Division of Banking and Securities Ms. Kevin Anselm Division Director Headlines Three Alaska Residents and Four Corporations Charged with Defrauding Investors of Over $1 Million Financial Firms Urged to Watch for Signs of Elder Financial Fraud and Exploitation Alaskans Invited to DASH for the STASH to Compete for $1000 Prize Alaskans Reminded to Closely Monitor Financial Accounts Division Cautions Retirees about Pension Advance Scams Archived Headlines Consumer Alert Consumer Tips: Equifax Data Breach -The national credit reporting bureau Equifax issued a notice to the public that on July 29, 2017, consumer information was accessed that included names, social security numbers, birth dates, addresses, and in some cases driver’s license numbers. Proposed Changes to Money Services Regulations are open to public comment through August 2, 2017. Click here to view the proposed regulations. The regulations streamline licensing through the Nationwide Multistate Licensing System and Registry (NMLS), update fees for money services licensees, and update and clarify various sections throughout 3 AAC 13. Program Overview The Division of Banking and Securities regulates state depository and non-depository financial institutions, administers and enforces Alaska’s financial services laws, and provides information to consumers, investors, entrepreneurs and the financial services industry. The division includes three sections that administer 12 statutory programs. In addition to licensing, examination and enforcement duties, division staff answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities. Banking The Banking Section charters and examines state-chartered banks, bank holding companies, credit unions, trust companies, small loan companies, business and industrial development corporations (BIDCOs), payday lenders and premium finance companies. Consumer Finance The Consumer Finance Section registers, licenses, examines and investigates complaints regarding non-depository financial institutions, including mortgage brokers, lenders and originators, as well as money service businesses that are money transmitters (wiring of funds); issuers of traveler’s checks, money orders, or stored value cards; sellers or redeemers of traveler’s checks, money orders or stored value cards; and currency dealers or exchangers. Securities The Securities and Enforcement Section examines and registers securities, securities dealers and salespersons, investment advisers and their representatives; and is the repository for Alaska Native Claims Settlement Act (ANCSA) corporation proxy information. Together, the three sections enforce the financial services laws to protect consumers, preserve the integrity of the financial systems, enhance legitimate capital formation and deter financial fraud. Disclaimer: This site is provided as a public service for general informational purposes only; it does not attempt to address specific business transactions or legal disputes. This service is not intended to be legal advice, and should not be construed as a replacement for competent legal counsel.