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Can you summarize 3 COCR 701-7 MO6?
MONEY TRANSMITTERS > Compliance with Federal Regulations [Section 11-110-113, C.R.S.]
Short Summary
A. Each licensee shall develop a compliance plan outlining policies, procedures, and practices implemented to ensure compliance with federal laws and regulations applicable to money services businesses, including, but not limited to, federal anti-money laundering, record keeping, and registration requirements. Failure to develop such a compliance plan may be considered a basis for license revocation pursuant to Section 11-110-115, C.R.S.
Jurisdiction
Colorado