560.123 – Florida Control of Money Laundering in Money Services Business Act.
560.123 Florida Control of Money Laundering in Money Services Business Act.— (1) This section may be cited as the “Florida Control of Money Laundering in Money Services Business Act.” (2) The purpose of this section is to require the maintenance of certain records of transactions involving currency, monetary value, payment instruments, or virtual currency in order to deter […]
560.1235 – Anti-money laundering requirements.
560.1235 Anti-money laundering requirements.— (1) A licensee and authorized vendor must comply with all state and federal laws and rules relating to the detection and prevention of money laundering, including, as applicable, s. 560.123, and 31 C.F.R. ss. 1010.306, 1010.311, 1010.312, 1010.313, 1010.340, 1010.410, 1010.415, 1022.320, 1022.380, and 1022.410. (2) A licensee and authorized vendor must maintain an […]
560.105 – Supervisory powers; rulemaking.
560.105 Supervisory powers; rulemaking.— (1) The office shall: (a) Supervise all money services businesses and their authorized vendors. (b) Have access to the books and records of persons the office supervises as necessary to carry out the duties and functions of the office under this chapter. (c) Issue orders and declaratory statements, disseminate information, and otherwise administer and enforce this […]
560.124 – Sharing of information.
560.124 Sharing of information.—Any person may provide to a money services business, authorized vendor, law enforcement agency, prosecutorial agency, or appropriate regulator, or any money services business, authorized vendor, law enforcement agency, prosecutorial agency, or appropriate regulator may provide to any person, information about any person’s known or suspected involvement in a violation of any state, […]
560.107 – Liability.
560.107 Liability.—No person acting, or who has acted, in good faith reliance upon a rule, order, or declaratory statement issued by the commission or the office shall be subject to any criminal, civil, or administrative liability for such action, notwithstanding a subsequent decision by a court of competent jurisdiction invalidating the rule, order, or declaratory statement. […]
560.125 – Unlicensed activity; penalties.
560.125 Unlicensed activity; penalties.— (1) A person may not engage in the business of a money services business or deferred presentment provider in this state unless the person is licensed or exempted from licensure under this chapter. A deferred presentment transaction conducted by a person not authorized to conduct such transaction under this chapter is void, and […]
560.109 – Examinations and investigations.
560.109 Examinations and investigations.—The office may conduct examinations and investigations, within or outside this state to determine whether a person has violated any provision of this chapter and related rules, or of any practice or conduct that creates the likelihood of material loss, insolvency, or dissipation of the assets of a money services business or otherwise […]
560.126 – Required notice by licensee.
560.126 Required notice by licensee.— (1) A licensee must provide the office with a written notice sent by registered mail within 30 days after the occurrence or knowledge of, whichever period of time is greater, any of the following: (a) The filing of a petition under the United States Bankruptcy Code for bankruptcy or reorganization by the licensee. […]
560.1091 – Contracted examinations.
560.1091 Contracted examinations.—The office may contract with third parties to conduct examinations under this chapter. (1) The person or firm selected by the office may not have a conflict of interest that might affect its ability to independently perform its responsibilities with respect to an examination. (2) An examination under this section may be conducted by an independent […]
560.127 – Control of a money services business.
560.127 Control of a money services business.—A person has a controlling interest in a money services business if the person: (1) Possesses the power, directly or indirectly, to direct the management or policies of the money services business, whether through ownership, by contract, or otherwise; (2) Directly or indirectly may vote 25 percent or more of a class […]