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

Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
QuarteMrolnythSluy mSummmaarryy ooff MMorotngaegye AScetrivviitciees Bfour sthineePsesrieosd AEncdtiinvgitAipersil 2007 for the Period Ending September 30, 2018

Inside this Issue:
Streamlined 2 Renewals -- MSB
Licensees and Branches (continued)
2019 MSB Renewal 3 and Reporting Timeline
NMLS Money 3 Services
Businesses Call Report and 3rd
Quarter 2018 Reporting
Upcoming Atlanta 4 Check Cashing Classes
Upcoming Dalton 4 Check Cashing Class
Administrative 4 Actions
Upcoming 2018 5 State Holidays
Contact Information 5
APPENDIX: MSB Activity by Current
License Status

Georgia 2019 Renewal Checklists
Georgia's license renewal checklist has been posted to the NMLS Resource Center. Please review the checklist for information on the requirements to renew your license. To avoid a late fee, please renew between November 1 and December 1, 2018.
To complete a renewal request you must continue to meet all licensing requirements and must attest to that fact and submit a renewal request through NMLS. Click the Annual Renewal link on the home page of the NMLS Resource Center to get started.
If you have any questions about renewing your Georgia license(s) through NMLS, please send an email to: msb@dbf.state.ga.us.
Streamlined Renewals -- MSB Licensees and Branches
All companies holding a Check Casher, Money Transmitter or Seller of Payment Instruments License in Georgia must submit a renewal request through NMLS between November 1 and December 1, 2018. The late renewal period is between December 2 and December 31, 2018; companies may be assessed a $300 late fee during this period. The NMLS Streamlined Renewal Process allows your company to conveniently manage the renewal of company and branches, through your organization's NMLS account.
Actions Required: Records must be up to date at the time of renewal. Amendments to license information CANNOT be made through the renewal feature. If you need to make changes to a company or branch record before you attest to its accuracy for renewal, this must be done prior to submitting a renewal request through the Filing tab. It is strongly recommended that you submit updates immediately to allow sufficient time for review. Additionally, you should review license statuses and confirm that there are no outstanding license items that need to be cleared.

NOTE: Waiting until November or December to submit amendments and/or clear outstanding license items will delay the approval of your renewal request.

(Continued on page 2)

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3rd Quarter 2018

Streamlined Renewals -- MSB Licensees and Branches (continued)
(Continued from page 1)
Easy Steps for Renewal
To complete a renewal request: Continue to meet all licensing requirements If your company continues to meet these requirements:
Attest to that fact and submit a renewal request through NMLS. Pay the required statutory license renewal fees and NMLS transaction fees
The NMLS Resource Center has valuable tools to assist in the NMLS 2019 Streamlined Renewal Process. Please visit the Annual Renewal Information page for more details.
ADDITIONAL INFORMATION REGARDING RENEWAL REQUIREMENTS
Attestation Companies may log onto the NMLS website and complete the attestation process and request renewal starting November 1st. Attestation is a company's legal certification that: (i) company and branch NMLS records are up to date, (ii) renewal requirements have been satisfied, and (iii) the company meets all license renewal eligibility requirements.
Companies are required to complete an attestation pertaining to company and branch renewal requests selected for submission each time the Company Renewals Cart is submitted.
Renewal Submissions Deadlines
Renewal requests may be submitted starting November 1st and should be submitted no later than December 1st. If you have licenses you do not intend to renew, you must notify the Department by selecting the "Do Not Renew" option.
NMLS WILL NOT ACCEPT RENEWAL SUBMISSIONS AFTER December 31, 2018 (EASTERN TIME). Please note the time zone difference of your location.
Fees In addition to Georgia annual renewal fees, NMLS charges processing fees of $100 per company license and $20 per branch license. These fees must be paid electronically through NMLS upon submission of the license renewal request. Processing fees cover NMLS' operations, including system access, financial statement functionality, access to reports, the ability to maintain and renew licenses, and call center support.

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

3rd Quarter 2018

Page 3

2019 MSB Renewal and Reporting Timeline
All entities holding a Georgia license must submit a renewal request through NMLS starting November 1st if they wish to retain their license to conduct business in Georgia in 2019. Check Casher branches must also be renewed through NMLS. Department and NMLS communications will be sent to the email address of the company's primary contact as listed on the company's MU1 on NMLS.

Renewal Period Begins

November 1

MT & SPI Quarterly Report Deadline

November 14

Renewal Period Ends

December 1

NMLS opens renewal functionality.
Money Transmitter & Seller of Payment Instruments Only (MSBCR, UAAR and Department webform). Late Fine $1,000
Last day to renew without being subject to a late renewal fine.

Late Renewal Begins

December 2

Late Renewal Fines may be assessed.

Late Renewal Ends

December 31

NMLS closes renewal functionality. No renewal requests can be submitted after December 31.

Expiration

January 1

Licensees that failed to request renewal will be expired.

NMLS Money Services Businesses Call Report and 3rd Quarter 2018 Reporting
Quarterly reports on transactions that occurred between July 1, 2018 - September 30, 2018, are now due. The Department utilizes 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 (November 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 November 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.

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3rd Quarter 2018

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 AML.
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* December 5, 2018, 10:00 AM
* Please note that the class schedule is subject to change

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.

Administrative Actions
Department of Banking and Finance Orders CampBX, Bitcoin Trading Platform, to Cease and Desist--On July 25, 2018, an Order to Cease and Desist against Bulbul Investments LLC dba CampBX Trading Platform issued by the Department became final. Access the final order on our website at https://dbf.georgia.gov/pressreleases/2018-07-26/department-banking-and-finance-orders-campbx-bitcoin-trading-platform.

3rd Quarter 2018
Upcoming 2018 State Holidays--State Offices Closed
Columbus Day -- Monday, October 8th Veterans Day -- November 11th (will be observed on Monday, November 12th) Thanksgiving Day -- Thursday, November 22nd Observance of State Holiday -- Friday, November 23rd Observance of Washington's Birthday -- Monday, December 24th Christmas Day -- Tuesday, December 25th

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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.

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

3rd Quarter 2018
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

1240955

21787

TRIPO, INC.

1275502

16373

Lee Discount Company, Inc.

1752479

62193

DALAL'S, LLC

1736992

62046

Safafarhan, Inc.

1756218

62208

Aura Services, LLC

1742013

61715

Moore Foods LLC

1434633

51217

TA Operating LLC

1750104

62307

Asadgate Enterprise Inc

1266663

40283

Jeff's Beverage Depot, Inc.

1766348

62693

JULYKISS CO., INC.

1722712

62178

PUJAN ENTERPRISES, INC.

1704348

62370

Jatan Russell, Inc

1723303

62958

MUCHO MEAT MARKET LLC

1769582

63056

Right Side Check Cashing, LLC

1759815

63158

SHREE NILKANTH VARNI INC

1770844

63119

Bolingbroke Enterprises, LLC

1766406

63232

Palermo Rivera. Jonathan Emanuel

1754934

62959

SOUTH GEORGIA GUN & TITLE PAWN LLC

1775237

63246

PRAYOSHA 101 LLC

899531

63329

SOUTH EXCHANGE, INC

Date 07/06/2018 07/06/2018 07/12/2018 07/13/2018 07/19/2018 08/01/2018 08/13/2018 08/20/2018 08/20/2018 08/20/2018 08/24/2018 08/28/2018 08/29/2018 08/30/2018 09/06/2018 09/07/2018 09/14/2018 09/19/2018 09/25/2018 09/27/2018

City VALDOSTA Vidalia Brunswick Social Circle JEFFERSON ashburn Westlake Chamblee Richmond Hill AUGUSTA albany Warner Robins FOREST PARK Roswell ATLANTA Macon rome STATESBORO ALBANY Miami

State GA GA GA GA GA GA OH GA GA GA GA GA GA GA GA GA GA GA GA FL

Appendix 1 of 2

20

Terminated - Surrendered/Cancelled

NMLS# License#

Company Name

1243225

43943

CHECK CASHING KING LLC

1
GA Money Transmitter License

Approved
NMLS# License#

Company Name

1375931

60339

BENDIX PAYMENT SOLUTIONS, LLC

1138940

63245

JUBAXPRESS, INC

2

Terminated - Surrendered/Cancelled

NMLS# License#

Company Name

1245902

18885

America Transfers, Inc.

942933

34769

Square, Inc.

2
GA Seller of Payment Instruments License

Approved
NMLS# License#

Company Name

1702840

61417

Robinhood Crypto, LLC

942933

34769

Square, Inc.

1699379

62002

Zero Hash LLC

1524321 1527344

63099 62232

ePlata USA, LLC Optal Financial Limited

5

Date 07/19/2018

City ATLANTA

State GA

Date 07/10/2018 09/27/2018

City NEW BRUNSWICK Minneapolis

State NJ MN

Date 07/24/2018 08/09/2018

City Irving San Francisco

State TX CA

Date 07/27/2018 08/09/2018 08/10/2018 08/24/2018 09/27/2018

City Menlo Park San Francisco Chicago Edwardsville London

State CA CA IL IL

Appendix 2 of 2