Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division Quarterly Summary of Money Service Businesses Activities MonthflyorSutmhmeaPryeorfioMdorEtgnadgeinAgctiMvitaiercs hfo3r 1th,e2P0e1ri4od Ending April 2007 Inside this Issue: Upcoming Check 2 Cashing Classes (continued) Upcoming 2014 2 State Holidays Check Casher 3 Activity for the 4th Quarter Check Seller / 4 Money Transmitter Activity for the 4th Quarter Administrative 5 Actions Contact Information 5 Fingerprint Background Checks Process Change The Department reviews criminal background checks on all owners of 10% or greater and other control persons of Georgia seller of check and money transmitter licensees prior to approval of a new application or change request. Individuals that reside in Georgia are required to have their fingerprint background checks processed at a GAPS location but must first contact the Department to be registered to do so. For out-of-state individuals, the Department will no longer process fingerprint cards inhouse; rather, out-of-state individuals will be required to submit fingerprint cards directly to 3M Cogent. Please note that the Department has updated its forms and website about change in procedure. Current instructions regarding fingerprinting can be found for sellers of checks at http://dbf.georgia.gov/documents/fingerprint-background-check-servicesgaps. Upcoming Check Cashing Classes During 2014, the Department will continue to hold a class at its main office every other month that is open to all check cashers. The class benefits first-time check cashers and veteran check cashers. Classes are scheduled on Tuesdays at 10:00 a.m. and generally last about an hour and a half. There is no cost for the class and it is a great way to learn about Georgia law, Department regulations, the Bank Secrecy Act (BSA) and Anti-Money Laundering requirements. During examinations, those who have attended the class have stated that the knowledge and information they gained helped prevent violations and avoid the (Continued on page 2) "Safeguarding Georgia's Financial Services" Page 2 1st Quarter 2014 Upcoming Check Cashing Classes (Continued from page 1) 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. Upcoming 2014 Check Casher Class Dates and Times* May 20th, 10:00 AM July 15th, 10:00 AM September 16th, 10:00 AM November 18th, 10:00 AM The classes are limited to a maximum of seven attendees, so you must make an advance reservation for a seat by calling 770-986-1639 or emailing tkoeppel@dbf.state.ga.us at least five days before the class is held. Reserve your seat NOW! We look forward to seeing you. * Please note that the class schedule is subject to change. Upcoming 2014 State Holidays Holiday Name Confederate Memorial Day Memorial Day Independence Day Labor Day Columbus Day Veterans' Day Thanksgiving Day Christmas Day Date Observed Saturday, April 26th Will be observed on Monday, April 28th Monday, May 26th Friday, July 4th Monday, September 1st Monday, October 13th Tuesday, November 11th Thursday, November 27th Lee's Birthday will be observed on Friday, November 28th Thursday, December 25th Washington's Birthday will be observed on Friday, December 26th 1st Quarter 2014 LICENSED AND REGISTERED CHECK CASHERS APPROVED OR REINSTATED DURING THE 1ST QUARTER OF 2014 Page 3 Page 4 1st Quarter 2014 LICENSED AND REGISTERED CHECK CASHERS APPROVED OR REINSTATED DURING 1ST QUARTER OF 2014 LICENSED AND REGISTERED CHECK CASHERS CLOSED DURING THE 1ST QUARTER OF 2014 LICENSED CHECK SELLERS AND MONEY TRANSMITTERS APPROVED OR REINSTATED DURING THE 1ST QUARTER OF 2014 1st Quarter 2014 ADMINISTRATIVE ACTIONS Page 5 Final Cease and Desist Orders Ingo Money, Inc., Roswell, GA - Order to Cease and Desist issued on 1/9/2014 became final on 3/18/2014. Department Contact Information NAME Teresa Koeppel, Administrative Examiner (Check Sellers/Money Transmitters, MSB Exams) Susan Nelson, Applications Analyst (Check Cashers) E-MAIL ADDRESS tkoeppel@dbf.state.ga.us PHONE# (770) 986-1639 nelson@dbf.state.ga.us (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 e-mail address changes. Please be sure that your e-mail account does not divert Department e-mail to your spam or junk folder. Page 6 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 1st Quarter 2014 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, international banking organizations, and bank holding companies conducting business in Georgia. Our MISSION is to promote safe, sound, competitive financial services in Georgia through innovative, responsive regulation and supervision. Our VISION is to be the best financial services industry regulator in the country Progressive. Proactive. Service-Oriented. We're on the Web! dbf.georgia.gov 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.