Department enters into Consent Order with Voyager Digital, LLC

Atlanta, Georgia – On March 9, 2023, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Voyager Digital, LLC (“Voyager Digital”), NMLS No. 1730854, located at 78 SW 7th Street, 8th Floor, Miami, Florida 33130.  The Consent Order was entered to resolve a Notice of Intent to Deny Application for Renewal of Annual Money Transmitter License issued to Voyager Digital on the grounds that the Department is not satisfied that the applicant is financially sound, responsible, and able to transmit money in an honest, fair, and efficient manner and with the confidence and trust of the community. O.C.G.A. § 7-1-684(a)(1). 

BlockFi Trading, LLC Surrenders Georgia License

Atlanta, Georgia – On December 2, 2022, BlockFi Trading LLC (“BlockFi Trading”), NMLS No. 1873137, located at 201 Montgomery Street, Suite 263, Jersey City, New Jersey 07302, surrendered its seller of payment instruments license issued by the Georgia Department of Banking and Finance (“Department”).  As a result of the surrender, BlockFi Trading LLC is no longer authorized to engage in the sale of payment instruments or money transmission in Georgia.  O.C.G.A. § 7-1-681.

Order to Cease and Desist Issued to West Realm Shires Services Inc. d/b/a FTX US Becomes Final

Atlanta, Georgia – On December 6, 2022, an Order to Cease and Desist (“Order”) issued by the Georgia Department of Banking and Finance (“Department”) to West Realm Shires Services Inc. d/b/a FTX US (“FTX US”), NMLS No. 1957771, located at 167 N Green Street, Suite 1102, Chicago, Illinois 60607, became final.  As a result, the Georgia seller of payment instruments license previously issued to FTX US expired as of the date that the Order became final, on December 6, 2022, and is no longer valid.  O.C.G.A. § 7-1-694(a)(3).  Without a valid license, FTX US is not authorized to engage in the sale of payment instruments or money transmission in Georgia.  O.C.G.A. § 7-1-681.

Notice of Final Rulemaking

The Department of Banking and Finance adopted Final Rules on July 7, 2022. The Rules were filed with the Secretary of State on July 7, 2022 and, pursuant to O.C.G.A. § 50-13-6, will be effective on July 27, 2022, which is twenty (20) days following the filing of the Rules.

Notice of Proposed Rulemaking and Opportunity to Comment

Pursuant to the provisions of the Georgia Administrative Procedure Act, O.C.G.A. § 50-13-1 et seq., and by the authority of O.C.G.A. §§ 7-1-61, 7-1-690, 7-1-1012, 7-3-51, and other cited statutes, the Department of Banking and Finance hereby gives notice of its intent to adopt new rules.

Order to Cease and Desist Issued to Allianz FX Limited d/b/a www.allianz-fx.net Becomes Final

Atlanta, Georgia – Today, an Order to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to Allianz FX Limited d/b/a allianz-fx.net (“Allianz FX”) became final. 

Final Order of Revocation of Mortgage Loan Originator License issued to Daniel Randolph

Atlanta, Georgia — On March 28, 2022, the Georgia Department of Banking and Finance (“Department”) issued a Final Order of Revocation of Mortgage Loan Originator License to Daniel Randolph (“Mr. Randolph”), NMLS No. 222017.

Southern Pine Credit Union Released From Conservatorship

Atlanta, Georgia - Today, the National Credit Union Administration ("NCUA") released Southern Pine Credit Union, located in Valdosta, Georgia, from the conservatorship that had been in place since June of 2020. 

Order to Cease and Desist issued to Cash Finance Bank of Georgia

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Cash Finance Bank of Georgia d/b/a cfbog.onlinebankingeweb.com and Fred Williams.  It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter. 

Order to Cease and Desist issued to Trusteeship Financial Bank

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Trusteeship Financial Bank d/b/a Trustee Bank d/b/a trusteeshipfinancials.com.  It is unlawful to conduct and/or be affiliated with a banking business in Georgia without a bank charter.