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Can you summarize 6 AZRS Chapter 12, Article 2?
TRANSMITTERS OF MONEYSec: 6-1201-6-1243 >
Short Summary
The provided legal document content pertains to the regulation of money transmission and money laundering violations in the state of Arizona. It defines key terms such as ‘authorized delegate’, ’licensee’, and ‘money transmitter’. The document grants the attorney general the authority to conduct investigations within or outside the state to determine if any licensee, authorized delegate, money transmitter, financial institution, or person engaged in a trade or business has failed to file a required report or has engaged in money laundering violations. It also requires all licensees, authorized delegates, money transmitters, and financial institutions to make their books and records available to the attorney general for inspection and examination upon request. The document does not specify any exemptions or penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Licensees, authorized delegates, money transmitters, financial institutions, persons engaged in a trade or business
What does it govern?
Money transmission, money laundering violations
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Arizona