New York City Comptroller William C. Thompson, Jr. today advised New Yorkers to use licensed money transmitter services when sending funds to friends and relatives victimized by Hurricane Katrina.   

“Hurricane Katrina has touched all of our lives and moved many of us to take immediate action by sending money to friends and relatives,” Thompson said. “I caution New Yorkers to use licensed money service businesses to transfer funds to those in need. Unfortunately, there are many unprincipled organizations and individuals trying to capitalize on this tragedy by offering illicit services. Tragedies, such as Hurricane Katrina, can bring out the best and worst in people, and New Yorkers should be aware of the potential scams, and solely use institutions licensed by the New York State Banking Department to get aid to those desperately in need.”

New Yorkers who plan to use a money transmitter to send money to friends or relatives victimized by Hurricane Katrina should always use an institution licensed by the New York State Banking Department. Licensed providers are required to display a sign that states the business name and that they are licensed or that they are an agent of a licensed money transmitter. The New York State Banking Department has a list of licensed businesses throughout the state.  

Thompson recommended that consumers should always ask for a transaction receipt in the event that funds become lost or stolen.

For questions or concerns, please contact the Comptroller’s Community Action Center at (212) 669-3916.

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