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Can you summarize TNRR Section 1350-03-.08?
Minimum Internal Controls > AML AND REGULATORY COMPLIANCE STANDARDS
Short Summary
(1) Each Licensee shall submit to the Council for approval a description of its AML and regulatory compliance programs, policies, and procedures. (2) Each Licensee shall notify the Council Immediately upon discovery and knowledge of any violation or non-compliance with the AML compliance program, policies, and procedures; AML laws or regulations; any regulatory compliance program, policies, and procedures; or any law or regulation governing the Licensee in any jurisdiction, including the State of Tennessee. Authority: T.C.A. 4-49-106, 4-49-110, 4-49-115, and 4-49-125. Administrative History: Emergency rules filed December 22, 2021 to become effective January 1, 2022; effective through June 30, 2022. New rules filed March 22, 2022; effective June 20, 2022.
Jurisdiction
Tennessee