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 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