This License is required for any company who sells or issues payment instruments, receives money for transmission, exchanges payment instruments, or receives money for obligors for the purpose of paying bills, invoices, or accounts.
Who is exempt from this License? Please review A.R.S. § 6-1203.
Inquiries concerning the preparation and filing of License and renewal applications with the Department should be directed to the Licensing Division at 602-771-2800 or e-mail at [email protected]. For more detailed contact information, see the “Contact Us” tab.
Forms and Fees
Application Fees and Forms for Money Transmitters
Arizona Revised Statutes §6-126 et seq.
The following nonrefundable fees are payable to the department with the filing of the following applications.
Laws, Rules & Substantive Policy Statements & Regulatory Alerts
Arizona Revised Statutes
Chapter 12 TRANSMITTERS OF MONEY
Article 1 Licenses and Regulation
6-1202 License required
6-1204 Application for license; fees
6-1205 Bond required; conditions; notice; cancellation; substitution
6-1205.01 Net worth requirements
6-1206 Issuance of license; renewal
6-1207 Principal and branch offices; notices
6-1208 Authorized delegates of licensee; reports
6-1209 Cease and desist orders; examinations
6-1210 Suspension or revocation of licenses
6-1212 Permissible investments
6-1214 Liability of licensees
6-1215 Notice of source of instrument; transaction records
6-1216 Acquisition of control
6-1217 Appointment of superintendent as agent for service of process; forwarding of process; consent to jurisdiction
6-1218 Prohibited transactions
Article 2 Money Laundering
6-1241 Reports to the attorney general; investigation; violation; classification
Arizona Administrative Code Title 20
Substantive Policy Statements
ARTICLE 1. General Administration
CREDIT REPORTS/ARREST RECORDS GE-3
Regulatory Bulletin MT-17-01
Regulatory Bulletin MT-12-01
Regulatory Alert MT-09-01
Regulatory Alert MT-08-01
Regulatory Alert MT-03-01
Regulatory Alert MT-03-02
It is the policy of AZDFI to select the most effective and efficient methods of conducting examinations so that significant risks affecting safety and soundness, as well as substantive statutory compliance, can be identified and, if necessary, appropriate supervisory action taken. Judgment must be utilized to ensure that necessary procedures are performed and ineffective activities are avoided.
The examination fee in accordance with A.R.S. §6-125 is not more than sixty-five dollars per hour for each examiner. The assessment late penalty is fifty dollars for each day after the thirty day period the enterprise fails to remit the assessment not to exceed the examination assessment amount.
Pursuant to A.R.S. 6-122(3) examination frequency is at the Superintendent’s discretion
For questions concerning examination of your company or license, please contact the Financial Enterprise Division at 602-771-2800 or e-mail to [email protected].