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Money Transmitters

A money transmitter is an individual or business that engages in the transmission of money or monetary value.  Money transmission means engaging in the business of receiving money for transmission or transmitting money within the United States or to locations abroad.                


Add Money Service Businesses Licensee Transition to NMLS to your Calendar (ics)
Tue, 09/02/2014 - 8:00am to Wed, 12/31/2014 - 12:00am

The Department of Banking and Finance will begin using the Nationwide Multistate Licensing System (NMLS)* on September 2, 2014, to manage its Money Service Business (MSB) licensees.

Existing MSB licensees will renew their Georgia license by creating and submitting a record in NMLS for the company, the owners of the company and all (check casher) branch locations to transition their existing Georgia license onto NMLS.  All transition requests should be made between September 2 and December 1 through NMLS to avoid a late fee.  Transition requests made between December 2 and December 31 will be assessed a 0 late fee in addition to your annual license fee. Any licensee that fails to request transition through the NMLS by December 31 will expire.

Information will be posted on the NMLS Georgia State Licensing Requirements page on September 2nd.


Frequently Asked Questions (FAQs) for Existing MSB Licensees:

 

*NMLS is a secure web-based system created by state regulators to provide efficiencies in the processing of state licenses and to improve supervision of state-regulated industries.

 


     

Information for New Money Transmitter Applicants
Forms for Existing Money Transmitter Licensees
Print My Money Transmitter License Certificate
MSB Laws and Rules
MSB Newsletter
MSB Frequently Asked Questions
MSB Licensee and Regulatory Action Searches
MSB Staff Contacts