Money Services Industry Update
|License Types||As of February 2021||As of February 2020|
|Money Transmitter - Main||219||205|
|Money Transmitter - Authorized Delegates||9,548||10,703|
|Currency Exchanger - Main||8||8|
|Currency Exchanger - Authorized Delegates||5||5|
Q4 MSB Call Report Filing Deadline
Don’t forget! The filing deadline for the Q4 2020 MSB Call Report is March 31. Licensee should review their numbers prior to filing and/or make any amendments as necessary to ensure complete and accurate information.
Multi-State MSB Licensing Agreement Update
The Multi-State MSB Licensing Agreement (MMLA) program continues to accept applications from entities seeking licensure in multiple states. The MMLA has received 60 applications and issued 260 licenses.
Reminder –Authorized Delegate Reporting
Don’t forget! Any authorized delegate change must be reported within 30 days of the change. All reporting is done through NMLS.