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 208-630-730 - What records and actions does a licensee need to take to assure the licensee is correctly reporting under the Bank Secrecy Act?

Wash. Admin. Code § 208-630-730

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Current through Register Vol. 24-21, November 1, 2024
Section 208-630-730 - What records and actions does a licensee need to take to assure the licensee is correctly reporting under the Bank Secrecy Act?

Each licensee shall maintain detailed records to satisfy currency transaction reporting and suspicious activity reporting requirements of the United States Treasury Department.

Each licensee shall implement an antimoney laundering program that includes the development of internal policies, procedures and controls, training of employees, the appointment of a compliance officer, and the appointment of an external reviewer of the antimoney laundering program if required by 31 U.S.C. Section 5318(h).

Wash. Admin. Code § 208-630-730

Statutory Authority: RCW 31.04.165, 43.320.040, 31.45.030, 31.45.050, 31.45.200. 05-22-009, § 208-630-730, filed 10/21/05, effective 11/21/05.