May 17, 2013
BATON ROUGE, LA – On May 3, 2013, the Commissioner
of the Louisiana Office of Financial Institutions (OFI), John
Ducrest, issued an Emergency Order to Cease and Desist and Suspend
the License against a licensed money transmitter, Global Money
Remittance, Inc. ("Global"), Miami, Florida. The Emergency Order is
effective immediately and requires Global's two locations in the
State of Louisiana to stop accepting funds for transfer. The
complete list of locations is below.
The OFI is currently investigating allegations
that the company has, in several instances, failed to transmit money
to intended recipients. It is unknown at this time how many
Louisiana consumers have been impacted. If you have initiated a
money transfer through Global, or InterTransfers, Inc., that has not
been delivered to the intended recipient, you should immediately
file a complaint with this Office. OFI will then notify Global's
surety bond company of your claim against Global and the bond.
For information on how to file a complaint,
consumers may visit OFI's website at and click
link located on the left panel of OFI's web page. After you have
completed and signed the complaint form, return it:
Office of Financial Institutions
Post Office Box 94095
Baton Rouge, LA 70804-9095
The following is a list of agent locations in
Louisiana at which Global Money Remittance, Inc., engaged in the
business of money transmission:
2424 Williams Blvd., Suite N
M&P Servicios Hispanos, LLC
8823 Judge Perez Dr.
For more information, contact OFI Review Examiner
Doug Buras or Deputy Chief Examiner John Fields at (225) 925-4660.