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Can you summarize WAAC 208-690-010?
Regulation of money services providers. > Definitions.
Short Summary
This document governs the regulation of money services providers under the Washington Administrative Code. It applies to licensees and their parent or affiliate. The definitions in chapter 19.230 RCW also apply unless the context clearly requires otherwise. The document provides definitions for various terms used in the regulations, such as ‘Act’, ‘Advertise, advertising, or advertising material’, ‘AML compliance officer’, ‘Audited financial statement’, ‘Bill payment service’, ‘Department’, ‘Funds’, ‘NMLS’, ‘Online currency exchanger’, ‘Principal’, ‘RCW’, and ‘Virtual currency storage’. The document also mentions the statutory authority and effective dates of previous filings. Specific penalties for non-compliance or violation of the document’s provisions are not specified.
Whom does it apply to?
Licensees and their parent or affiliate
What does it govern?
Regulation of money services providers
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Washington