Quarterly MSB newsletter: quarterly summary of money service businesses activities for the period ending June 30, 2018

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 2nd
Quarter 2018 Quarterly Reporting
Upcoming 2018 2 State Holidays
Upcoming Atlanta 3 Check Cashing Classes
Upcoming Forsyth 3 Check Cashing Class
Upcoming Dalton 3 Check Cashing Class
Contact Information 4

Governor Deal signs House Bill 780
Governor Deal signed House Bill 780 into law on May 3, 2018, and its provisions went into effective immediately upon the Governor's signature. The bill was introduced by Representative Bruce Williamson at the request of the Department of Banking and Finance ("Department") and sponsored in the Senate by Senator John Kennedy. The bill revises statutory provisions governing most of the entities regulated by the Department banks, credit unions, trust companies, bank holding companies, money service businesses, and mortgage lenders and brokers as well as certain provisions addressing the Department's general powers.
Among other items, the bill:
1) eliminates the requirement of prior approval of certain changes in control and instead requires a written notification to the Department to be received not later than ten business days of the effective date of the change; and
2) clarifies that information contained in the records of the Department which is not confidential may be made available to the public in the Nationwide Multistate Licensing System and Registry (NMLS).
The Department strongly encourages every regulated entity to review the bill to ensure a thorough understanding of all the applicable revisions. House Bill 780 can be viewed at: http://www.legis.ga.gov/Legislation/20172018/178931.pdf.

APPENDIX: MSB Activity by Current
License Status

Notice of Final Rulemaking
On Wednesday, June 27, 2018, the Department adopted Final Rules. The Rules were filed with the Secretary of State on June 27, 2018, and, pursuant to O.C.G.A. 50-13-6, will be effective on July 17, 2018, which is twenty days (20) following the filing of the Rules with the Secretary of State.
Prior to adopting the Rules, the proposed Rules along with a synopsis were distributed on May 17, 2018. The Department received two (2) written comments regarding the proposed Rules. The Department fully considered the comments it received and made substantive revisions to Rules 80-3-1-.01(5) and 80-3-1-.07(1)(p) to revert to the original language in the rule related to posting of licenses. The Department also made revisions to Rule 80-3-1-.07(1)(a), (d), and (f) to align certain references to changes in the proposed Rules. The Department believes that the Rules as adopted encourage safety and soundness, encourage safe and fair mortgage lending, and conform to the law.
To view or download the Final Rules, go to Regulations page on the Department's website (https://dbf.georgia.gov/dbf-regulations) and select the appropriate link for the Final Rules, OR you may access them directly from: https://dbf.georgia.gov/sites/ dbf.georgia.gov/files/related_files/document/DBF-Final-Rulemaking_6-27-2018.pdf.

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2nd Quarter 2018

NMLS Money Services Businesses Call Report and 2nd Quarter 2018 Quarterly Reporting
Quarterly reports on transactions that occurred between April 1, 2018 - June 30, 2018, 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 (August 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 August 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.

Upcoming 2018 State Holidays--State Offices Closed
Labor Day -- Monday, September 3rd

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

2nd Quarter 2018

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Upcoming Atlanta Check Cashing Classes
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* September 5, 2018, 10:00 AM December 5, 2018, 10:00 AM
* Please note that the class schedule is subject to change

Upcoming Forsyth Check Cashing Class
Representatives from the Department will be speaking on August 15, 2018, at 10 AM at the Tift College State Offices in Forsyth, Georgia. This will serve as an opportunity for MSB Licensees to learn about the examination process as well as any updates regarding the Department's laws and rules.
The class will take place at the following location:
State Offices South at Tift College Vinzant Classroom #116 300 Patrol Road Forsyth, GA 31029
To reserve a seat, please contact us at 770-986-1652 or send an email to msb@dbf.state.ga.us.

Upcoming Dalton Check Cashing Class
The Department will be holding a check cashing class in Dalton, Georgia on October 16, 2018, from 10:00 AM Noon (Sign in will begin at 9:00). The class will be held at the Northwest Georgia Trade and Convention Center, 2211 Dug Gap Battle Road, Dalton, Georgia 30720.
The class will take place in the blue lecture hall in the upper level of the building - see the map of the building below for the Northwest Georgia Trade and Convention Center.
Please refer to their website for more details about the location http://www.visitdaltonga.com/convention-center/ plan-your-meeting/our-facility/floor-plans/
To reserve a seat, please contact us at 770-986-1652 or send an email to msb@dbf.state.ga.us.

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2nd Quarter 2018

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.

2nd Quarter 2018
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 the Quick Links section on our homepage (dbf.georgia.gov) and click on Stay Connected. This will take you to our new subscription service provided by GovDelivery (also known as Granicus). Notifications regarding subscriptions will no longer be sent from dbfpress@dbf.state.ga.us but 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

1712996

60217

SHUBHSHRIYA LLC

1728118

61117

RUHI INC

1712375

60989

Saraswati Investment, LLC

1696680

61230

R&G SHREEJI265 LLC

1713970

61326

SRI GAJANAND LLC

1707459

61416

Dhan Kuber 1202, LLC

1694905

60787

SHIVYOG LLC

1240758

9029

MCS INVESTMENTS INC.

1230597

30732

JOHNSON TAX SERVICE LLC

1737161

61679

Raina Rakin Enterprises LLC

1637772

57153

HKRV 1 INC

1733759

61325

Mary's Restaurant, LLC

1123299

61545

SHIV KRUPA CASH SERVICES LLC

1746718

61940

Fort Valley Check Cashing, LLC

1738858

61762

PARTH 121 INC

1746024

62090

Deeya, Inc.

1275486

23998

J.C. BRANTLEY, INC.

1735011

61735

ABDUL TAYYEB USA, INC.

1746038

62012

JEEYA PATEL LLC

1739236

61616

Tienda La Fe LLC

Date 04/10/2018 04/12/2018 04/13/2018 04/26/2018 05/03/2018 05/10/2018 05/11/2018 05/16/2018 05/25/2018 05/30/2018 06/06/2018 06/07/2018 06/08/2018 06/14/2018 06/21/2018 06/21/2018 06/21/2018 06/25/2018 06/25/2018 06/26/2018

City CUMMING ALBANY CUMMING Hiram Lyons WARNER ROBINS POOLER covington MOULTRIE Toccoa CHARTSWORTH Willacoochee Willow Grove Fort Valley Georgetown VALDOSTA Vidalia Duluth ADEL Columbus

State GA GA GA GA GA GA GA GA GA GA GA GA PA GA GA GA GA GA GA GA

Appendix 1 of 3

1703873

62151

Shree Ramji LLC

21

Terminated - Surrendered/Cancelled

NMLS# License#

Company Name

1250925

22999

Community plaza

1247877

24237

CIC Financial Services of Georgia, LLC

1232803

23544

JZS Inc

1255991

34425

Andy 222, Inc

1275505

36342

A R Khan and Sons, LLC

5
GA Money Transmitter License

Approved
NMLS# License#

Company Name

1572912

61119

Paypool LLC

1434636

61205

Government Payment Service, Inc.

1112680

61334

AP Account Services, LLC

1680784 1675803

61360 59904

STRATCOX INVESTMENTS LLC P2P Cash Technology Inc.

5

Terminated - Expired

NMLS# License#

Company Name

1353207

46563

SEQR Payments, Inc.

965200

21680

Unidos Financial Services, Inc

2

Terminated - Surrendered/Cancelled

NMLS# License#

Company Name

915839

20456

Softgate Systems, Inc.

1
GA Seller of Payment Instruments License

Approved
NMLS# License#

Company Name

1572799

58520

PINGPONG GLOBAL SOLUTIONS INC

06/28/2018 Waycross

GA

Date 04/03/2018 04/12/2018 04/18/2018 05/18/2018 05/18/2018

City Fort Valley Cleveland East Point hampton Atlanta

State GA TN GA GA GA

Date 04/12/2018 04/25/2018 05/02/2018 05/08/2018 05/08/2018

City Washington Indianapolis San Antonio DALLAS Roswell

State DC IN TX GA GA

Date 05/21/2018 06/14/2018

City Atlanta Littleton

State GA CO

Date 06/29/2018

City Jersey City

State NJ

Date 04/02/2018

City San Francisco

State CA Appendix 2 of 3

1679249 1099545

60012 61379

Athena Bitcoin, Inc. InstaMed Communications, LLC

3

Terminated - Surrendered/Cancelled

NMLS# License#

Company Name

1040399

9013

Global Express Money Orders, Inc.

1

04/04/2018 Chicago

IL

05/24/2018 Philadelphia

PA

Date 06/29/2018

City Silver Spring

State MD

Appendix 3 of 3