Division of Banking and Securities Tracy Reno Division Director Program Overview The division regulates state depository and non-depository financial institutions, administers and enforces Alaska's financial services laws, and provides information for consumers, investors, entrepreneurs, and regulated industries. The division has three primary functional areas; licensing, examinations, and enforcement. Division staff answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities. Changes to Alaska Native Claims Settlement Act (ANCSA) Corporation Filing Requirements On June 25, 2026, HB126 became law and changes which Alaska Native Claims Settlement Act (ANCSA) Corporations meet the Division’s filing requirements under AS 45.55.139. Full details regarding the changes can be found here. Section 2 has amended language. Consumer Alert – Bitcoin Depot Customers May Be Eligible for Refund Bitcoin Depot Operating, LLC. (Bitcoin Depot) which operated cryptocurrency ATM kiosks, filed for bankruptcy last month and has ceased operations. Alaska consumers of Bitcoin Depot may be eligible for compensation for outstanding funds. What happened: Bitcoin Depot filed for in the U.S. Bankruptcy Court for the Southern District of Texas in May 2026 and has taken its network of bitcoin ATMs offline. Bitcoin Depot previously operated in 33 states. It held money transmission license number AKMT-013176 with the Alaska Division of Banking and Securities. What to know if you have an outstanding refund from Bitcoin Depot: Alaska consumers who have a claim against Bitcoin Depot may file a claim in the bankruptcy case, call the restructuring hotline at (844) 339-4117 (Toll-Free US/Canada) / + 1 (332) 232-7827 (International) or email BitcoinDepotInfo@ra.kroll.com. Who do I contact if I have additional questions? Please find additional details in the Alaska Department of Law’s Consumer Protection Unit’s press release here. If you have questions, please contact the Consumer Protection Unit at 907-269-5200. Investor Alert - BG Wealth Sharing and DSJ Exchange The Alaska Division of Banking and Securities cautions Alaskans regarding a possible fraudulent investment scheme being advertised on various internet websites by the name of BG Wealth Sharing LTD associated with a cryptocurrency trading platform called DSJ Exchange PTY Ltd. The investments involve cryptocurrency, communication occurs using private messaging apps, rotating internet domain addresses, and promises of guaranteed AI based returns. Investors are learning about this through social media and word of mouth with investors recruiting family and friends to the program with promises of increased earnings or referral bonuses. The entities falsely imply global regulatory approval, and several U.S. states and international regulators have issued alerts or taken enforcement action. Alaskans should avoid sending money, cryptocurrency, or information to anyone associated with BG Wealth or DSJ Exchange. Investors can contact the Division of Banking and Securities at (907) 269-8140 or email securities@alaska.gov. Please find additional details in the press release here. Notice of Public Scoping under Administrative Order 360 The Department of Commerce, Community, and Economic Development, Division of Banking and Securities (DBS), is issuing a Notice of Public Scoping under Administrative Order 360 regarding possible regulatory changes affecting all financial industries regulated by DBS. In response to Administrative Order 360, DBS will solicit written and oral comments from affected industries, community organizations, and the general public. The purpose of this process is to gather ideas, suggestions, and input before staff drafts or proposes any specific regulation amendments or repeals for public review. Public Meetings DBS will hold listening sessions for each regulatory program area via Microsoft Teams on the dates and times listed below. Oral comments may be submitted during these stakeholder engagement meetings by joining through Microsoft Teams or by telephone. There will be no in-person attendance. All stakeholders are encouraged to also submit written comments to ensure their full input is included in the record for consideration. Additional details and a registration link for each meeting of interest is provided in the PDF linked below. Alaska Native Claims Settlement Act – October 15, 2025, 9:00 a.m. AKST Mortgage - October 15, 2025, 10:00 a.m. AKST Securities – October 15, 2025, 11:00 a.m. AKST Uniform Land Sales Practices Act - October 15, 2025, 1:00 p.m. AKST Deferred Deposit Advances - October 15, 2025, 3:00 p.m. AKST Money Services - October 16, 2025, 9:00 a.m. AKST Small Loans - October 16, 2025, 11:00 a.m. AKST Premium Financing - October 16, 2025, 2:00 p.m. AKST Trust Company Act - October 22, 2025, 9:00 a.m. AKST Credit Unions - October 22, 2025, 11:00 a.m. AKST Banks and Financial Institutions - October 22, 2025, 2:00 p.m. AKST Notice of Proposed Changes in Regulations of Proxy Solicitations for ANCSA Corporations. DCCED proposes changes to regulations dealing with the solicitation of proxies for Alaska Native Claims Settlement Act (ANCSA) corporations, clarifying definitions, filing requirements, and repealing obsolete or reorganized provisions. An outline of the proposed changes and draft regulations can be found here or on the Alaska Public Notice System. The proposed regulation changes are currently out for public comment and interested persons are encouraged to read the entire document and provide written comments to the Division through September 8, 2025, at 4:30 pm. Regulation Updates Money Transmitter Regulations Changes Effective January 1, 2023. Banking regulation changes effective December 27, 2023. Mortgage Lending regulation changes effective February 6, 2020. Deferred Deposit Advance (Payday Lender) regulation changes effective December 21, 2019. 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.