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The Department of Commerce, Community, and Economic Development offices in the Atwood Building and the Juneau State Office Building are closed to walk-in traffic at this time. We are still open for business and encourage you to contact us via phone or email.

Consumer Finance

Money Service Businesses

The Division of Banking & Securities ensures the compliance with the Alaska Uniform Money Services Act, while extending out to the community money service businesses of new requirements.

Submit MSB licensing inquiries to: msb_licensing@alaska.gov

Important Information!

  • All MSBs are required to obtain and maintain a renewable, money transmitter license, if they provide money transmission services to Alaska residents.
  • All money service businesses must be registered with FinCEN prior to applying for licensure in the State of Alaska, as a money transmitter.
  • All money service businesses must be in compliance with the U.S. Patriot Act of 2001, 31 USC 1960, in addition to incorporating the OFAC list in compliance protocols.
  • MSB Call Reports in NMLS are due 45 days after each quarter end. NMLS will automatically put license items in place for failure to file by due date.
  • Audited Financial Statements must be uploaded to NMLS after the MSB's Fiscal Year End and no later than October 31st of each calendar year.
  • Each licensee must be familiarized with the state and federal statuutes and regulations governing money service businesses. Additionally, any licensee to require that utilizes delegates must contractually obligate each authorized delegate to operate in full compliance 3AAC 13.110.

Money Service Business Links: