Ask Reggi Your Question Now
Can you summarize WAAC 208-690-150?
Regulation of money services providers. > Transaction fee.
Short Summary
This document governs the fees associated with making changes to a license for money services providers. Money services providers are required to pay a fee of fifty dollars for adding an authorized delegate to their roster of authorized delegates. The fee for adding authorized delegates is capped at five thousand dollars per quarter. Additionally, money services providers must pay a fee of thirty dollars for various changes to their license, including a change of physical address, name or trade name, request for approval of a change in control, change of the responsible individual or AML compliance officer, addition of principal, executive officer, board member, or other person in control, or change in registered agent. It is important to note that transaction fees are separate from investigation and examination fees. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Money services providers
What does it govern?
Fees for making changes to a license for money services providers
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Washington