Alaska NEW! Updated Money Services regulations are a set of rules and guidelines that regulate businesses that provide money services within the state of Alaska. These regulations include money transmission, currency exchange, and check cashing services. The regulations are designed to protect consumers by providing clarity regarding the requirements of operating a money service business and ensuring that businesses adhere to the relevant state and federal laws. The regulations cover topics such as licensing requirements, consumer protection, record keeping, anti-money laundering compliance, and reporting requirements. The regulations are effective as of November 22, 2017. There are three types of money service business licenses required under the regulations: Money Transmitter License, Currency Exchange License, and Check Cashing License. Each license has specific requirements that need to be met in order to obtain and maintain the license.