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With few exceptions, each money services business (MSB) must register with the Department of the Treasury.

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- State Money Transmitter Licenses

The Bank Secrecy Act (BSA), which requires money services businesses (MSB) to register with the U.S. federal government using FinCEN Form 107, clearly states that the FinCEN Form 107 registration requirement "shall not be construed as superseding any requirement of State law relating to money transmitting businesses operating in such State." This means that each MSB must investigate and adhere to the licensing requirements of each state that the MSB operates in. Failure to comply with state licensing and/or registration requirements may lead to violation of both state law and federal law. (See Money Service Business Compliance). For more information about FinCEN registration requirements, visit the Money Services Business FAQs.

Follow the below links to learn more about money transmitter licensing requirements, state by state, with the names of relevant State regulators and their respective websites:

Learn more about our money services business (MSB) registration services.

***NEW***Find out if your MSB banking question is answered in the new bank professional MSB Banking Guide. What's your toughest MSB banking question?

Alabama money transmitter license
Alabama Securities Commission
www.asc.state.al.us

Alaska money transmitter license
Alaska Department of Commerce, Community, and Economic Development, Division of Banking and Securities
commerce.alaska.gov/bsc/home.htm

Arizona money transmitter license
Arizona Department of Financial Institutions
www.azdfi.gov

Arkansas money transmitter license
Arkansas Securities Department
www.state.ar.us/arsec

California money transmitter license
California Department of Financial Institutions
www.dfi.ca.gov

Colorado money transmitter license
Colorado Department of Regulatory Agencies, Banking Division
www.dora.state.co.us

Connecticut money transmitter license
Connecticut Department of Banking
www.state.ct.us/dob

Delaware money transmitter license
Delaware Office of the State Banking Commissioner
www.state.de.us/bank

District of Columbia (D.C.) money transmitter license
District of Columbia Department of Insurance, Securities and Banking
www.disb.dc.gov

Florida money transmitter license
Florida Office of Financial Regulation
www.flofr.com

Georgia money transmitter license
Georgia Department of Banking and Finance
www.dbf.georgia.gov

Guam money transmitter license
Guam Department of Revenue and Taxation
www.guamtax.com/about/regulatory.html

Hawaii money transmitter license
Hawaii Department of Commerce and Consumer Affairs, Division of Financial Institutions - Banking
hawaii.gov/dcca/dfi

Idaho money transmitter license
Idaho Department of Finance, Securities Bureau
finance.idaho.gov

Illinois money transmitter license
Illinois Department of Financial Institutions
http://www.idfpr.com/

Indiana money transmitter license
Indiana Department of Financial Institutions
www.in.gov/dfi/

Iowa money transmitter license
Iowa Division of Banking
www.idob.state.ia.us

Kansas money transmitter license
Kansas Office of the Banking Commissioner
www.osbckansas.org

Kentucky money transmitter license
Kentucky Department of Financial Institutions
www.kfi.ky.gov

Louisiana money transmitter license
Louisiana Office of Financial Institutions, Non-Depository Services Division
www.ofi.state.la.us

Maine money transmitter license
Maine Department of Professional and Financial Regulation, Office of Consumer Credit Regulation
www.maine.gov/pfr/consumercredit/index.shtml

Maryland money transmitter license
Maryland Department of Labor, Licensing and Regulations, Commissioner of Financial Regulation
www.dllr.state.md.us

Massachusetts money transmitter license
Massachusetts Division of Banks
www.mass.gov/dob

Michigan money transmitter license
Michigan Department of Consumer and Industry Services, Office of Financial and Insurance Services
www.michigan.gov/lara

Minnesota money transmitter license
Minnesota Department of Commerce, Division of Financial Services
mn.gov/commerce/

Mississippi money transmitter license
Mississippi Department of Banking and Consumer Finance
www.dbcf.state.ms.us

Missouri money transmitter license
Missouri Division of Finance
finance.mo.gov/

Montana money transmitter license
Montana Division of Banking and Financial Institutions
banking.mt.gov/default.mcpx

Nebraska money transmitter license
Nebraska Department of Banking and Finance, Financial Institutions Division
www.ndbf.org

Nevada money transmitter license
Nevada Financial Institutions Division
www.fid.state.nv.us

New Hampshire money transmitter license
New Hampshire Banking Department
www.nh.gov/banking/

New Jersey money transmitter license
New Jersey Department of Banking and Insurance
www.state.nj.us/dobi/index.html

New Mexico money transmitter license
New Mexico Regulation and Licensing Department, Financial Institutions Division
www.rld.state.nm.us/fid

New York money transmitter license
New York Banking Department, Licensed Financial Services Division
www.dfs.ny.gov/

North Carolina money transmitter license
North Carolina Office of the Commissioner of Banks
www.nccob.gov/public/

North Dakota money transmitter license
North Dakota Department of Financial Institutions
www.nd.gov/dfi/

Northern Mariana Islands money transmitter license
CNMI Office of the Secretary of Commerce, Division of Banking
commerce.gov.mp/divisions/banking/

Ohio money transmitter license
Ohio Department of Commerce, Division of Financial Institutions
www.com.state.oh.us

Oklahoma money transmitter license
Oklahoma State Banking Department
www.ok.gov/banking/

Oregon money transmitter license
Oregon Department of Consumer and Business Services, Division of Finance and Corporate Securities
www.oregondfcs.org

Pennsylvania money transmitter license
Pennsylvania Department of Banking, Bureau of Licensing, Compliance and Consumer Services
www.banking.state.pa.us

Puerto Rico money transmitter license
Commissioner of Financial Institutions of Puerto Rico
www.ocif.gobierno.pr/index_eng.html

Rhode Island money transmitter license
Rhode Island Department of Business Regulation, Division of Banking
www.dbr.state.ri.us

South Carolina money transmitter license
South Carolina Board of Financial Institutions, Consumer Finance Division
www.consumerfinance.sc.gov/

South Dakota money transmitter license
South Dakota Division of Banking
dlr.sd.gov/banking/default.aspx

Tennessee money transmitter license
Tennessee Department of Financial Institutions
www.tennessee.gov/tdfi/

Texas money transmitter license
Texas Department of Banking
www.banking.state.tx.us

Utah money transmitter license
Utah Department of Financial Institutions
www.dfi.state.ut.us/

Vermont money transmitter license
Vermont Department of Banking, Insurance, Securities and Health Care
www.bishca.state.vt.us

Virgin Islands (U.S.) money transmitter license
U.S. Virgin Islands Division of Banking and Insurance
ltg.gov.vi/division-of-banking-and-insurance.html

Virginia money transmitter license
Virginia State Corporation Commission, Bureau of Financial Institutions
www.scc.virginia.gov/

Washington money transmitter license
Washington Department of Financial Institutions, Consumer Services Division
www.dfi.wa.gov

West Virginia money transmitter license
West Virginia Division of Banking
www.wvdob.org

Wisconsin money transmitter license
Wisconsin Department of Financial Institutions, Division of Banking, Licensed Fiancial Services Section
www.wdfi.org

Wyoming money transmitter license
Wyoming Department of Audit, Division of Banking
audit.state.wy.us/banking/



 
  • Money Service Business License
New FinCEN Form 107 Registration Package. Everything you need to comply and move on. US$799.95 everyday value rate includes 30 minutes of MSB legal advice.
  • FinCEN Form 107 Registration Guide;
  • MSB BSA/AML Risk Assessment (template);
  • MSB Anti-Money Laundering Program (template);
  • Designation of Compliance Officer (template);
  • Independent Audit Function Assignment (template);
  • Business Volume Annual Estimate (template);
  • MSB Ownership and Control Information (template);
  • MSB Agent List (template).

Call now: 1 646 435 0668.

  • Anti Money Laundering Procedures
If you own or operate a money services business, a documented Bank Secrecy Act anti money laundering risk assessment (BSA / AML Risk Assessment) may help you avoid IRS examiners. Click to learn more.
 
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