(a) The Director may conduct an annual examination of a licensee or of any of its authorized delegates upon 45 days’ notice in a record to the licensee. (b) The Director may examine a licensee or its authorized delegate, at any time, without notice, if the Director has reason to believe that the licensee or […]
The Director may consult and cooperate with other state money services regulators in enforcing and administering this chapter. They may jointly pursue examinations and take such other official action that they are otherwise empowered to take.
(a) A licensee shall file with the Director within 15 business days any material changes in information provided in a licensee’s application as prescribed by the Director. (b) A licensee shall file with the Director within 45 days after the end of each fiscal quarter a current list of all authorized delegates, and locations in […]
(a) A licensee shall: (1) give the Director notice in a record of a proposed change of control within 15 days after learning of the proposed change of control; (2) request approval of the acquisition; and (3) submit a nonrefundable fee of $2,000 with the notice. (b) After review of a request for approval under […]
(a) A licensee shall maintain the following records for determining its compliance with this chapter for at least three years: (1) record of each payment instrument or stored-value obligation sold; (2) a general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts; (3) bank statements and bank reconciliation records; (4) […]
(a) A licensee and an authorized delegate shall file with the Attorney General all reports required by federal currency reporting, record keeping, and suspicious transaction reporting requirements as set forth in 31 U.S.C. Section 5311, 31 C.F.R Section 103, and other federal and state laws pertaining to money laundering. (b) The timely filing of a […]
(a) Except as otherwise provided in subsection (b), all information or reports obtained by the Director from an applicant, licensee, or authorized delegate and all information contained in or related to examination, investigation, operating, or condition reports prepared by, on behalf of, or for the use of the Director, or financial statements, balance sheets, or […]
