Quarterly MSB newsletter: quarterly summary of money service businesses activities for the period ending December 31, 2017

Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
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Inside this Issue:
NMLS Money 2 Services
Businesses Call Report and
4th Quarter 2017 Quarterly Reporting
Upcoming Atlanta 3 Check Cashing Classes
2018 State 3 Holidays
Contact Information 4
APPENDIX: MSB Activity by Current
License Status

2018 License Renewal Period Has Ended
The Annual License Renewal Period for 2018 has ended. A licensee that has submitted a renewal filing through the Nationwide Multistate Licensing System on or before December 31, 2017, can continue to work as an MSB unless and until there is a surrender/withdrawal of the license or a final order of denial or revocation is issued by the Department.
Renewal applicants with incomplete applications (e.g., unpaid fines/fees, license items) will be expired during the month of January 2018.
PENDING RENEWAL REQUESTS
Does your license have a renewal request pending? If so, please check your NMLS record for any deficiencies, or license items, placed by the Department. No renewal request will be approved with outstanding license items.
Many licensees that have not yet been approved owe fines and fees check your NMLS record to see if your renewal is being delayed due to unpaid fines and fees.
Fines and fees must be paid through the NMLS Agency Fee Invoice. Please visit the following link for information on how to pay the Agency Fee Invoice in NMLS: For a Company http://mortgage.nationwidelicensingsystem.org/licensees/resources/ LicenseeResources/Paying%20an%20Invoice_C.pdf

Forgot to Renew an MSB License?
If an MSB did not request renewal by December 31, 2017, the license expired by operation of law effective January 1, 2018, AND the licensee may not conduct MSB activity in Georgia. The licensee must submit a new application through the NMLS: http://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx? StateID=GA

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4th Quarter 2017

NMLS Money Services Businesses Call Report and 4th Quarter 2017 Quarterly Reporting
Quarterly reports on transactions that occurred between October 1, 2017, and December 31, 2017, are now due. The Department adopted the NMLS Money Services Businesses Call Report (MSBCR) functionality for submission of routine financial and transactional reporting requirements by Seller of Payment Instrument and Money Transmitter Licensees.
The NMLS MSBCR is a mandatory filing for Seller of Payment Instrument and Money Transmitter Licensees and is due 45 days after the quarter end (February 14, 2018). Licensees should follow the instructions and directions provided by NMLS for completing the MSBCR requirement, in addition to updating the Uniform Authorized Agent Report (UAAR). Even if you have nothing to report, you must complete the MSBCR and the UAAR in NMLS.
All updates and resources pertaining to the MSBCR will be posted on the MSB Call Report page on the NMLS Resource Center. Likewise, the Department will continue to communicate with its licensees for reporting requirements outside of NMLS. Questions regarding the MSBCR or the UAAR should be directed to the NMLS Call Center at 1-855-NMLS-123 (1-855-665-7123).
In addition to the reporting through NMLS, licensees must also submit Average Daily Balance of Outstandings directly to the Department, outside of the NMLS, through the existing webform.
Please complete and submit all reports by February 14, 2018.
Licensees that fail to file all required reports by the deadline will be assessed a fine of $1,000 and may subject their Georgia license to revocation.
If you have additional questions, please e-mail the Department's MSB Section at msb@dbf.state.ga.us.

COMMONLY USED ACRONYMS

CC -- Check Casher License Department -- Ga. Department of Banking and Finance ESB -- Electronic Surety Bond MSB -- Money Services Business MSBCR -- Money Services Businesses Call Report

MT -- Money Transmitter License NMLS or NMLSR -- Nationwide Multistate Licensing System & Registry O.C.G.A. -- Official Code of Georgia Annotated
SPI -- Seller of Payment Instruments License
UAAR -- Uniform Authorized Agent Report

4th Quarter 2017

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Upcoming Atlanta Check Cashing Class
The Department offers a check cashing class that benefits first-time and experienced check cashers. These classes generally last about an hour. 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 ("AML") requirements. 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 classes are limited to a maximum of seven attendees, so you must make an advance reservation by calling 770-986-1652 or emailing msb@dbf.state.ga.us. Reserve your seat now! We look forward to seeing you.
Upcoming Atlanta Check Casher Class* March 8, 2018, 10:00 AM June 6, 2018, 10:00 AM
September 5, 2018, 10:00 AM December 5, 2018, 10:00 AM
* Please note that the class schedule is subject to change

2018 State Holidays
Please refer to the following document link -- http://team.georgia.gov/wp-content/uploads/2017/07/2018-StateHolidays-memo-07.12.17.pdf -- for a list of the dates in 2018 proclaimed by the Governor as public and legal state holidays when the Capitol and all State agencies will be closed.

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4th Quarter 2017

Department Contact Information
NAME Fernando Ornelas, Supervisory Examiner Ana Contreras, Financial Examiner Byron Larios, Senior Assistant Financial Examiner

E-MAIL ADDRESS fornelas@dbf.state.ga.us acontreras@dbf.state.ga.us blarios@dbf.state.ga.us

PHONE# (770) 986-1313 (770) 986-1652 (770) 986-1639

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 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.

4th Quarter 2017
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

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The Department is the state agency that regulates and examines Georgia statechartered banks, state-chartered credit unions, and state-chartered trust companies. The Department also has responsibility for the supervision, regulation, and examination of Merchant Acquirer Limited Purpose Banks (MALPBs) chartered in Georgia.
In addition, the Department has regulatory and/or licensing authority over mortgage brokers, lenders and processors, mortgage loan originators, check cashers, sellersissuers of payment instruments, money transmitters, 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 a willing and able partner with our regulated entities in order to support vibrant economic growth and prosperity in Georgia.

Sign-up to Receive this Publication
This quarterly publication highlights topics and activities pertaining to the Department's regulation of state-licensed Money Service Businesses (MSBs). Notification is delivered to interested parties via e-mail. Licensee primary contacts are automatically subscribed to receive Department publications appropriate to their particular industry.
If you would like to be added to our distribution list, please go to our homepage (dbf.georgia.gov) and look for the Stay Connected e-mail subscription box. This will take you to our new subscription service provided by GovDelivery (also known as Granicus). Notifications regarding subscriptions will originate from Department of Banking and Finance GADBF@public.govdelivery.com.

APPENDIX

License Status Approved Denied Revoked Terminated Expired Terminated Ordered to Surrender
Terminated Surrendered/Cancelled

Definition
The entity has an Approved licens e.
The entity applied for a licens e and the reques t was Denied. The entity's licens e was Revoked and the entity is no longer authorized to conduct business.
The entity failed to renew. An entity has been ordered to s urrender their approved licens e. The entity is not authorized to conduct busines s. The entity has reques ted a s urrender/cancelation of their licens e and the regulator has granted this surrender/ cancelation request.

MSB ACTIVITY BY CURRENT LICENSE STATUS

GA Check Casher License

Approved
NMLS# License#

Company Name

1676332

58610

Singh Creative Inc

1658739

58816

Mahantam LLC

1674979

58555

DITYA 13 INC.

1673240

58688

VILLAGE SHOP FAST CASH LLC

1674998

58554

KRISHA AARVI INC.

1657590

58862

Packers Quickfill LLC

1687384

58978

HEER & RIDDHI LLC

1688150

59081

HARZAND CHECK CASHING INC.

1700817

59640

Barnard & Wells, Inc.

1690217

59082

LUCKY PRIME LLC

Date 10/20/2017 11/03/2017 11/03/2017 11/03/2017 11/03/2017 12/06/2017 12/11/2017 12/11/2017 12/15/2017 12/21/2017

City Palmetto atlanta ABBEVILLE KENNESAW ROCHELLE MOULTRIE AUGUSTA Decatur Bainbridge DECATUR

State GA GA GA GA GA GA GA GA GA GA

10

Terminated - Surrendered/Cancelled

NMLS# License#

Company Name

1039155

23421

Pilot Travel Centers LLC

Date 11/22/2017

City Knoxville

State TN

1
GA Money Transmitter License

Approved
NMLS# License#

Company Name

1513565

57548

Doxo, Inc.

Date 11/20/2017

City Seattle

State WA

Appendix 1 of 2

1

Terminated - Expired
NMLS# License#

1458102

51216

WI-PAY GLOBAL LLC

Company Name

1

Terminated - Surrendered/Cancelled

NMLS# License#

Company Name

915912

18796

Sigue Corporation

917447

48131

Commonwealth Foreign Exchange, Inc.

1351219

48166

TransferWise Inc.

3
GA Seller of Payment Instruments License

Approved
NMLS# License#

Company Name

1550212

56967

MSB USA Inc.

915912

18796

Sigue Corporation

917447

48131

Commonwealth Foreign Exchange, Inc.

1623952

57318

VTNGLOBAL, INC.

1496848

59343

BitPay, Inc.

1351219

48166

TransferWise Inc.

1463796

51125

Regent Customer Care, LLC

7

Date 10/18/2017

City NEWARK

State NJ

Date 11/02/2017 11/02/2017 12/15/2017

City Sylmar Providence New York

State CA RI NY

Date 10/12/2017 11/02/2017 11/02/2017 11/20/2017 12/11/2017 12/15/2017 12/18/2017

City Atlanta Sylmar Providence LAUREL Alpharetta New York Ruston

State GA CA RI MD GA NY LA

Appendix 2 of 2