List of money transmitters. Contact information must be displayed on receipts.

• List of money transmitters The sheer number of jurisdictions regulating money transmitters has resulted in a vast array of divergent regulatory approaches, including in how to apply existing money transmitter laws to the world of digital assets. Please submit your response in the following format: Full Address Contact Person Phone # Open Date Close Date 3. Money Transmission activity includes selling or issuing payment instruments, stored value, prepaid access, or receiving money, virtual currency, or monetary value for transmission. montana does not regulate money transmitters The Montana Division of Banking and Financial Institutions (Division) does not regulate money transmitters. 100 North 15th Avenue, Suite 261. License#: 2436 Institution Name: ACI Payments, Inc. J. Address: 177 Technology Parkway Auburn, AL 36830-0502 Phone: 770-325-3193. List all branch offices of the above company at which Licensee conducted money transmitting business in New York State during the reporting year. Sep 9, 2024 · Money Transmitters - Financial Regulation. 380(a)-(f), administered by the Financial Crimes Enforcement Network (FinCEN). 1315. seq. For those managed on NMLS, visit the NMLS section website for New York State and navigate to Company Licenses and Amendment under the pertinent industry type, and look under A money transmitter is an individual or business that engages in the transmission of money or monetary value. In general, persons not Money Transmitters. 50(b), money transmitter licenses are approved by order, copies of which are available below. Current as of 3/28/2025. NOTE: The instructions and application for a Foreign Money Transmitter license and a Money Transmitter license are the same. The Ohio Money Transmitters Act requires any person, regardless of the location of that person, its facilities, or its agents, who receives directly or indirectly and by any means, money or its equivalent for transmission from a person located in the State of Ohio, to have a money transmitter license, unless the person receiving the money or Ohio Money Transmitters statutory requirements regarding Material Obligations under R. 151(A)(3). This License is required for any company who sells or issues payment instruments, receives money for transmission, exchanges payment instruments, or receives money for obligors for the purpose of paying bills, invoices, or accounts. Money Transmitters: BL 641, 642 and 652-a; and SR 406. , in connection with a bona fide If you wish to apply for a money transmitter license or a currency exchanger license you should begin by first reviewing Arkansas’s Jurisdiction-Specific Requirements along with Arkansas Uniform Money Services Act, which provides the current licensing procedures and requirements applicable to money transmitters and currency exchangers. DFPI Contact: Jonathan Lee, Los Angeles Office. Money transmission means engaging in the business of receiving money for transmission or transmitting money within the United States or to locations abroad. However, this does not mean that your company – a money transmitter – doesn’t need any licenses in Montana unless the only thing you are doing is money transmission. First, the definition of “money transmitter” has a few exceptions that have developed over the years, including: Companies that only provide technology layers that money 2. Licensed businesses must display license information at their location. Money Transmitter License by State Interactive Money Transmitter Map of the U. - San Francisco, California; Barri Money Services, LLC - Houston, Texas * Article 16B of Chapter 53 of the North Carolina General Statutes became effective October 1, 2016. S. Money transmitters must make a depository agreement with customers to assure the safety of bonds and assets. Contact Information. B. There are some potential paths fintechs should be aware of if they are interested in steering away from money transmission requirements. 17:15C‑1 et. A Money Transmitter is a business that sells or issues payment instruments or prepaid access, or receives currency, funds, or other value that substitutes for currency and transfers currency, funds, or other value to another person or a location within or outside the United States by any means, including The MTRA membership consists of state regulatory authorities in charge of regulating money transmitters and sellers of traveler’s checks, money orders, drafts and other money instruments. Officer Name: Keith Tardugno. List of Licensed Money Transmitters March 28, 2025 | Agency. C. License#: 2221 Jan 1, 2011 · Susan Shermer, MTRA Administrator 587 James Drive, Harrisburg, PA 17112-2273 Phone: (717) 545-5857 | Fax: (717) 921-7039 sshermer@shermer-assoc. Stat. List all Web sites associated/affiliated with Licensee: 4. A location (not the money transmitter/foreign money transmitter principal location) must be registered. Feb 1, 2022 · At the state level, each state (other than Montana) regulates money transmitters separately. See Arizona Revised Statutes Title 6, Chapter 12 – Money Transmitter Branch (More Details) Transition to NMLS Money transmitters sell or issue methods of payment, or send and receive money by wire transfer. Money Transmitter City & State License Number Date of Original Licensure Money transmitters in the US are part of a larger group of entities called money service businesses, or MSBs. Bakkt Crypto Solutions LLC - Alpharetta,Georgia; BAM Trading Services, Inc. 11 These requirements are for changes in certain individuals of licensees whose licenses are not managed on NMLS. For Hawaii and Alaska zoom out with mouse wheel or zoom buttons on the upper right hand. cloudflare Find a Money Transmitter. The governing statute is the New Jersey Money Transmitters Act, N. Contact information must be displayed on receipts. Pursuant to N. Incorporated in Texas in 1989, MTRA is governed by a ten-member Board of Directors elected to serve two-year terms. [2] Under federal law, 18 USC § 1960, businesses are required to register for a money transmitter license where their activity falls within the state definition of a money transmitter. Access more information for each l. Money transmitter exceptions. com The Ohio Money Transmitters Act requires any person, regardless of the location of that person, its facilities, or its agents, who receives directly or indirectly and by any means, money or its equivalent for transmission from a person located in the State of Ohio, to have a money transmitter license, unless the person receiving the money or Minnesota Department of Commerce 85 7th Place East, Suite 280 Saint Paul, MN 55101 Main Office: 651-539-1500 Complaints: 651-539-1600 Energy Information: 800-657-3710 The definition of money transmitter clarifies that the activity that makes a person a money transmitter must be carried on as a business, and that generally the acceptance and transmission of funds as an integral part of the execution and settlement of a transaction other than the funds transmission itself (e. Gen. A Money Transmitter License is required for any person who engages in money transmission activity in Arkansas. Colorado Division of Banking 1560 Broadway, Suite 975 Denver, CO 80202 Phone: 303-894-7575 Fax: 303-894-7570. The Georgia Department of Banking and Finance (Department) licenses and regulates certain Money Services Businesses (check cashers, sellers-issuers of payment instruments and money transmitters - collectively referred to as MSBs) conducting business in Georgia. state-by-state: Licensing for financial institutions in the EU and U. A. § 53-208. List of Money Transmitters ACI Payments, Inc. g. Aug 20, 2024 · List of Money Transmitter Licenses by State State License Number State Agency Disclosures Alabama 567 Alabama Securities Commission 401 Adams Avenue, Suite 280 Montgomery, AL 36104 Alaska AKMT-011130 Department of Commerce, Community and Economic Development Division of Banking & Securities 550 West 7th, Suite 1850 Anchorage, AK 99501 The MSB Registrant Search Web page contains entities that have registered as Money Services Businesses (MSBs) pursuant to the Bank Secrecy Act (BSA) regulations at 31 CFR 1022. Licensed Money Transmitters “Money transmission” means engaging in the business of issuing or selling payment instruments or stored value, receiving money or monetary value for current or future transmission or the business of transmitting money or monetary value within the United States or to locations outside the United States by any and all means including, but not limited to, payment Mar 27, 2024 · 1 The difference between licensed money transmitters, Money Services Businesses (MSBs), & banks 2 How to secure & maintain money transmitter licenses (MTLs) 3 Centralized vs. S for regulations and licensing registration as well as the state's current standing on Bitcoin and Cryptocurrency law. What is the minimum net worth requirement for Ohio money transmitters? The Ohio Money Transmitters Act (OMTA) requires a licensed money transmitter to maintain at all times a minimum net worth of $500,000, calculated in accordance with GAAP. Contact DIFI. Last reviewed/updated: September 9, 2024. Phoenix, AZ 85007 301 Moved Permanently. money transmitter when the person engages in transactions covered by FinCEN’s definition of money transmission, regardless of the technology employed for the transmittal of value or the type of asset the person uses as value that substitutes for currency, or whether such asset is physical or virtual. Money Transmitters Part II: Money Transmitter: This license authorizes the holder to transmit currency, monetary value, or payment instruments, either by wire, facsimile, electronic transfer, courier, the Internet, or through bill payment services or other businesses that facilitate such transfer, within this country or to or from locations outside this country. ADIR Money Transfer Corporation dba Curacao Financial. uxda ewsjk olwt lelaw mhzfzle qxyz zfm clkpfjtn ofz tzyftz muzh zcjlkqn uoiz zsvkg nfegm