.
The due date for filing for renewal of your check cashing license or registration for FY2013 (October 1, 2012 to September 30, 2013) without incurring a late fee is August 1, 2012. Licensees and registrants that DO NOT wish to renew their license or registration can record this decision via the online renewal process.
Reminder regarding forms of payment: The Department accepts online renewal fee payment either by credit card or ACH. If you have a checking account, you can choose the ACH payment option. You will need the bank routing number and your checking account number to pay by ACH (see sample below):

Check Casher 5 Activity for the 2nd
Quarter
Check Seller / 7 Money Transmitter Activity for the 2nd
Quarter
Administrative 7 Actions
Upcoming State 7 Holidays

Contact Information 8

(Continued on page 2)

"Safeguarding Georgia's Financial Services"

Page 2

2nd Quarter 2012

FY2013 Check Casher License / Registration Renewal
If your renewal application is approved, you will receive an e-mail directing you to log in to the following secure website in order to retrieve and print your check cashing license or registration certificate: https:// bkgfin.dbf.state.ga.us/CCCERT2013.html.
If you did not receive the login information and online renewal requirements that the Department sent via e-mail on June 29th, please be sure that your e-mail account does not divert Department e-mail to your spam or junk folder and that you have the correct e-mail address on file with our Department. You may update your contact information online at: https://bkgfin.dbf.state.ga.us/MSBUpdate.html.
If you have questions regarding the license / registration renewal process, please contact Applications Analyst Susan Nelson via e-mail at nelson@dbf.state.ga.us.

Semi-Annual Reporting: Check Sellers and Money Transmitters
Semi-annual reports covering the period of January 1, 2012 through June 30, 2012, are now due for Check Seller and Money Transmitter licensees. These reports must be made by the licensee through the Department's on-line reporting system.
Passwords for accessing the online reporting system are e-mailed to the licensee's primary contact, per the Department's records. Please make certain that the e-mail we have on file for your company is correct. You may update your contact information online at: https://bkgfin.dbf.state.ga.us/MSBUpdate.html.
The online system for Check Seller Semi-Annual Reporting is found at: https://bkgfin.dbf.state.ga.us/CSSemiAnnualReport.html
The online system for Money Transmitter Semi-Annual Reporting is found at: https://bkgfin.dbf.state.ga.us/MTSemiAnnualReport.html
Licensees should ensure that the average outstanding checks and outstanding transactions are calculated correctly. Licensees must complete the semi-annual reporting by September 1, 2012. Any licensee not filing a report by that date may be subject to a fine, administrative action, or both.
NDFI Outreach AND UPCOMING SPEAKING ENGAGEMENTS
Deputy Commissioner for Non-Depository Financial Institutions Rod Carnes, Examiner Teresa Koeppel and Applications Analyst Susan Nelson will be attending the Money Service Business of Georgia annual meeting at the Gwinnett Center on August 23rd. Sign up for the event at: http://msbga2012.eventbrite.com/

2nd Quarter 2012

Page 3

Upgrades and Downgrades of Licenses or Registrations
Effective July 1, 2012, the Department now requires a new application and licensing fee for all requests to upgrade or downgrade any license type.
For example, a Check Casher Registrant that applies for an upgrade to a Full Service Check Casher License will have to complete and submit to the Department a Full Service Check Casher License Application, along with the $750 investigation and supervision fee, plus $50 for each additional location. Likewise, a Full Service Check Casher Licensee that would like to downgrade its license type to a Check Casher Registration will have to complete and submit to the Department a Check Casher Registration Application, along with the $300 investigation and registration fee.
Similarly, Sale of Check or Money Transmission Licensees that would like to change license type will have to complete and submit to the Department a new application and remit $2,250 for the application and investigation fee, and other fees as applicable.
Remember, all fees submitted to the Department in connection with any application are non-refundable.

Financial Crimes Enforcement Network E-Filing System
On February 24, 2012, the Financial Crimes Enforcement Network (FinCEN) announced that it was adopting a requirement that all financial institutions subject to Bank Secrecy Act (BSA) reporting use electronic filing (E-Filing) for certain FinCEN reports beginning no later than July 1, 2012. The E-Filing requirement is targeted at improving efficiency; reducing government and industry costs; and enhancing the ability of investigators, analysts, and examiners to gain better and more timely access to information.
BSA E-Filing, which is provided free of charge, offers streamlined BSA information submission; faster routing of information to law enforcement; greater data security and privacy compared with paper forms; long-term cost savings to institutions, individuals, and the government; and ensures compatibility with future versions of FinCEN reports.
As of July 1, 2012, FinCEN forms must be electronically filed (E-Filed). FinCEN will no longer accept most paper filings, and has allowed extensions and exemptions only in certain circumstances.
For more information about BSA E-Filing, please review the E-Filing Section on FinCEN's website. For technology-related questions specific to E-Filing, please contact the BSA E-Filing Help desk at 1-866-346-9478.

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2nd Quarter 2012

Upcoming Check Cashing Classes
Licensees and registrants are subject to examination by the Department at any time. Examiners will verify that the licensee or registrant is complying with applicable laws and regulations and may cite violations in the examination report and assess monetary fines for non-compliance. Violations were recently cited at two check cashers for not keeping records of checks that were cashed. Do you know what records you are supposed to keep by law or regulation?
Every other month the Department offers an introductory class on the MSB rules to all check cashers. There is no cost for the class. During examinations, those who have attended the class have stated that the knowledge and information they gained helped prevent violations and avoid the imposition of fines. As a further benefit, the Department provides a certificate of attendance that licensees may use as evidence of training received on BSA and Anti-Money Laundering.
The next check cashing classes to be held at the Department's main office are scheduled for Tuesday, July 17th at 10:00 a.m. and 1:00 p.m. The 10:00 a.m. class is full; however, there are seats available for the 1:00 p.m. class. We have also scheduled a class on Tuesday, September 11th at 10:00 a.m. Space is limited, so please be sure to make an advance reservation for a seat as soon as possible by emailing Teresa Koeppel at tkoeppel@dbf.state.ga.us We look forward to seeing you.

Department's New Website to Launch on July 13th
The Department's public website (http://dbf.georgia.gov/) will soon have a new look! This change was necessary as part of the State of Georgia's replacement of its existing website content management system / platform. The new system which will host state agency websites is intended to utilize more modern technology to increase citizen engagement and maximize functionality and overall usability.
Please be aware that when our new website launches on July 13th, pages on our existing website that you have previously bookmarked in your web browser may no longer work (i.e., you may get a "Page Not Found" message).
We encourage you to explore the new website to familiarize yourself with the new layout. We will be featuring short articles in future publications to offer "tips and tricks" for navigating and finding information on our website. Stay tuned!

2nd Quarter 2012

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LICENSED AND REGISTERED CHECK CASHERS APPROVED OR REINSTATED DURING THE 2ND QUARTER OF 2012

LIC/ REG# 11737 20556 34054 34147 34213 34215 34246 34199 34214 34251 34268 34269 34145 34267 34292 34293 34317 34320 34337 34266 34316 34347 34323 34364 34386 34423 34424 34447 34425 34448 34449 34427 34450 34451 34482 34483 34484 34498 34499 34532 34587 34626 34649 34703 34731 34732

CODE NAME L Shorty's Quik Stops, Inc. L Los Tres Compadres, Inc. R Avni, Inc. R Big E Z Wireless, Inc. L P&J Beverage Corp. R P&K Food Mart, LLC R Tienda Y Carniceria Rey David, LLC L West End Gold & Check Cashing, LLC L La Latina, Inc. R Smidel, Inc. L Kokil, Inc. R Jose Gabriel Murguia Manilla L RMA FoodMart, Inc. R Tony R. Griffin R Swami Ent., Inc. L Nishu, Inc. L Cash Finance, Inc. L JB Liquor Enterprise, LLC R Riana Enterprises, Inc. L Trish Corporation R Efrain Raya L Pawn Express of Newnan, Inc. R Cairo IGA, LLC R The Community Corner, LLC L Universal Foodmart, Inc. L Rohit, LLC L Marsha J. Smith L Ukani Sewani Inc. L Andy 222, Inc. R Agics Trading, Inc. R Supreme Hills, Inc. R Miselinda Agbaka R Aarav & Tanya, LLC L Eshvar Enterprises, Inc. R R & N Corporation R Omni M Corporation R Ocilla Liquor Store Inc. R Brunswick Finance Company of Glynn, Inc. R Jay Shree Maharaj Sales Corporation R Gregory Lorenzo Moore L Family Affairs Etc. LLC L Alpha Fuels, Inc. R 80 Quick Stop, Inc. L City Traders, Inc. L Sahilansh, Inc. L SW Mart, LLC

CITY Eastman Gainesville Albany Covington Columbus Tifton Warner Robins Atlanta Dalton Waynesboro Savannah Calhoun Winder Hoboken Toccoa Baxley LaGrange Clarkston Chamblee Savannah Moultrie Newnan Cairo Georgetown Gainesville McDonough Columbus College Park Hampton Jonesboro Richland Norcross Douglas East Point Ocilla Ocilla Ocilla Brunswick Tifton Tifton Douglasville Marietta Garden City Jonesboro Baldwin Atlanta

ORIGINAL ST APPROVAL REINSTATED GA 10/01/1996 04/03/2012 GA 06/30/2005 04/17/2012 GA 04/02/2012 GA 04/03/2012 GA 04/05/2012 GA 04/05/2012 GA 04/05/2012 GA 04/09/2012 GA 04/09/2012 GA 04/10/2012 GA 04/11/2012 GA 04/11/2012 GA 04/12/2012 GA 04/12/2012 GA 04/17/2012 GA 04/17/2012 GA 04/19/2012 GA 04/19/2012 GA 04/24/2012 GA 04/26/2012 GA 04/26/2012 GA 04/26/2012 GA 04/30/2012 GA 05/02/2012 GA 05/03/2012 GA 05/03/2012 GA 05/03/2012 GA 05/03/2012 GA 05/04/2012 GA 05/04/2012 GA 05/04/2012 GA 05/08/2012 GA 05/08/2012 GA 05/08/2012 GA 05/09/2012 GA 05/09/2012 GA 05/09/2012 GA 05/10/2012 GA 05/10/2012 GA 05/15/2012 GA 05/21/2012 GA 05/22/2012 GA 05/25/2012 GA 06/01/2012 GA 06/01/2012 GA 06/04/2012

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2nd Quarter 2012

LICENSED AND REGISTERED CHECK CASHERS APPROVED OR REINSTATED DURING THE 2ND QUARTER OF 2012

LIC/ REG# 34733 34748 34533 34760 34806 34825 34796 34797 34798 34807 34291 34873 34874 34875 34876 34894 34846 34903

CODE NAME L Keisook Enterprises, LLC R Thompson Financial Services, Inc. L Saher Investments, Inc. L 7-11-9 Gas & Food Mart, Inc. R La Michoacana1, LLC R Harisiddhi Bhavani Inc. R SV&Z Investment Inc. L Fast Pay LLC R Frans Financial Service, Inc. L Christopher Hayes R U. S. Food Mart, Inc. L Domimex Multi Service, LLC R Tommy's Package Store, Inc. L Gateway Amoco of Savannah, Inc. R Shree Jay Krishna Krupa Corporation R Iakwal, Inc. R TTC Accounting, LLC R Bhanumpai, Inc.

CITY Bloomingdale Manchester Marietta Warner Robins Lavonia Wadley Stone Mountain Atlanta Lawrenceville Macon Moultrie Duluth Moultrie Savannah Tifton Atlanta East Point Lyons

ORIGINAL ST APPROVAL REINSTATED GA 06/04/2012 GA 06/04/2012 GA 06/05/2012 GA 06/07/2012 GA 06/19/2012 GA 06/19/2012 GA 06/20/2012 GA 06/20/2012 GA 06/20/2012 GA 06/20/2012 GA 06/21/2012 GA 06/22/2012 GA 06/22/2012 GA 06/22/2012 GA 06/22/2012 GA 06/22/2012 GA 06/25/2012 GA 06/25/2012

TOTAL: 64

LICENSED AND REGISTERED CHECK CASHERS CLOSED DURING THE 2ND QUARTER OF 2012

LIC/ REG# 23437 23585 18468 21050 31314 31658 28874 33378 23970 31434 32273 33001 30881 29781 23268

CODE NAME RD Duluth Highway Shell RD Ayesha Enterprises, LLC LD Baik & Lee, CPA LD Loan Depot LD Arnest Enterprise, Inc. LD Sreekaran, Inc. RD Highway 11 Truckstop RD Garden City Snack N Go, Inc. LD Rumba Latina LD Eagle Star Business, Inc. LD Za-Su, Inc. RD Sadia Salim, Inc. LD AP National, LLC RD Tienda Hispana La Michoacana RD Krina & Chirag, Inc.

TOTAL: 15

CITY LAWRENCEVILLE PINE MOUNTAIN DULUTH LAGRANGE Chamblee Atlanta MONROE Garden City JONESBORO Marietta Warner Robins Milton Gainesville Lavonia MACON

ST CLOSED REVOKED GA 04/09/2012 GA 04/16/2012 GA 04/19/2012 GA 04/19/2012 GA 04/24/2012 GA 05/04/2012 GA 05/22/2012 GA 05/25/2012 GA 06/01/2012 GA 06/05/2012 GA 06/07/2012 GA 06/12/2012 GA 06/18/2012 GA 06/19/2012 GA 06/25/2012

2nd Quarter 2012

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LICENSED CHECK SELLERS AND MONEY TRANSMITTERS APPROVED DURING THE 2NDT QUARTER OF 2012

LIC# CODE NAME 33908 M Biller Services LLC

DBA

CITY San Francisco

ST APPROVAL CA 04/16/2012

LICENSED CHECK SELLERS AND MONEY TRANSMITTERS CLOSED DURING THE 2ND QUARTER OF 2012

LIC# CODE NAME 18947 MD ABC Money Transactions, Inc. 23794 MD BraxUSA, LLC

DBA

CITY Garden Grove KENNESAW

ST CLOSED REVOKED CA 06/12/2012 GA 06/28/2012

ADMINISTRATIVE ACTIONS
Saher Investments, Inc. DBA Eagle Star Business, Marietta, GA (license# 34533) - Consent Order issued 06/05/2012 became final 06/05/2012.
U. S. Food Mart, Inc. DBA U.S. Food Mart, Moultrie, GA (license# 34291) - Consent Order issued 06/18/2012 became final 06/18/2012.

Holiday Name
Labor Day Columbus Day

Upcoming State Holidays
Date Observed
September 3rd Monday October 8th Monday

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Department Contact Information

NAME Teresa Koeppel, Administrative Examiner
(Check Sellers/Money Transmitters, MSB Exams)

E-MAIL ADDRESS tkoeppel@dbf.state.ga.us

Susan Nelson, Applications Analyst (Check Cashers)

nelson@dbf.state.ga.us

2nd Quarter 2012
PHONE# (770) 986-1639 (770) 986-1652

Corresponding with the Department
When corresponding with the Department, e-mail communication is preferred. Providing written details in the email 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 included in the request, that person can then more efficiently provide you with an answer. The main Division e-mail address is msb@dbf.state.ga.us.
Since the Department's main method of communicating with licensees/registrants is via e-mail, it is very important that you supply the Department with a valid e-mail address and that you keep us informed if your email address changes. Please be sure that your e-mail account does not divert Department e-mail to your spam or junk folder.

2nd Quarter 2012
Georgia Department of Banking and Finance
2990 Brandywine Road Suite 200
Atlanta, Georgia 30341-5565
Phone: (770) 986-1633 Fax: (770) 986-1655 or 1029 Email: msb@dbf.state.ga.us
We're on the Web! dbf.georgia.gov

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The Department is the state agency that regulates and examines banks, credit unions, and trust companies chartered by the State. The Department also has regulatory and/or licensing authority over mortgage brokers/processors, lenders and loan originators, money service businesses, internaonal banking organizaons, and bank holding companies
conducng business in Georgia.
Our MISSION is to promote safe, sound, compeve financial services in Georgia through innovave, responsive regulaon and supervision.
Our VISION is to be the best financial services industry regulator in the country Progressive. Proacve. Service-Oriented.

Sign-up to Receive this Publication
This quarterly publication is delivered to interested parties via e-mail and is also available from the Department's website at: http://dbf.georgia.gov under Publications, MSB Newsletter. If you would like to be added to our distribution list, send an email to dbfpress@dbf.state.ga.us stating your name and e-mail address. Please be sure to include "Subscribe to MSB Newsletter" in the Subject line.