Money Transmitters and Currency Exchangers

Washington Money Transmitters and Currency Exchangers are regulated by the Division of Consumer Services . More about the Division of Consumer Services.

Authorized Delegates Reporting
The Department of Financial Institutions would like to remind licensees that reporting additions, changes, or terminations of authorized delegates must be done pursuant to the timing requirements of WAC 208-690-120. The Department would also like to remind licensees that pursuant to WAC 208-690-035(4), they must receive prior approval for Authorized Delegates physically located outside of the state of Washington. Please see the section on Authorized Delegates below for more information about complying with updated Authorized Delegate reporting requirements.

Licensing and Forms

• Apply for a License
  Information on how to apply for a Washington Money Transmitter or Currency Exchanger license.
• Annual Assessments
  How to file your annual assessment.
• Money Transmitter Company License Annual Attestation (Renewal)
  Information about annual attestation (renewal).
• Licensing Frequently Asked Questions
  Answers to frequently asked questions about money transmitter licensing.
• Applications and Forms
  Applications and forms for Washington Money Transmitters and Currency Exchangers.
• Authorized Delegates
  All Money Transmitter and Currency Exchangers must report their authorized delegate additions, deletions, and changes through the NMLS system. Payments for these changes are made through the NMLS system as well.
• Fees Clarification
  A key element to a successful application submission is submitting the correct fees. A shortage of fees can create a delay in processing. Read our information about fees.
• Box Upload Procedures
  How to transfer files to DFI using BOX.com.

Laws and Regulation

• Laws and Rules
  Listing of laws and rules of interest to Money Transmitters and Currency Exchangers.
• Interpretive Statements
  Interpretations from the Division of Consumer Services clarifying laws and rules of interest to Washington Money Transmitters and Currency Exchangers.
• Rulemaking
  Current rulemaking activity being conducted by the Division of Consumer Services.

Examinations

• Examination Information
  Information about how to prepare for an exam, common violations, and frequently asked questions.

Virtual Currency

• Virtual Currency Regulation
  Information about virtual currency regulation.

Resources

• Developing A Risk Assessment Guidance (pdf)
  This guide serves as a starting point to assist our Money Services licensees in developing a risk assessment of their own.
• Information Security Resources
  Information and resources from DFI regarding the security of consumer information.

Consumer Assistance

• File a Complaint
  Problems with a Money Transmitter or Currency Exchanger? File a complaint with DFI.
• Verify Licenses
  Verify a license of a Washington Money Transmitter or Currency Exchanger.