Statutes, codes, and regulations
Washington Administrative Code
Title 208 - Financial Institutions, Department of (See also Titles 50, 419, and 460)Chapter 208-630 - Regulation of check cashers and sellers and small loans (payday lenders)
REQUIREMENTS FOR ALL LICENSEES
Section 208-630-721 - If a licensee is considered a money service business (MSB) under the Bank Secrecy Act (see WAC 208-630-720), what are the minimum requirements for the anti-money laundering program the licensee must develop?

Wash. Admin. Code § 208-630-721

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Current through Register Vol. 24-21, November 1, 2024
Section 208-630-721 - If a licensee is considered a money service business (MSB) under the Bank Secrecy Act (see WAC 208-630-720), what are the minimum requirements for the anti-money laundering program the licensee must develop?

A licensee who qualifies as a money services business under the Bank Secrecy Act must develop, implement, and maintain an effective anti-money laundering program consistent with federal law and the requirements of 31 C.F.R. Section 103.125.

Wash. Admin. Code § 208-630-721

Statutory Authority: RCW 43.320.040. 07-23-094, § 208-630-721, filed 11/20/07, effective 12/21/07.