quarterly summary of money service businesses activities ... · quarterly summary of money service...
TRANSCRIPT
Inside this Issue:
Monthly Summary of Mortgage Activities for the Period Ending April 2007
NMLS Electronic Surety Bond
Adoption
2
Georgia New Application and
Amendment Checklists
2
Upcoming Atlanta Check Cashing
Classes
3
Upcoming Forsyth Check Cashing
Class
3
Upcoming 2017 State Holidays
3
Contact Information 4
APPENDIX: MSB Activity by Current
License Status
Georgia Department of Banking & Finance ~ Non -Depository Financial Institutions Divis ion
Quarterly Summary of Money Service Businesses Activities for the Period Ending March 31, 2017
The Department has adopted 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 now live in NMLS for the first quarter of 2017, with the initial
report due 45 days after the first quarter end (May 15, 2017).
Licensees should follow the instructions and directions provided by NMLS for
completing the MSBCR requirement, in addition to updating the Uniform Authorized
Agent Report. Licensees will also be required to continue to submit Average Daily
Balance of Outstandings directly to the Department, outside of the NMLS,
through the existing webform.
All updates and resources 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.
In addition to completing the Department’s webform, agent/office information must be
uploaded via the UAAR in the NMLS to complete your quarterly reporting. If you have
no agents or offices, you must still report through the NMLS. Questions regarding the
UAAR should be directed to the NMLS Call Center at 1-855-NMLS-123 (1-855-665-
7123).
Please complete and submit all reports by May 15, 2017.
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.
If you have additional questions, please e-mail the Department’s MSB Section at
NMLS Money Services Businesses Call Report and 1st Quarter
2017 Quarterly Reporting
Upcoming MSBCR Training Opportunities:
Below is a list of future training opportunities that will be offered to licensees free of
charge through the NMLS Learning Management System (LMS). Dates below are ten-
tative and may be subject to change.
April 11: Industry MSBCR Training
April 18: Industry MSBCR Q&A Session
APPENDIX
MSB ACTIVITY BY CURRENT LICENSE STATUS
License Status Definition
Approved The entity has an Approved license.
Denied The entity applied for a license and the request was Denied.
RevokedThe entity’s license was Revoked and the entity is no longer authorized to conduct business.
Terminated – ExpiredThe entity failed to renew.
Terminated – Ordered to SurrenderAn entity has been ordered to surrender their approved license. The entity is not authorized to conduct business.
Terminated – Surrendered/CancelledThe entity has requested a surrender/cancelation of their license and the regulator has granted this surrender/ cancelation request.
GA Check Casher LicenseApproved
License# Company Name City StateNMLS# Date
1574312 Pramukh Swami Chatsworth LLC Chatsworth GA54160 01/09/2017
1540454 TRUSHA ROSWELL INC Atlanta GA53371 01/10/2017
1570434 CASH FOR LESS LLC JONESBORO GA53989 01/10/2017
1540441 ELLENWOOD CHEVRON INC Ellenwood GA53149 01/10/2017
1574319 Kartikush Corporation Lakeland GA54162 01/11/2017
1300510 APANI INCORPORATED Manor GA45408 01/11/2017
1562606 H&AHN INVESTMENT LLC GAINESVILLE GA54494 01/11/2017
1508812 MGR SHREEJI INC DOUGLASVILLE GA51730 01/11/2017
1530204 BLESSING FOOD MART LLC CHAMBLEE GA52371 01/12/2017
1240466 Petrotech Investment, LLC Tucker GA24424 01/13/2017
1570552 WINTERS C LLC DORAVILLE GA54208 01/18/2017
1581805 Karim Ali dba Geraro Grocery Griffin GA54561 01/20/2017
1584983 Macon Cash,LLC Macon GA54679 01/26/2017
1242093 Plymel Foods LLC Moultrie GA39729 02/10/2017
1587765 Jay Ganeshji,Inc saint simons island GA54993 02/13/2017
1574237 PFJ Southeast LLC Knoxville TN54229 02/23/2017
1588927 Raina Rakin Developments, LLC Altnata GA55342 02/23/2017
1574644 A & SAJID INC GILLSVILLE GA54849 02/24/2017
1284799 RED TOP LLC TEMPLE GA35098 03/01/2017
1587014 SADHIMA INC COLUMBUS GA30016 03/03/2017
1593499 SH REDAN PACKAGE, LLC STONE MOUNTAIN GA55468 03/07/2017
Appendix 1 of 7
1263860 El Rey Del Bajio, inc. Dalton GA19885 03/17/2017
1580503 Sugar Hill Quality Foods, L.L.C. Buford GA55135 03/20/2017
1580539 Toccoa Quality Foods, L.L.C. Toccoa GA55137 03/20/2017
1580517 Hartwell Tri-County Quality Foods, L.L.C. Hartwell GA55134 03/20/2017
1580512 Cornelia Quality Foods, L.L.C. Cornelia GA54992 03/20/2017
1230396 Keshav group llc Elberton GA42708 03/22/2017
27
DeniedLicense# Company Name City StateNMLS# Date
1252365 OMNI M CORPORATION OCILLA GA34483 03/28/2017
1
Terminated - ExpiredLicense# Company Name City StateNMLS# Date
1250457 J BARCLAY EXPRESS LLC MARIETTA GA23106 01/01/2017
1278402 J.D. Fletcher and Associates LLC Atlanta GA45716 01/01/2017
1246299 JAI GAHNPATI INC. VALDOSTA GA GA33753 01/01/2017
1410220 INSHA INVESTMENT GROUP LLC ATLANTA GA47614 01/01/2017
1376458 IN N Out Group LLC Forest Park GA46562 01/01/2017
1244138 IMS GROUP, INC. Atlanta GA16603 01/01/2017
1246261 Haynes Grocery Incorperated Waycross GA30886 01/01/2017
1485860 LANG INC Kennesaw GA50883 01/01/2017
1375382 7-11-9 gas and food mart inc warner robins GA34760 01/01/2017
1241508 Louisville Package Shop, Inc. Louisville GA21875 01/01/2017
1247890 LOS AMIGOS ATHENS GA44775 01/01/2017
1261536 LITTLE RIVER GROCERIES LLC HAHIRA GA36472 01/01/2017
1245696 lazin business llc commerce GA37582 01/01/2017
1266476 Jin, Hong S Atlanta GA21290 01/01/2017
1263943 LARRY'S BEVERAGE OUTLET LLC UNION CITY GA39239 01/01/2017
1230364 Jai Sri Krishna, INC Gray GA41019 01/01/2017
1253352 KRISHA MAAN INC MACON GA23992 01/01/2017
1238280 Khodal Krupa, Inc. Warner Robins GA26251 01/01/2017
1250380 JONG WON ENTERPRISES INC EAST POINT GA21143 01/01/2017
1241265 JJoy Cashing Checks Services, L.L.C. Gainesville GA18252 01/01/2017
1231886 Ji Kyung Song Fort Valley GA33811 01/01/2017
Appendix 2 of 7
1257582 JB POWER ENTERPRISE LLC GRIFFIN GA32121 01/01/2017
1238813 LAXMI VAIBHAV LLC CHATSWORTH GA33874 01/01/2017
1254975 AMAN FOOD MART INC CHAMBLEE GA39950 01/01/2017
1264885 Friendship Services, LLC Bethlehem GA36627 01/01/2017
1252422 C & H Liquor Store, Inc. Atlanta GA23561 01/01/2017
1231308 Bluestein, Inc. Brunswick GA19819 01/01/2017
1250321 BJ Package Inc Powder Springs GA20935 01/01/2017
1256032 BACONTON INVESTMENTS INC VALDOSTA GA44363 01/01/2017
1240308 B and D Petroleum, LLC Blue Ridge GA35941 01/01/2017
1236419 AQIB INC TUCKER GA43859 01/01/2017
1233280 Casey's Inc. cave Spring GA22091 01/01/2017
1433424 Amina Mart atlanta GA48478 01/01/2017
1270544 Cash N Go Inc College Park GA9148 01/01/2017
1276470 Amaan Enterprises Inc Loganville GA23868 01/01/2017
1415780 ALL IN ONE VENTURES INC. CHAMBLEE GA31315 01/01/2017
1504001 Adams Meat Market, INC. Brunswick GA51488 01/01/2017
1252877 Abhijit & Manish, Inc. Duluth GA40256 01/01/2017
1245836 abai liquor store inc clarkston GA20060 01/01/2017
1254344 AASA FOOD MART INC BUFORD GA44532 01/01/2017
1241289 A & N LLC BAXLEY GA22700 01/01/2017
1249925 ANDREA & ASSOCIATES INC HAZLEHURST GA22030 01/01/2017
1326247 DONGWOO, LLC GAINESVILLE GA45956 01/01/2017
1238121 Garv & Tilak, Inc. Macon GA38427 01/01/2017
1269907 GARCIA ACCOUNTING AND TAX SERVICE, LLC DULUTH GA24314 01/01/2017
1235303 galaxy development group llc macon GA33768 01/01/2017
1264873 Mc & Jeon, llc decatur GA30757 01/01/2017
1269189 FNL LLC CHAMBLEE GA33690 01/01/2017
1381235 fatima business inc clarkston GA46694 01/01/2017
1256978 ELITE C STORE, INC COVINGTON GA33546 01/01/2017
1242089 c k chu enterprises ,inc dba chu's 2 savannah GA30760 01/01/2017
1276464 El Bazaar Grocery Store, LLC Rome GA42645 01/01/2017
1242651 GOLDEN JZ INC JONESBORO GA29696 01/01/2017
1359682 DOLOMA 5 CORPORATION VALDOSTA GA46182 01/01/2017
1249469 DENISE L MORELAND DBA C&M SERVICES BOGART GA40170 01/01/2017
1228618 Danny A Newman, Inc Augusta GA9041 01/01/2017
Appendix 3 of 7
1447496 D & G Burke Dawgs LLC Waynesboro GA49215 01/01/2017
1443935 Corner Grocery 2260 LLC Macon GA49512 01/01/2017
1256703 Coosa Valley Financial Group, Inc. Rome GA39747 01/01/2017
1230355 checks r cashed smyrna GA9445 01/01/2017
1263860 El Rey Del Bajio, inc. Dalton GA19885 01/01/2017
1246883 Shree Jala LLC Cochran GA23238 01/01/2017
1381238 rose services inc conyers GA46696 01/01/2017
1230964 SIMREN INC FAYETTEVILLE GA23067 01/01/2017
1256067 Silver Tiger Enterprises, LLC McDoungh GA33031 01/01/2017
1263853 Sikder Inc atlanta GA33766 01/01/2017
1273865 Shyamanna LLC JESUP GA40788 01/01/2017
1380280 Shrinathji Trading INC Savannah GA46717 01/01/2017
1443933 Shri New Khodiyar 2 LLC Warner Robins GA49514 01/01/2017
1240674 sky food 2009 inc. jonesboro GA24017 01/01/2017
1465636 SHREE VAHANVATI INC JACKSON GA50629 01/01/2017
1265753 sky international inc marietta GA12604 01/01/2017
1496987 SHIVA ENTERPRISE INC Adairsville GA51306 01/01/2017
1263944 SHINHAN ENTERPRISE, INC ELLENWOOD GA39241 01/01/2017
1274301 SFK Inc Atlanta GA31903 01/01/2017
1273882 Seven Seas Bottle Shop Inc Powder Springs GA23254 01/01/2017
1267674 SAVEH ENTERPRISE, INC. Norcross GA21095 01/01/2017
1264153 rudra investments inc savannah GA33812 01/01/2017
1243742 rsdp hospitalitly llc douglasville GA39594 01/01/2017
1443932 Shri New Khodiyar 1 LLC Warner Robins GA49513 01/01/2017
1447123 The Spirited Sportsman, Inc. Louisville GA49152 01/01/2017
1245322 WOO LI, INC. COLLEGE PARK GA31283 01/01/2017
1274313 Won & Kim Investment, Inc Stone Mountain GA23699 01/01/2017
1237619 WELLWOOD TWO LLC DALTON GA23391 01/01/2017
1242094 VIVEKI-NAVDEEP INC ABBEVILLE GA44244 01/01/2017
1277097 Video Tienda Jesus Maria #3 Omega GA35923 01/01/2017
1238669 Video Tienda Jesus Maria #1 Moultrie GA34316 01/01/2017
1457141 Usw trading llc Lawrencville GA49707 01/01/2017
1245667 SIYA INVESTMENTS LLC MOULTRIE GA25493 01/01/2017
1232783 Tirumala Management,Llc. Loganville GA43785 01/01/2017
1443074 Sean Tara Management LLC Jonesboro GA48838 01/01/2017
Appendix 4 of 7
1230007 The Isaiah Corp. Douglasville GA43671 01/01/2017
1243242 SW Kim,Inc. Atlanta GA23073 01/01/2017
1268513 spynx properties investments LLC LAWRENCEVILLE GA39682 01/01/2017
1243221 SPS BEVERAGE INC madison GA40284 01/01/2017
1266480 SOHANI ENTERPRISES INC ELLENWOOD GA20303 01/01/2017
1323473 SNH INVESTMENTS, INC CAROLLTON GA46052 01/01/2017
1249462 Smart Financial Newnan GA21107 01/01/2017
1247354 UMI SALMA INC AUSTELL GA23835 01/01/2017
1265782 RADHE INC Dalton GA31126 01/01/2017
1233056 Patelleos inc BRUNSWICK GA43744 01/01/2017
1245646 P & C Check Cashing, Inc. Atlanta GA23698 01/01/2017
1309468 Ocilla Liquor Store Inc Ocilla GA34484 01/01/2017
1265793 Notch Seven Management LLC College Park GA44447 01/01/2017
1235280 NJD ENTERPRISE LLC griffin GA39265 01/01/2017
1359710 PCA FOOD STORES INC LAGRANGE GA20859 01/01/2017
1323726 PENNY SAVER MARKET 1 SAVANNAH GA21582 01/01/2017
1240466 Petrotech Investment, LLC Tucker GA24424 01/01/2017
1256674 PLEASANTDALE FOOD LLC atlanta GA44576 01/01/2017
1242093 Plymel Foods LLC Moultrie GA39729 01/01/2017
1234707 Pawn Express of Newnan Inc. Newnan GA34347 01/01/2017
1252356 R AND N CORPORATION OCILLA GA34482 01/01/2017
1445070 PAYAL D 216 INC LOCUST GROVE GA49006 01/01/2017
1267615 RAZIA GROUP INC ATLANTA GA20487 01/01/2017
1229128 NIKUL ASSOCIATES, INC COOLIDGE GA18081 01/01/2017
1254955 NIKEY LLC DBA CHEVRON FOODMART Jackson GA33318 01/01/2017
1230402 RDS Brothers Inc Brunswick GA24162 01/01/2017
1274282 Neville, Dennis, Gary Columbus GA33949 01/01/2017
1284799 RED TOP LLC TEMPLE GA35098 01/01/2017
1381507 MITCHELLS INVESTMENTS INC NORCROSS GA46715 01/01/2017
1246288 riddhi foods llc americus GA31846 01/01/2017
1433298 MISCELANEA GUATE-MEX Cairo GA48483 01/01/2017
1394528 Nitya Inc Guyton GA47738 01/01/2017
1377288 Happy Go Lucky, Inc. Marietta GA46690 01/09/2017
1240338 MIRA ENTERPRISES BERLIN GA29767 01/09/2017
1288863 Shannon Grocry & Tobacco,LLC Rome GA45096 02/28/2017
Appendix 5 of 7
1359695 HI FI EXPRESS LLC ROME GA46285 02/28/2017
1257579 KAHAN CORPORATION Thomaston GA24272 03/28/2017
128
Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date
1230396 Keshav group llc Elberton GA42708 01/20/2017
1
GA Money Transmitter LicenseApproved
License# Company Name City StateNMLS# Date
1561693 Freetradepay Inc Atlanta GA53675 01/09/2017
1460348 Gloconnect Telecommunications Incorporated norcross GA53991 01/09/2017
1561303 FJ Williams Inc Atlanta GA53990 01/09/2017
1271971 Tipalti, Inc. San Mateo CA51611 01/11/2017
1486447 Mercari, Inc. San Francisco CA53270 01/18/2017
1488912 YapStone, Inc. Walnut Creek CA52801 03/31/2017
6
Terminated - ExpiredLicense# Company Name City StateNMLS# Date
1161895 Xpress Money Services Inc. Piscataway NJ36095 01/01/2017
1384867 LumoXchange LLC Atlanta GA47498 01/01/2017
1487712 ADIKA GLOBAL LLC STONE MTN GA50884 01/01/2017
1435664 SHEGER ENTERPRISE, LLC CLARKSTON GA48520 01/01/2017
907743 Century Union Services, LLC Everett MA33292 01/01/2017
1403399 Payrion norcross GA49086 01/01/2017
1004470 Kaah Group LLC Seattle WA18945 01/01/2017
1427719 The Globe Forex Transfer Inc Powder Springs GA48587 01/01/2017
1226337 Telmate, LLC San Francisco CA42941 01/01/2017
958702 PNB REMITTANCE CENTERS, INC. LOS ANGELES CA44869 01/01/2017
1443924 PAYMOTECH FINANCE CORP Fort Lauderdale FL50049 01/17/2017
11
Terminated - Surrendered/CancelledLicense# Company Name City StateNMLS# Date
Appendix 6 of 7
936775 Keefe Commissary Network, L.L.C. Saint Louis MO30454 03/13/2017
1
GA Seller of Payment Instruments LicenseApproved
License# Company Name City StateNMLS# Date
1527313 ROCKITCOIN, LLC Chicago IL53996 01/10/2017
936775 Keefe Commissary Network, L.L.C. Saint Louis MO30454 03/13/2017
2
Terminated - ExpiredLicense# Company Name City StateNMLS# Date
1148599 Swanson Services Corporation Denver CO37171 01/01/2017
1
Appendix 7 of 7
Page 2 1st Quarter 2017
All new applicants for a money transmitter or seller of payment instrument license must utilize the Electronic
Surety Bonds (ESB) feature through the NMLS to meet Georgia’s surety bond requirements. For existing
licensees, electronic bond conversion has begun. The deadline for conversion is December 31, 2017.
Please refer to the ESB for Licensees resources on NMLS found at:
http://mortgage.nationwidelicensingsystem.org/Pages/ESBforNMLSLicensees.aspx.
New NMLS Electronic Surety Bond Training
NMLS is offering a new Electronic Surety Bond Course available on the NMLS Resource Center. This e-learning
tool consolidates all the information available on the Electronic Surety Bond process in one course.
The course contains recorded webinars, documentation, workflows, and other valuable resources for Surety
Companies, Surety Producers, and NMLS licensees. Topics include:
NMLS Resource Center Information
Creating and Managing your NMLS account
Creating and Managing Associations
Creating and Managing Electronic Surety Bonds
Please visit the NMLS Resource Center for our most current checklists, which reflect the changes to
accommodate the ESB adoption.
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
COMMONLY USED ACRONYMS
Georgia New Application and Amendment Checklists
Please visit the NMLS Resource Center for our most current checklists and jurisdictional forms. When making any change to your NMLS record, please consult the appropriate Amendment checklist.
Using outdated forms will delay the processing of applications and other approval requests.
Georgia Check Casher License New Application
Amendment
Georgia Money Transmitter License New Application
Amendment
Georgia Seller of Payment Instruments License New Application
Amendment
NMLS Electronic Surety Bond Adoption
1st Quarter 2017 Page 3
Upcoming Atlanta Check Cashing Class
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
770-986-1652 or emailing [email protected]. Reserve your seat now! We look forward to seeing you.
* Please note that the class schedule is subject to change
Upcoming Atlanta Check Casher Class*
June 7, 2017, 10:00 AM
September 6, 2017, 10:00 AM
December 6, 2017, 10:00 AM
Upcoming Forsyth Check Cashing Class
Representatives from the Department will be speaking on Tuesday, June 20, 2017, at 10 a.m. at the Tift College
State Offices in Forsyth, Georgia. This will serve as an opportunity for MSB Licensees to learn about the
examination process as well as any updates regarding the Department's laws and rules.
The class will take place at the following location:
State Offices South at Tift
Vinzant Classroom #113
300 Patrol Road
Forsyth, GA 31029
Email [email protected] to reserve your seat(s). Be sure to provide your name(s), company name, and
license number.
If you are unable to attend this session, please refer to the information above for a listing of remaining Atlanta
classes for 2017.
Upcoming 2017 State Holidays—State Offices Closed
State Holiday — Will be observed on Monday, April 24
th
Memorial Day — Monday, May 29th
Independence Day — Tuesday, July 4th
Page 4 1st Quarter 2017
Corresponding with the Department
When corresponding with the Department, e-mail communication is preferred. Providing written details in the e-mail 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 [email protected].
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.
Department Contact Information
NAME E-MAIL ADDRESS PHONE#
Fernando Ornelas, Supervisory Examiner [email protected] (770) 986-1313
Ana Contreras, Senior Assistant Financial Examiner [email protected] (770) 986-1652
Byron Larios, Assistant Financial Examiner [email protected] (770) 986-1639
1st Quarter 2017 Page 5
2990 Brandywine Road
Suite 200
Atlanta, Georgia 30341-5565
Phone: (770) 986-1633
Fax: (770) 986-1655 or 1029
Email: [email protected]
Georgia Department of Banking and Finance
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
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If you would like to be added to our distribution list, please go to the Quick Links
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[email protected] but will originate from <Department of Banking and
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The Department is the state agency that regulates and examines Georgia state-
chartered 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, sellers-
issuers 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.