Skip to content
Back to Top

Notice of Office Closure

The Alaska Department of Commerce, Community and Economic Development offices will be closed to the public on November 23rd and 24th. We will be closed November 23rd in observance of the Thanksgiving holiday and November 24th is an unpaid furlough day for employees to reduce state expenses.

Division of Banking and Securities

Director's portrait

Ms. Kevin Anselm
Division Director

Headlines

Proposed Financial Institution and Banking Regulations are open to public comment.

Click here to view Financial Institution regulations under 3 AAC 01. Click here to view Banking regulations under 3 AAC 02. Regulations are open to public comment through December 18, 2018. Questions and comments can be submitted to dbsregs@alaska.gov .

NEW! Updated Money Services regulations have been approved and are effective November 22, 2017.

Click here to view the regulations. Money Services Businesses will be required to license through the Nationwide Multistate System and Registry (NMLS) beginning on January 1, 2018. New fees are effective on license renewals and new applications filed with the division on or after November 23, 2017.   

Learn to Recognize the Red Flags of Guardian Financial Abuse.

A trusted financial guardian can be a wonderful resource, but sometimes guardians take advantage of the people or assets in their care. Learn to recognize the red flags of guardian financial abuse. Click here to read the full press release and brochure.

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.