Money Transmitter / Foreign Money Transmitter Delegate / Location Registration Application - New Jersey

Money Transmitter/Foreign Money Transmitter Delegate/Location Registration Application is a legal document that was released by the New Jersey Department of Banking and Insurance - a government authority operating within New Jersey.

FAQ

Q: What is a money transmitter?
A: A money transmitter is a financial institution or business that provides services to facilitate the transfer of money.

Q: What is a foreign money transmitter delegate?
A: A foreign money transmitter delegate is an individual employed by a foreign money transmitter to conduct money transmission activities on their behalf.

Q: Do I need to register as a money transmitter in New Jersey?
A: Yes, if you engage in money transmission activities in New Jersey, you must register as a money transmitter.

Q: How do I apply for a money transmitter registration in New Jersey?
A: To apply for a money transmitter registration, you need to complete and submit the Money Transmitter/Foreign Money Transmitter Delegate/Location Registration Application form to the New Jersey Department of Banking and Insurance.

Q: What documents do I need to include with my registration application?
A: You need to include a copy of your company's formation documents, the Certificate of Authority to do business in New Jersey, a list of officers and directors, and other required documents as specified in the application instructions.

Q: Is there a fee for registering as a money transmitter in New Jersey?
A: Yes, there is an application fee, as well as an annual license fee for money transmitters in New Jersey.

Q: Are there any ongoing reporting or compliance requirements for registered money transmitters?
A: Yes, registered money transmitters are required to submit annual reports, maintain records of transactions, and comply with anti-money laundering regulations and other applicable laws and regulations.