In addition to the mandatory quarterly filings required through the NMLS, licensees are required to submit Average Daily Balance of Outstandings directly to the Department. This fillable PDF form replaces the webform that was utilized previously.
The completed Yearly Report of Outstandings for Money Transmitter Licensees PDF form should be submitted to the Department through the Department’s secure file sharing system, ShareFile. Please contact the Department at [email protected] if you have questions or need assistance using the ShareFile system. The completed Yearly Report of Outstandings form must be submitted within 45 days after the end of Q2 (August 14).
The NMLS mandatory filings - Money Service Business Call Report (MSBCR) and Uniform Authorized Agent Report (UAAR) must be completed within 45 days after the end of every quarter. 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.
Electronic Surety Bonds (ESB)
Electronic surety bonds (ESB) for money transmitters must be completed in NMLS. Any changes to the ESB should be made through the NMLS.
As of 9/12/2016, criminal history background checks on MU2 individuals should be authorized and submitted through the NMLS.
OTHER FORMS AND GUIDANCE:
MSB Guide for Developing an Anti-Money Laundering (AML) Policy:
FinCEN Forms and Guidance (for compliance with applicable federal laws):
- FinCEN Requires Electronic Filing for MSB Registrations and other Reporting
- Enroll in FinCEN's BSA E-Filing System - Types of Forms Supported by BSA E-Filing:
Currency Transaction Report (FinCEN Form 104)
Suspicious Activity Report by Money Services Business (FinCEN Form 109, formerly 90-22.56)
Registration of Money Services Business (FinCEN Form 107)
- MSB Registration Query website
- Money Service Business (MSB) Information (Links off-site to FinCEN) - This link will take you to a website created to address the needs of a special category of financial institutions under the Bank Secrecy Act (BSA) referred to as Money Services Businesses or MSBs. Click on the link above to learn more.