Money Services Industry Update

Licensing Updates

License Types As of May 2021 As of May 2020
Money Transmitter - Main 224 212
Money Transmitter - Authorized Delegates 9,316 10,357
Currency Exchanger - Main 8 8
Currency Exchanger - Authorized Delegates 4 4

Money Transmitters and Currency Exchangers Annual Assessments

The annual assessment filing system is open for Money Transmitters and Currency Exchangers. The assessment filing is due by close of business on July 1, 2021. In order to avoid late fees and penalties, all assessment reports and payments must be filed by 5pm Pacific Standard Time on July 1. A complete filing includes the submission of the annual assessment online, the upload of all necessary documents into NMLS, an attestation to the accuracy of the report, and electronic payment made through the online filing system. Licensees are strongly encouraged to start the process early to ensure a timely filing.

Visit the Money Transmitter and Currency Exchangers Annual Assessment page for instructions, more information and links to the online system. Email with any questions.

Authorized Delegate Reporting

If you have authorized delegates, be sure you stay current on your reporting. The reporting of any change to authorized delegates must happen within 30 days of the change.

Uploading Authorized Delegate (Agent) Quick Guide