Compliance & Legal 

Associated Foreign Exchange, Inc. (“AFEX”) is licensed and regulated as a Money Transmitter by the below Regulatory State Agencies. AFEX is also registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury (Document Control Number: 20113470000126).

State

License Number

Regulatory Authority

Statute

Alaska

10124

State of Alaska Department of Commerce, Community and Economic Development, Division of Banking and Securities

Alaska Money Services Act

Arizona

MT-0923654

Arizona Department of Financial Institutions

Transmitters of Money Act

Arkansas

112205

Arkansas Securities Department

Uniform Money Services Act

California

2275

California Department of Business Oversight

Money Transmission Act

Colorado

500203

Colorado Department of Regulatory Agencies, Division of Financial Services

Money Order Act

Connecticut

31670

Connecticut Department of Banking, Consumer Credit Division

Money Order and Travelers Check Licensees Act

Delaware

 

Delaware Office of the State Bank Commissioner

The Sale of Checks Act

District of Columbia

MTR8930

Department of Insurance, Securities and Banking

Money Transmitter Law

Florida

FT230000098

Florida Office of Financial Regulation, Division of Consumer Finance

Money Transmitters Code

Georgia

36546

Georgia Department of Banking and Finance, Money Transmitters Division

Sale of Checks Act

Hawaii

HIMT094

Hawaii Department of Commerce and Consumer Affairs, Division of Financial Institutions

Money Transmitters Act

Idaho

MTL-0211

Idaho Department of Finance,  Securities Bureau

Money Transmitters Act

Illinois

MT 196

Illinois Department of Financial and Professional Regulation

Transmitters of Money Act

Iowa

2017-0074

Iowa Division of Banking

Money Services Act

Kansas

MT-0000049

Kansas Office of the State Bank Commissioner, Money Transmitter Division

Money Transmitters Act

Kentucky

SC93759

Kentucky Department of Financial Institutions, Non-Depository Division

Kentucky Money Transmitters Act of 2006

Louisiana

 

Louisiana Office of Financial Institutions, Depository Division

Sale of Checks and Money Transmission Act

Maine

MD1489

Maine Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection

Money Transmitters Act

Maryland

1026001

Maryland Commissioner of Financial Regulations

Maryland Money Transmitters Act

Michigan

MT 0018595

Michigan Department of Insurance and Financial Services

Money Transmission Services Act

Mississippi

1026001

Mississippi Department of Banking, Consumer Finance Division

Sale of Checks Act

Missouri

MO-18-8158

Missouri Division of Finance

Sale of Checks Law

Nebraska

1026001

Nebraska Department of Banking and Finance

Sale of Checks Act

New Hampshire

18207-MT

State of New Hampshire Banking Department

Money Transmission Act

New Jersey

L066367

New Jersey Department of Banking and Insurance

Money Transmitters Act

New Mexico

 

New Mexico Regulation and Licensing Department, Financial Institutions Division

Uniform Money Services Act

New York

MT 101435

New York State Department of Financial Services, Banking Department

Money Transmitters Act

North Dakota

MT102537

North Dakota Department of Financial Institutions, Consumer Division

Money Transmitters Act

Ohio

OHMT 087

Ohio Department of Commerce, Division Of Financial Institutions

Transmitters of Money Law

Oklahoma

 

Oklahoma Banking Department, Money Transmitter Division

Oklahoma Financial Transactions Reporting Act

Oregon

MTX-30134

Oregon Department of Consumer and Business Services, Division of Financial Regulation

Money Transmitters Act

Pennsylvania

43572

Pennsylvania Department of Banking and Securities

Licensing Business of Transmitting Money or Credit Act

Puerto Rico

TM-075

Puerto Rico Commissioner of Financial Institutions, Regulation and Licensing Division

Laws to Regulate the Business of Money Transfers

Rhode Island

20132884MT

Rhode Island Department of Business Regulation, Division of Banking

Sale of Checks and Electronic Money Transfers Law

South Dakota

MT.2135

South Dakota Department of Labor and Regulation, Division of Banking

Money Transmission Laws

Tennessee

173

Tennessee Department of Financial Institutions

Tennessee Money Transmitter Act

Texas

3078

Texas Department of Banking, Money Services Businesses

Money Services Business Statute

United States Virgin Island

MT-20

U.S. Virgin Islands Office of the Lieutenant Governor

Money Transmitter Act

Utah

100

Utah Department of Financial Institutions, Non-Depository Division

Check Cashing Registration Act

Vermont

100-059

State of Vermont, Department of Financial Regulation

Money Services Act

Virginia

MO-282

Commonwealth of Virginia
State Corporation Commission, Bureau of Financial Institutions

Money Order Sales and Money Transmission Services

Washington

550-MT-84093

Washington Department of Financial Institutions, Division Of Consumer Services

Uniform Money Services Act

West Virginia

MT-1026001

West Virginia Division of Financial Institutions

Issuance and Sale of Checks, Drafts and Money Orders Act

Wisconsin

184

Wisconsin Department of Financial Institutions, Division of Banking

Seller of Checks

AFEX does not provide services to businesses or individuals located in Alaska, Arkansas, Delaware, Idaho, Nebraska, Puerto Rico, or South Dakota.
AFEX does not provide services to individuals located in Indiana, Iowa, Massachusetts, Mississippi, Nevada, North Carolina, or Wisconsin. AFEX does not provide Money Transfer services to individuals located in Minnesota or Wyoming.
AFEX does not sell drafts in Georgia or New Mexico.