Money Services Industry Update


Licensing Updates

License Types As of November 2020 As of November 2019
Money Transmitter - Main 216 201
Money Transmitter - Authorized Delegates 9,638 10,416
Currency Exchanger - Main 8 8
Currency Exchanger - Authorized Delegates 4 4

NMLS Annual Attestation

The start of November means it is time to get ready to complete the annual attestation for your Washington license. Account administrators for licensees already received emails about what NMLS calls the “annual renewal period.” Because the Money Transmitter and Currency Exchanger licenses are perpetual, the license does not renew, but licensees must attest to the accuracy of their NMLS record and pay the annual NMLS system fee. Here are some specific details:

  • Complete the annual attestation between November 1 and December 31 each year.
  • NMLS System Fees are $100 for the main office.
  • The following steps should be done now to prepare for the annual attestation:
    • Log into NMLS to review and clear all license items
    • Review the company record for accuracy as the attestation is a legal certification that the record is accurate.

Important Notes:

  • The NMLS annual attestation does not replace your annual assessment, which is due by July 1.
  • If you are not going to maintain your license, you must request surrender through NMLS and provide the Department with the required closure documents.
    Money Transmitter Closure or Currency Exchanger Closure