Financial Crime World

Georgia Banking Regulatory Bodies Take Center Stage Amidst Global Reforms

The Department of Banking and Finance, a state organization responsible for regulating and examining banks, credit unions, and trust companies chartered by the state, is playing a crucial role in Georgia’s banking landscape. The department’s oversight extends to:

  • Mortgage brokers
  • Lenders
  • Processors
  • Originators
  • Money service businesses
  • International banking organizations
  • Bank holding companies operating in the state

Implementing Regulatory Measures

Georgia’s Department of Banking and Finance has been at the forefront of implementing regulatory measures to ensure the stability and integrity of the state’s financial system. In an era of global reforms and increased scrutiny of banking practices, the department is working diligently to maintain its regulatory authority over a diverse range of financial institutions.

Scope of Responsibility

The department’s scope of responsibility includes:

  • Examining banks, credit unions, and trust companies chartered by the state
  • Licensing and regulating mortgage brokers, lenders, processors, and originators
  • Maintaining oversight of money service businesses, including:
    • Money transmitters
    • Sale of check companies
    • Check cashers

Headquarters and Operating Hours

The department is headquartered in Atlanta, Georgia, and is accessible to the public during regular business hours. The physical address is:

2990 Brandywine Road, Suite 200, Atlanta, GA 30341-5565

Operating hours are from Monday to Friday between 8:00 a.m. and 5:00 p.m.

Commitment to Public Service

As Georgia’s banking regulatory body continues to navigate the complexities of global financial reforms, it remains dedicated to upholding the highest standards of integrity, transparency, and accountability in the state’s banking sector. With its robust regulatory framework and commitment to public service, the Department of Banking and Finance is well-positioned to ensure the continued stability and growth of Georgia’s economy.