Georgia Department of Banking & Finance ~ Non-Depository Financial Institutions Division
QuarteMrolnythSluy mSummmaarryy ooff MMorotngaegye AScetrivviitciees Bfour sthineePsesrieosd AEncdtiinvgitAipersil 2007 for the Period Ending March 31, 2019
Inside this Issue:
Upcoming Atlanta 2 Check Cashing Classes
Administrative 2 Actions
Upcoming 2019 2 State Holidays
Contact Information 3
APPENDIX: MSB Activity by Current
License Status
NMLS Money Services Businesses Call Report and 1st Quarter 2019 Quarterly Reporting
Quarterly reports on transactions that occurred between January 1, 2019, and March 31, 2019, 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 (May 15, 2019). 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 and have no authorized agents, you must complete the MSBCR and the UAAR in NMLS. Not doing so will cause one or more system-placed license items to remain on the company's license record 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 1855-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 https://dbf.georgia.gov/webform/quarterly-reporting-sale-payment-instrumentsand-money-transmitter-licensees. Licensees should be sure to report by the correct NMLS Number (NMLS Entity ID as it appears on the MU1 company form) and Georgia License Number and enter the Licensee Name exactly as it appears on legal formation documents.
Please complete and submit all reports by May 15, 2019.
Licensees that fail to file required quarterly 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.
Page 2
1st Quarter 2019
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 770-986-1639 or emailing msb@dbf.state.ga.us. Reserve your seat now! We look forward to seeing you.
Upcoming Atlanta Check Casher Class* June 5, 2019, 10:00 AM
September 4, 2019, 10:00 AM December 4, 2019, 10:00 AM
* Please note that the class schedule is subject to change
Administrative Actions
On January 9, 2019, the Department Orders Revocation of RANA Financial, LLC's Money Transmitter
License and Orders Ronildo Freitas to Cease and Desist.
On March 13, 2019, the Department Entered into a Consent Order with Tristan D'Agosta (NMLS #1493424),
Julie Kim (NMLS #1493421), and Michael Demopoulos (NMLS #1493422).
Upcoming 2019 State Holidays--State Offices Closed
State Holiday Memorial Day Independence Day
April 26 - will be observed on Monday, April 22 Monday, May 27 Thursday, July 4
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
1st Quarter 2019
Page 3
Department Contact Information
NAME
E-MAIL ADDRESS
Fernando Ornelas, Supervisory Examiner
fornelas@dbf.state.ga.us
Ana Contreras, Financial Examiner
acontreras@dbf.state.ga.us
Byron Larios, Senior Assistant Financial Examiner
blarios@dbf.state.ga.us
Deborah Long, Review Examiner (check casher applications) dlong@dbf.state.ga.us
PHONE# (770) 986-1313 (770) 986-1652 (770) 986-1639 (770) 986-2810
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 4
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 2019
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
1701185
59627
Jarett Heath INC.
1809757
64726
MS KAIVAL, INC
1245336
23784
Neighborhood Financial Center INC.
1811809
64723
Lovejoy Convenience llc
1814392
65071
EUA LLC
1813990
64862
TAWAKAL LLC
920968
64245
Continental Exchange Solutions, Inc.
1637226
56926
Best Check Cashers, Inc
1810487
64673
KASUMBAL FOOD LLC
1824993
65303
BALL GROUND CONVENIENCE INC
1242093
39729
Plymel Foods LLC
1810491
64725
A&N234 LLC
1829199
65441
KGM Madi Investment LLC
1249327
23803
Jack In The Box Check Cashing, Inc.
1242635
35275
Prabhu 1, Inc.
1783664
65048
J. Murphy Management, LLC
1785077
65443
Kabrika Inc
1821328
65215
QTM FAST CHECK INC
1690217
59082
LUCKY PRIME, LLC
1830941
65486
Singh A&T, Inc.
Date 01/08/2019 01/08/2019 01/11/2019 01/18/2019 01/18/2019 01/23/2019 01/24/2019 01/24/2019 01/29/2019 02/06/2019 02/06/2019 02/08/2019 02/15/2019 02/22/2019 02/22/2019 02/22/2019 02/26/2019 02/26/2019 03/06/2019 03/06/2019
City gray jesup Decatur Hampton Tucker DORAVILLE Buena Park Marietta UNADILLA BALL GROUND Moultrie Canton Rockmart Pooler Warner Robins Boston Lilburn ACWORTH DECATUR Eatonton
State GA GA GA GA GA GA CA GA GA GA GA GA GA GA GA GA GA GA GA GA
Appendix 1 of 6
1833408 1818460 1831895 1824662
65635 65126 65596 65599
DOGSBORO, LLC LEVEL IN LLC DSYP LLC Vinayaka Krupa, LLC
24
Terminated - Expired
NMLS# License#
Company Name
1249327
23803
Jack In The Box Check Cashing, Inc.
1229270
21485
Jagnath, Inc.
1241256
23050
JIN HA INC
1230597
30732
JOHNSON TAX SERVICE LLC
1239885
33741
HS & KJ Enterprises inc. dba garden city package shop
1230594
19199
KDM PATEL LLC d/b/a ONE STOP PACKAGE SHOP
1241253
30122
Fastlane Superstore
1242718
22402
kHALSA INC
1576462
55836
KRISH FOODS LLC
1253813
44379
KRUPA AND ADITI LLC
1230988
20709
Krupa of Rome Inc
1256044
39749
Kuldavi Corporation
1443125
48892
Kushi Ali Inc
1254339
21431
KWI CHOL HAN
1273891
43370
2890 Suwanee, LLC
1665505
58167
LAGRANGE CITGO LLC
1231866
32850
kbm investment llc
1240292
19879
Bryce Emory Inc
1230329
37029
50 Shades Inc dba Kevin's Check Cashing
1231312
40254
A & S Brothers Food Mart, Inc.
1229098
36497
AANVI BEVERAGES INC
1243227
22522
ABH CORPORATION
1462955
51260
ACFS LLC
1277079
19233
AJN CHOI INC DBA KISSINGBOWER LIQUOR STORE
1240783
25336
American Pawn Shop, Inc.
1464030
50149
Ashparr Inc
03/12/2019 Hull
GA
03/19/2019 LOUISVILLE
GA
03/20/2019 LAKE PARK
GA
03/21/2019 Americus
GA
Date 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019
City Pooler Marietta MCINTYRE MOULTRIE garden city DUBLIN MCDONOUGH EAST POINT AMERICUS CHATSWORTH Rome Douglasville Stockbridge AUGUSTA Suwanee LAGRANGE tucker Barnesville Macon atlanta THOMASVILLE Austell Norcross AUGUSTA Thomasville winder
State GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA GA
Appendix 2 of 6
1240918 1433413 1489857 1637226 1240797 1237637 1230369 1263412 1489484 1264883 1240415 1230052 1234173 1231872 1231946 1251229 1746718 1253308 1562606 1254988 1266673 1230522 1454561 1249897 1415890 1439749 1299490 1244158 1233893 1507489 1289682 1696218 1263004 1256667
36250 42127 51072 56926 40806 18235 39681 32792 51042 9310 32833 18165 35162 22575 22561 22109 61940 24197 54494 26256 44623 38805 49591 14210 47835 48647 45353 22300 34088 51607 45153 59626 42126 21998
Atlanta South 75 Inc AYUSHI ENTERPRISE INC Beer Tobacco 1182 LLC Best Check Cashers, Inc GAJKARNA CORPORATION Brahmani inc Hong & Phuong Le, Inc. CARNICERIA LOA #1 DAMANI CANTON INC Danko Quik Cash DEKALB CHECKS INK Dhanraj Inc dba Famous Liquor dharam group llc DIMPAL ENTERPRISES INC Edwards Package Store Inc LAMBIS CHECK CASHING Fort Valley Check Cashing, LLC GTT CORPORATION H&AHN INVESTMENT LLC Boulevard Convenience, Inc Sita Ram Food Mart, LLC RRF Lucky Mart, LLC ZEAS LLC SALIM SAMANI DBA Z&Z CHECK CASHING L&K Express, LLC SEYAN GROUP INC SHIV SHAKTI KRUPA CORP Shree Design Inc SHREE MAHAKALI INC. SHREEJI OF BAXLEY INC SHREEJI S & B INVESTMENT LLC Raina Rakin Investment LLC SINGHANI INVESTMENT GROUP LLC S. T. Food Store, Inc
01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019 01/01/2019
Jackson
GA
MOULTRIE
GA
Brunswick
GA
Marietta
GA
DAWSONVILLE
GA
Hawkinsville
GA
ATLANTA
GA
DALTON
GA
CANTON
GA
Lawrenceville
GA
DECATUR
GA
Warner Robins
GA
Buford
GA
ALPHARETTA
GA
Elberton
GA
lilburn
GA
Fort Valley
GA
FITZGERALD
GA
GAINESVILLE
GA
Atlanta
GA
Unadilla
GA
Griffin
GA
Rome
GA
duluth
GA
Athens
GA
ATLANTA
GA
POOLER
GA
forest park
GA
MACON
GA
JESUP
GA
MOULTRIE
GA
Winder
GA
HOMERVILLE
GA
Augusta
GA
Appendix 3 of 6
1234701 1556733 1265809 1239910 1476028 1540454 1240010 1229266 1273585 1601176 1514860 1574882 1245329 1475769 1240763 1245336 1230902 1241513 1230984 1230610 1411518 1249878 1251217 1690217 1248888 1489863 1238763 1240716 1242093 1622807 1242635 1252869 1246296
37483 53426 30692 34292 50834 53371 23029 41587 31509 55881 52042 56350 44099 50494 41793 23784 34985 23292 23913 16679 48045 16556 37931 59082 22978 51074 43857 23469 39729 56424 35275 30535 20959
Sky Trading Inc SUNRISE 2015 INC. Swami 4009 Inc SWAMI ENT., INC. TAX PRO AIDE LLC TRUSHA ROSWELL INC VK Petro Products, Inc Winder Pure Gas Inc Yabba's Bottle Shop Inc YOG Foodmart LLC SHREENARAYAN 1 INC MEMORIAL EXPRESS INC NILU INVESTMENTS, INC NEMO 22, LLC Neighborhood Food Mart, Inc. Neighborhood Financial Center INC. NEAT WAYS LLC OGA'S ENTERPRISES INC. Moonshil Inc NAPRO Inc Mata Ashapuri inc Mahal, Corporation MAGIC 4590 LLC LUCKY PRIME, LLC LOVEJOY FOOD MART, INC LOLO 2722 LLC Priyaram Inc OMJADEN INVESTMENTS INC Plymel Foods LLC Pritam enterprises llc Prabhu 1, Inc. Pramukh 88 Incorporated acwi,inc
01/01/2019 Hazlehurst
GA
01/01/2019 BAINBRIDGE
GA
01/01/2019 Byron
GA
01/01/2019 TOCCOA
GA
01/01/2019 DECATUR
GA
01/01/2019 Atlanta
GA
01/01/2019 Lithonia
GA
01/01/2019 Winder
GA
01/01/2019 Marietta
GA
01/01/2019 Blackshear
GA
01/01/2019 MONTICELLO
GA
01/01/2019 DECATUR
GA
01/01/2019 LITHONIA
GA
01/01/2019 SAVANNAH
GA
01/01/2019 EASTPOINT
GA
01/01/2019 Decatur
GA
01/01/2019 NORCROSS
GA
01/01/2019 ATLANTA
GA
01/01/2019 Rome
GA
01/01/2019 Forest Park
GA
01/01/2019 Adairsville
GA
01/01/2019 Stone Mountain
GA
01/01/2019 atlanta
GA
01/01/2019 DECATUR
GA
01/01/2019 HAMPTON
GA
01/01/2019 Brunswick
GA
01/01/2019 Brunswick
GA
01/01/2019 AMERICUS
GA
01/01/2019 Moultrie
GA
01/01/2019 savannah
GA
01/01/2019 Warner Robins
GA
01/01/2019 Fort Valley
GA
02/06/2019 conley
GA
Appendix 4 of 6
93
Terminated - Surrendered/Cancelled
NMLS# License#
Company Name
1234702
20080
RONG'S ENTERPRISES, INC.
1
GA Money Transmitter License
Approved
NMLS# License#
Company Name
1273252
64559
TAAJ SERVICES US LLC
1761485
64692
TIO Networks USA Inc.
1656051
65530
LL Pay U.S., LLC
1394445
65171
EncoreFX Ltd.
1814108
65170
Boharti Money Transfer Inc
1808268
65442
FlexRemit LLC
1810302
65507
Visa Global Services Inc.
7
Revoked
NMLS# License#
1057422
24072
RANA Financial LLC
Company Name
1
Terminated - Expired
NMLS# License#
Company Name
1513565
57548
Doxo, Inc.
1561303
53990
FJ Williams Inc
1596669
57718
SUPER-SERVICES ATLANTA LLC
1701125
59764
Blockchain Technology Machines Inc.
4
Terminated - Surrendered/Cancelled
NMLS# License#
Company Name
1018479
39280
World First USA, Inc.
1
Date 03/12/2019
City Conyers
State GA
Date 01/11/2019 02/13/2019 02/14/2019 02/14/2019 02/26/2019 02/27/2019 03/20/2019
City Minneapolis San Jose San Francisco Seattle Stone Mountain DULUTH Foster City
State MN CA CA WA GA GA CA
Date 01/09/2019
City Pompano Beach
State FL
Date 01/01/2019 01/01/2019 01/01/2019 03/06/2019
City Seattle Atlanta atlanta Marietta
State WA GA GA GA
Date 03/05/2019
City Austin
State TX
Appendix 5 of 6
GA Seller of Payment Instruments License
Approved
NMLS# License#
Company Name
1774459
64214
eBay Commerce Inc.
1742738
63739
LVC USA Inc.
1486722
63626
Poloniex, LLC
1769299
64040
eToro USA LLC
1787783
64615
BitRail, LLC
1769744
64577
TokenVault LLC
1746025
64757
Star 8 Financial Inc.
1749137
64691
Bitsy, Inc.
1767779
64756
OKCoin USA Inc.
1428924
59870
The Currency Cloud Inc.
10
Terminated - Expired
NMLS# License#
1237238
18354
Flash Foods, LLC
Company Name
1
Date 01/16/2019 01/16/2019 01/17/2019 01/29/2019 01/30/2019 02/04/2019 02/13/2019 02/13/2019 03/08/2019 03/28/2019
City San Jose Palo Alto Boston Hoboken Atlanta San Francisco Long Beach Midvale San Francisco New York
State CA CA MA NJ GA CA CA UT CA NY
Date 01/01/2019
City Waycross
State GA
Appendix 6 of 6