560.128 – Customer contacts; license display.
560.128 Customer contacts; license display.— (1) A money services business and authorized vendor must provide each customer with a toll-free telephone number for the purpose of contacting the money services business or authorized vendor or, in lieu of a toll-free telephone number, the address and telephone number of the office may be provided. (2) The commission may by […]
560.129 – Confidentiality.
560.129 Confidentiality.— (1) Except as otherwise provided in this section, all information concerning an investigation or examination conducted by the office pursuant to this chapter, including any customer complaint received by the office or the Department of Financial Services, is confidential and exempt from s. 119.07(1) and s. 24(a), Art. I of the State Constitution until the […]
560.1401 – Licensing standards.
560.1401 Licensing standards.—To qualify for licensure as a money services business under this chapter, an applicant must: (1) Demonstrate to the office the character and general fitness necessary to command the confidence of the public and warrant the belief that the money services business or deferred presentment provider shall be operated lawfully and fairly. (2) Be legally authorized […]
560.141 – License application.
560.141 License application.— (1) To apply for a license as a money services business under this chapter, the applicant must submit: (a) An application to the office on forms prescribed by rule which includes the following information: 1. The legal name and address of the applicant, including any fictitious or trade names used by the applicant in the conduct […]
560.142 – License renewal.
560.142 License renewal.— (1) A license may be renewed for a subsequent 2-year period by furnishing such application as required by rule, together with the payment of a nonrefundable renewal fee as provided under s. 560.143, on or before the license expiration date, or for the remainder of any such period without proration following the date of […]
560.143 – Fees.
560.143 Fees.— (1) LICENSE APPLICATION FEES.—The applicable non-refundable fees must accompany an application for licensure: (a) Part II……….$375. (b) Part III……….$188. (c) Per branch office……….$38. (d) For each location of an authorizedvendor……….$38. (e) Declaration as a deferred presentmentprovider……….$1,000. (f) Fingerprint retention fees as prescribed by rule. (g) License application fees for branch offices and authorized vendors are limited to $20,000 when such fees are […]
560.144 – Deposit of fees and assessments.
560.144 Deposit of fees and assessments.—License application fees, license renewal fees, late payment penalties, civil penalties, administrative fines, and other fees, costs, or penalties provided for in this chapter shall be paid directly to the office, which shall deposit such proceeds into the Regulatory Trust Fund and use the proceeds to pay the costs of the […]
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 […]