(a) The Securities Commissioner or the commissioner’s designee 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 commissioner may examine a licensee or its authorized delegate, at any time, without notice, if the commissioner has reason to […]
The Securities Commissioner may consult and cooperate with other state money services regulators and agencies of the United States Government in enforcing and administering this chapter. They may jointly pursue examinations and take other official action that they are otherwise empowered to take.
(a) A licensee shall file with the commissioner within 15 business days any material changes in information provided in a licensee’s application as prescribed by the commissioner. (b) A licensee shall file with the commissioner within 45 days after the end of each calendar quarter a current list of all authorized delegates, and locations in […]
(a) A licensee shall: (1) give the commissioner 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 $1,000 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) a record of each payment instrument or stored-value or prepaid access obligation sold; (2) a general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts; (3) bank statements and […]
(a) Every licensee shall comply with all state and federal laws, rules, and regulations relating to the detection and prevention of money laundering. (b) Every licensee shall maintain an anti-money laundering program in accordance with 31 C.F.R. § 103.125. The program shall be reviewed and updated as necessary to ensure that the program continues to […]
(a) Unless otherwise specified in this section, all information filed with the commissioner shall be available for public inspection under rules promulgated by the commissioner consistent with state and federal law governing the disclosure of public information. (b) Except for reasonably segregable portions of information and records that by law would routinely be made available […]
(a) A licensee shall provide its name and mailing address or telephone number to the purchaser in connection with each money transmission or currency exchange transaction conducted by the licensee directly or through an authorized delegate. (b) An authorized delegate shall display prominently in a form and in a medium prescribed by the Securities Commissioner […]
