The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001 is a law enacted by the United States Congress. The Act aims to deter and punish terrorist acts in the United States and around the world, enhance law enforcement investigatory tools, and serve other purposes. The Act consists of various titles, including provisions for enhancing domestic security against terrorism, enhanced surveillance procedures, international money laundering abatement and anti-terrorist financing, protecting the border, providing for victims of terrorism and public safety officers, increased information sharing for critical infrastructure protection, strengthening the criminal laws against terrorism, improved intelligence, and miscellaneous provisions.

This legal document, part of the New York Codes, Rules and Regulations, pertains to the reporting of suspected insurance frauds to the Criminal Investigations Unit. It applies to any person licensed under the Insurance Law who determines that an insurance transaction or purported insurance transaction appears to be fraudulent or suspect. The document requires the submission of a report on the prescribed reporting form issued by the Criminal Investigations Unit or any other approved form.

This regulation requires licensees engaged in virtual currency business activity to maintain and preserve all books and records related to their business for a period of at least seven years. The records should be kept in their original form or native file format and should be in a condition that allows the superintendent to determine compliance with applicable laws, rules, and regulations. The required books and records include transaction details, general ledger, bank statements, customer statements, compliance records, records of board meetings, records of customer complaints and transaction error resolution, and any other records as required by the superintendent.

This legal document, found in the New York Codes, Rules and Regulations, specifically in the Financial Services section under the Regulations of the Superintendent of Financial Services, pertains to the establishment and maintenance of an anti-money laundering program for licensees engaged in virtual currency activities. The program requires licensees to conduct initial and annual risk assessments, establish internal controls and policies, designate compliance personnel, provide ongoing training, and conduct independent testing.

(a) Generally. Each licensee is required to comply with all applicable Federal and State laws, rules, and regulations. (b) Compliance officer. Each licensee shall designate a qualified individual or individuals responsible for coordinating and monitoring compliance with this Part and all other applicable Federal and State laws, rules, and regulations. (c) Compliance policy. Each licensee shall maintain and enforce written compliance policies, including policies with respect to anti-fraud, anti-money laundering, cyber security, privacy and information security, and any other policy required under this Part, which must be reviewed and approved by the licensees board of directors or an equivalent governing body.

The provided legal document governs the establishment and maintenance of anti-money laundering programs by banking organizations and foreign banking corporations. These programs must comply with applicable Federal anti-money laundering laws and regulations, including the obligation to file suspicious activity reports (SARs) and implement a customer identification program. The programs should also include internal controls, independent testing for compliance, designated individuals responsible for monitoring compliance, and training for personnel. Approval by the institution’s board of directors and written documentation of the programs are required.

This document pertains to licensed check cashers and licensed money transmitters in New York. It requires these entities to establish and maintain anti-money laundering programs in order to prevent money laundering through their businesses. The programs must comply with applicable Federal anti-money laundering law, including the obligation to file suspicious activity reports (SARS), and regulations promulgated by the Department of Treasury. The document outlines the minimum requirements for the anti-money laundering program, which include incorporating policies, procedures, and internal controls to ensure compliance with the regulations, designating a person responsible for day-to-day compliance, providing education and training to personnel, and conducting independent reviews.

This document governs the requirements and certifications for the Transaction Monitoring and Filtering Program in the banking division. It applies to various regulated institutions, including banks, trust companies, private bankers, savings banks, savings and loan associations, branches and agencies of foreign banking corporations licensed to conduct banking operations in New York, check cashers, and money transmitters licensed pursuant to the New York Banking Law. The document outlines the requirements for regulated institutions to maintain a Transaction Monitoring Program and a Filtering Program.

This document provides definitions for various terms used in the State Government Article, Title 9, Subtitle 1E, Annotated Code of Maryland, specifically related to sports wagering provisions. It applies to applicants, licensees, bettors, and other individuals involved in sports wagering activities in Maryland. The document defines terms such as ACH, Affiliate, Age and identity verification, AML, Applicant, Application, Associated equipment, Award, Awardee, Beneficial owner, Bettor, Books and records, Cancelled wager, Cheat or cheating, Client software, Communication technology, Controlling entity, Data information center, Dormant account, Electronic bingo or electronic tip jar machine, Entrant, Event number, Exchange wager, Excluded individual, Global risk management, Gross pool, Holding company, House rules, Independent certified testing laboratory, Indirect interest, In-game wager and In-play bet, Institutional investor, Integrity monitoring, Issue or issuance, Kiosk, Layoff wager, Licensee, Mandatory exclusion list, Maryland State Fair Society, Mobile sports wagering licensee, Maximum wager limit, Money line wager, Multi-factor authentication, Non-wagering employee, Online sports wagering, Online sports wagering operator or online sports wagering operator licensee, Over-under wager, Parimutuel betting, Parlay wager, Payout, Penalty, Personally identifiable information, Point of sale system, Pool wager, Predatory Marketing Practice, Principal, Principal Employee, Prohibited sports wager, Proposition wager or proposition bet, Registered bettor, Restricted area, Risk management, Sanction, Satellite simulcast betting, Satellite simulcast facility, Settled wager, Sports bettor tracking system, Sports wagering, Sports wagering account or bettor account, Sports Wagering Application Review Commission or SWARC, Sports wagering contractor or contractor, Sports wagering contractorTier 1 or Tier 1 contractor, Sports wagering contractorTier 2 or Tier 2 contractor, Sports wagering employee or wagering employee, Sports wagering equipment, Sports wagering facility, wagering facility, or facility, Sports wagering facility operator or sports wagering facility operator licensee, Sports wagering facility operator license, Sports wagering website, Sports wagering license, Sports wagering licensee, Sports wagering operation or sports wagering operations, Sports wagering platform, Sports wagering ticket, Sports wagering voucher, Straight wager and single-game bet, Teaser bet, Temporary sports wagering facility, Unredeemed Item, Unusual wagering activity, Video lottery employee, Voided wager, Wager or wagering, and Wagering day.

This document outlines the minimum internal control standards that sports wagering licensees in Maryland must adhere to. It requires sports wagering licensees to submit internal controls for approval by the Commission prior to commencing sports wagering or making any subsequent changes. The internal controls must include administrative controls, accounting controls, user access controls, procedures for ensuring accurate communication of activities and financial details, segregation of duties, surveillance and security measures, and more.

This document outlines the requirements for sports wagering platforms in Maryland. It applies to sports wagering licensees and applicants. The document states that all sports wagers must be initiated, received, and made within the state, unless licensed by federal law. Sports wagering licensees must submit their platforms and equipment to an independent certified testing laboratory for evaluation. The documentation for the sports wagering platform should include a comprehensive description, operating procedures, risk management framework, user access controls, fraud detection measures, technical safeguards, compliance controls, AML standards, software applications, third-party systems, cheating prevention methods, and any other information required by the Commission.

This document governs the filing of Suspicious Activity Reports (SARs) and other reports and statements by savings associations, service corporations, directors, officers, employees, agents, and other institution-affiliated parties. It requires the filing of SARs when a known or suspected violation of Federal law or a suspicious transaction related to money laundering or a violation of the Bank Secrecy Act is detected. The document provides definitions for key terms and specifies the circumstances under which SARs are required to be filed.

This section of the Code of Federal Regulations, specifically Regulation H issued by the Board of Governors of the Federal Reserve System, governs the filing of Suspicious Activity Reports (SARs) by member banks. The purpose of this section is to ensure that member banks file SARs when they detect known or suspected violations of federal law, suspicious transactions related to money laundering activities, or violations of the Bank Secrecy Act. The section provides definitions for key terms such as FinCEN (Financial Crimes Enforcement Network) and institution-affiliated party.

This section of the Code of Federal Regulations, specifically Regulation H issued by the Board of Governors of the Federal Reserve System, establishes the procedures for state member banks to ensure and monitor their compliance with the provisions of the Bank Secrecy Act (BSA) and the implementing regulations. The BSA requires recordkeeping and reporting of currency transactions. Each bank is required to develop and administer a compliance program that is designed to ensure and monitor compliance with the recordkeeping and reporting requirements set forth in the BSA and its implementing regulations.

This section of the Code of Federal Regulations requires national banks to file a Suspicious Activity Report (SAR) when they detect a known or suspected violation of Federal law or a suspicious transaction related to money laundering or a violation of the Bank Secrecy Act. The section applies to national banks, as well as Federal branches and agencies of foreign banks licensed or chartered by the OCC. The SAR must be filed with the appropriate Federal law enforcement agencies and the Department of the Treasury.

This subpart establishes procedures for national banks and savings associations to monitor and ensure compliance with the requirements of the Bank Secrecy Act (BSA) and its implementing regulations. The purpose of this subpart is to ensure that these financial institutions establish and maintain procedures that are reasonably designed to assure and monitor their compliance with the BSA and related regulations. The compliance program must be written, approved by the institution’s board of directors, and reflected in the minutes.

This document, issued by the Board of Governors of the Federal Reserve System, provides regulations and procedures for the approval of offices of foreign banks in the United States. It states that foreign banks must obtain the approval of the Board before establishing a branch, agency, commercial lending company subsidiary, or representative office in the United States. The document outlines the requirements for prior notice, general consent, and after-the-fact Board approval for certain offices.

This legal document, issued by the Board of Governors of the Federal Reserve System, governs the establishment of Edge corporations, investments in agreement corporations, and member banks’ proposals to invest in Edge and agreement corporations. The document outlines the authority of the Board to approve these actions and provides guidelines for the organization and operation of Edge corporations. It also specifies the factors considered by the Board in acting on proposals, the ownership requirements, and the limitations on investments in Edge and agreement corporations.

This legal document, part of the Code of Federal Regulations, governs the corporate practices of bank holding companies and their subsidiary banks. It establishes that a bank holding company must serve as a source of financial and managerial strength to its subsidiary banks and conduct its operations in a safe and sound manner. The document also outlines the requirements for bank holding companies when purchasing or redeeming their own securities, including the need for prior written notice to the Board of Governors of the Federal Reserve System.

This subpart governs Bank Secrecy Act compliance for FDIC-supervised institutions. The purpose of this subpart is to ensure that these institutions establish and maintain procedures to monitor their compliance with the requirements of subchapter II of chapter 53 of title 31, United States Code, and the implementing regulations issued by the Department of Treasury at 31 CFR Chapter X. The compliance program should include internal controls, independent testing, designated individuals responsible for day-to-day compliance, and training for appropriate personnel.

This document, issued by the Federal Deposit Insurance Corporation (FDIC), provides definitions and regulations regarding brokered deposits. It applies to insured depository institutions, deposit brokers, and depositors. The document defines brokered deposits as any deposits obtained through the mediation or assistance of a deposit broker. It categorizes insured depository institutions based on their capital levels and imposes restrictions on the acceptance, renewal, or rollover of brokered deposits for adequately capitalized and undercapitalized institutions.

This document governs the filing of reports by federally insured credit unions. It requires the president or managing official of each credit union to certify compliance with the requirements annually. The document also outlines the reporting requirements for catastrophic acts and cyber incidents. In the event of a catastrophic act, the credit union must notify the regional director within 5 business days and file a record of the incident. For reportable cyber incidents, the credit union must notify the appropriate NCUA-designated point of contact within 72 hours.

This document outlines the procedures for monitoring Bank Secrecy Act (BSA) compliance for federally insured credit unions. The purpose of this section is to ensure that credit unions establish and maintain procedures to comply with the Financial Recordkeeping and Reporting of Currency and Foreign Transactions Act and its implementing regulations. Each credit union is required to develop and administer a BSA compliance program, which must be written, approved by the board of directors, and reflected in the credit union’s minutes.

This document provides definitions related to the fiduciary activities of national banks. It defines terms such as ‘affiliate’, ‘applicable law’, ‘custodian under a uniform gifts to minors act’, ‘fiduciary account’, ‘fiduciary capacity’, ‘fiduciary officers and employees’, ‘fiduciary powers’, ‘guardian’, ‘investment discretion’, ’trust office’, and ’trust representative office’. The document also clarifies the activities that fall under the definition of ’trust office’ and ’trust representative office’. It is applicable to national banks and their officers and employees involved in fiduciary activities.

The provided legal document content pertains to the Code of Federal Regulations section on Reports of Suspicious Activities. This section requires national banks, as well as Federal branches and agencies of foreign banks licensed or chartered by the OCC, to file a Suspicious Activity Report (SAR) when they detect a known or suspected violation of Federal law or a suspicious transaction related to money laundering or a violation of the Bank Secrecy Act.

The provided legal document content establishes procedures for national banks and savings associations to monitor and ensure compliance with the requirements of the Bank Secrecy Act (BSA) and its implementing regulations. The purpose of this subpart is to ensure that these financial institutions establish and maintain procedures that are reasonably designed to assure and monitor their compliance with the BSA and related regulations. The compliance program must be written, approved by the institution’s board of directors, and reflected in the minutes.

The provided legal document content pertains to the procedures for monitoring Bank Secrecy Act compliance for FDIC-supervised institutions. The purpose of this subpart is to ensure that these institutions establish and maintain procedures to monitor their compliance with the requirements of subchapter II of chapter 53 of title 31, United States Code, and the implementing regulations issued by the Department of Treasury at 31 CFR Chapter X. The compliance program should include internal controls, independent testing, designated individuals responsible for day-to-day compliance, and training for appropriate personnel.

The provided legal document governs the filing of Suspicious Activity Reports (SARs) by FDIC-supervised institutions. It applies to all FDIC supervised institutions. The document requires these institutions to file SARs with the appropriate federal law enforcement agencies and the Department of the Treasury in specific circumstances. These circumstances include insider abuse involving any amount, transactions aggregating $5,000 or more where a suspect can be identified, transactions aggregating $25,000 or more regardless of potential suspects, and transactions aggregating $5,000 or more that involve potential money laundering or violations of the Bank Secrecy Act.

This document provides general definitions of terms used in the Code of Federal Regulations related to money and finance. It applies to various types of financial institutions, including banks, brokers or dealers in securities, money services businesses, casinos, card clubs, loan or finance companies, and other entities engaged in financial activities. The document clarifies the meanings of terms such as ‘accept,’ ‘bank,’ ‘currency,’ ‘financial institution,’ ‘money services business,’ and many others.

Each financial institution (as defined in 31 U.S.C. 5312(a)(2) or (c)(1)) should refer to subpart B of its chapter X part for any additional anti-money laundering program requirements.

Each financial institution (as defined in 31 U.S.C. 5312(a)(2) or (c)(1)) should refer to subpart B of its chapter X part for any additional customer identification program requirements.

This document sets forth the beneficial ownership requirements for legal entity customers that covered financial institutions must adhere to. Covered financial institutions are required to establish and maintain written procedures to identify and verify the beneficial owners of legal entity customers as part of their anti-money laundering compliance program. The procedures must enable the institution to identify the beneficial owner(s) at the time a new account is opened and verify their identity according to risk-based procedures.

This document, part of the Code of Federal Regulations, pertains to the filing of reports related to financial transactions and foreign financial accounts. Financial institutions are required to file reports within 15 days of the occurrence of a reportable transaction and retain copies of these reports for five years. Reports must be filed with the Financial Crimes Enforcement Network (FinCEN), unless otherwise specified. Additionally, reports related to currency or other monetary instruments entering or departing from the United States must be filed with Customs officers.

Sections 1010.310 through 1010.314 set forth the rules for the reporting by financial institutions of transactions in currency. Unless otherwise indicated, the transactions in currency reporting requirements in 1010.310 through 1010.314 apply to all financial institutions. Each financial institution should refer to subpart C of its chapter X part for any additional transactions in currency reporting requirements.

Each financial institution other than a casino shall file a report of each deposit, withdrawal, exchange of currency or other payment or transfer, by, through, or to such financial institution which involves a transaction in currency of more than $10,000, except as otherwise provided in this section. In the case of the U.S. Postal Service, the obligation contained in the preceding sentence shall not apply to payments or transfers made solely in connection with the purchase of postage or philatelic products.

This document, part of the Code of Federal Regulations, specifically falls under the regulations relating to money and finance issued by the Financial Crimes Enforcement Network (FinCEN), which is a part of the Department of the Treasury. The document states that before conducting any transaction that requires a report under specific sections of this chapter, a financial institution must verify and record the name, address, identity, account number, and social security or taxpayer identification number (if applicable) of the individual presenting the transaction.

(a) Multiple branches. A financial institution includes all of its domestic branch offices, and any recordkeeping facility, wherever located, that contains records relating to the transactions of the institution’s domestic offices, for purposes of the transactions in currency reporting requirements in this chapter. (b) Multiple transactions. In the case of financial institutions other than casinos, for purposes of the transactions in currency reporting requirements in this chapter, multiple currency transactions shall be treated as a single transaction if the financial institution has knowledge that they are by or on behalf of any person and result in either cash in or cash out totaling more than $10,000 during any one business day (or in the case of the U.

No person shall for the purpose of evading the transactions in currency reporting requirements of this chapter with respect to such transaction: (a) Cause or attempt to cause a domestic financial institution to fail to file a report required under the transactions in currency reporting requirements of this chapter; (b) Cause or attempt to cause a domestic financial institution to file a report required under the transactions in currency reporting requirements of this chapter that contains a material omission or misstatement of fact; or (c) Structure (as that term is defined in 1010.

Each financial institution (as defined in 31 U.S.C. 5312(a)(2) or (c)(1)) should refer to subpart C of its financial institution part in this chapter for any additional suspicious transaction reporting requirements.

This regulation, found in the Code of Federal Regulations, requires individuals who physically transport, mail, or ship currency or other monetary instruments exceeding $10,000 at one time from or into the United States to make a report. The regulation also mandates that individuals receiving currency or monetary instruments exceeding $10,000 at one time from outside the United States, without a previously filed report, must make a report stating the amount, date of receipt, form of monetary instruments, and the person from whom received.

This document, part of the Code of Federal Regulations, requires United States persons with a financial interest in, or signature or other authority over, a bank, securities, or other financial account in a foreign country to report such relationship to the Commissioner of Internal Revenue. The reporting form prescribed for this purpose is the Report of Foreign Bank and Financial Accounts (TDF 9022.1), or any successor form. The document defines ‘United States person’ as a citizen or resident of the United States, or an entity created, organized, or formed under the laws of the United States, any State, the District of Columbia, the Territories and Insular Possessions of the United States, or the Indian Tribes.

This regulation, issued by the Financial Crimes Enforcement Network (FinCEN) under the Department of the Treasury, empowers the Secretary to promulgate regulations requiring specified financial institutions to file reports of certain transactions with designated foreign financial agencies. The regulation outlines the information subject to reporting requirements, including checks or drafts, transmittal orders, loans, commercial paper, stocks, bonds, and certificates of deposit. The Secretary has the authority to classify financial institutions subject to or exempt from reporting requirements, determine the foreign countries to which the requirements apply, specify the magnitude and kind of transactions subject to reporting, and prescribe the form in which the information is to be reported.

This legal document, found in the Code of Federal Regulations, pertains to the records that financial institutions are required to make and retain. The document specifies the types of records that must be retained, including records of extensions of credit, advice or instructions regarding transactions involving the transfer of currency or other monetary instruments, and information related to transmittal orders for funds. The document also outlines the specific information that must be included in these records, such as names, addresses, amounts, and dates.

This regulation, found in the Code of Federal Regulations under the Money and Finance: Treasury section, pertains to financial institutions and their issuance or sale of bank checks and drafts, cashier’s checks, money orders, and traveler’s checks. The regulation states that no financial institution can issue or sell these instruments for $3,000 or more in currency without maintaining records of certain information. If the purchaser has a deposit account with the financial institution, the institution must obtain and record the purchaser’s name, date of purchase, type(s) of instrument(s) purchased, serial number(s) of the instrument(s) purchased, and the amount in dollars of each instrument.

This document, part of the Code of Federal Regulations, specifically the Regulations Relating to Money and Finance, pertains to the Financial Crimes Enforcement Network (FinCEN) under the Department of the Treasury. It outlines the requirements for retaining records in the financial industry. Financial institutions are required to retain copies of both the front and back of checks, drafts, monetary instruments, investment securities, and similar instruments or documents, except for blank or standardized printed information.

This legal document, found in the Code of Federal Regulations, outlines the special information sharing procedures between government agencies and financial institutions to deter money laundering and terrorist activity. It defines ‘financial institution’ as any financial institution described in 31 U.S.C. 5312(a)(2) and ’law enforcement agency’ as a Federal, State, local, or foreign law enforcement agency with criminal investigative authority. The document allows law enforcement agencies investigating terrorist activity or money laundering to request that the Financial Crimes Enforcement Network (FinCEN) solicit information from financial institutions.

This document provides definitions for terms used in the context of special due diligence for correspondent accounts and private banking accounts. It defines the beneficial owner of an account as an individual who has control over or entitlement to the funds or assets in the account. The document also defines certification and recertification as the forms regarding correspondent accounts for foreign banks located on FinCEN’s website. It further explains the term correspondent account, which refers to an account established for a foreign financial institution or a foreign bank to receive deposits, make payments, or handle other financial transactions.

This document outlines the requirements for due diligence programs for correspondent accounts for foreign financial institutions. It applies to covered financial institutions and mandates the establishment of a due diligence program that includes appropriate policies, procedures, and controls to detect and report money laundering activities. The program should assess the money laundering risk presented by each correspondent account and apply risk-based procedures and controls to detect and report suspicious activity. Enhanced due diligence procedures are required for correspondent accounts established for certain foreign banks.

This legal document, found in the Code of Federal Regulations, pertains to due diligence programs for private banking accounts. It requires covered financial institutions to maintain a due diligence program that includes policies, procedures, and controls to detect and report money laundering or suspicious activity involving private banking accounts. The program must ascertain the identity of all nominal and beneficial owners of the account, determine if any person is a senior foreign political figure, ascertain the source of funds and purpose of the account, and review account activity for consistency.

This legal document, part of the Code of Federal Regulations, pertains to covered financial institutions. It prohibits covered financial institutions from establishing, maintaining, administering, or managing correspondent accounts in the United States for foreign shell banks. They are also required to take reasonable steps to ensure that correspondent accounts established for foreign banks are not indirectly used by those banks to provide banking services to foreign shell banks. Covered financial institutions must maintain records in the United States identifying the owners of each foreign bank whose shares are not publicly traded, as well as the name and address of a person authorized to accept service of legal process for each account.

This document governs the issuance of summons or subpoenas to foreign banks that maintain a correspondent account in the United States, as well as the termination of correspondent relationships. The Secretary or the Attorney General may issue a summons or subpoena to request records related to the correspondent account, including records maintained outside of the United States. Covered financial institutions are required to provide information to Federal law enforcement officers upon request.

This document governs the enforcement, penalties, and forfeiture related to the regulations under the Code of Federal Regulations, specifically the regulations relating to money and finance. The overall authority for enforcement and compliance is delegated to the Director of the Financial Crimes Enforcement Network (FinCEN). The document outlines the authority to examine financial institutions for compliance with the regulations, which is delegated to various agencies depending on the type of institution.

This document, under the Code of Federal Regulations, governs the enforcement, penalties, and forfeiture related to financial crimes. It applies to domestic financial institutions, as well as partners, directors, officers, and employees who willfully participate in violations. The document outlines various civil penalties that the Secretary may assess for different types of violations. These penalties include fines up to $1,000 for willful violations committed before October 12, 1984, fines up to $10,000 for willful violations committed between October 12, 1984, and October 28, 1986, fines up to $1,000 for willful violations of recordkeeping requirements (except 1010.

This document, issued by the Financial Crimes Enforcement Network (FinCEN) under the Department of the Treasury, pertains to the enforcement, penalties, and forfeiture related to financial crimes. It provides inflation-adjusted maximum penalty amounts for civil monetary penalties within FinCEN’s jurisdiction, replacing the amounts published in the statutes. The document includes a Penalty Adjustment Table (Table 1) that lists the statutory penalty provisions, their adjusted maximum amounts or range of minimum and maximum amounts, and the effective dates of the penalty adjustments.

Any currency or other monetary instruments which are in the process of any transportation with respect to which a report is required under 1010.340 are subject to seizure and forfeiture to the United States if such report has not been filed as required in 1010.360, or contains material omissions or misstatements. The Secretary may, in his sole discretion, remit or mitigate any such forfeiture in whole or in part upon such terms and conditions as he deems reasonable.

This legal document pertains to the enforcement, penalties, and forfeiture related to violations of Title I and Title II of Public Law 91508 and the corresponding regulations. It applies to any person who willfully violates these provisions. The document outlines the penalties for such violations, which include fines and imprisonment. The penalties range from a maximum fine of $1,000 or imprisonment of 1 year, to a maximum fine of $500,000 or imprisonment of 10 years, depending on the specific provision and circumstances.

This section provides definitions for the terms ‘account’ and ‘customer’ for the purpose of part 1020. An account refers to a formal banking relationship established for financial transactions, including deposit accounts, transaction or asset accounts, credit accounts, or other extensions of credit. It also includes relationships for safekeeping services, cash management, custodian, and trust services. However, certain products or services without a formal banking relationship, accounts acquired through specific means, and accounts opened for employee benefit plans are excluded from this definition.

This legal document outlines the anti-money laundering program requirements for banks regulated by a Federal functional regulator. It applies to banks, savings associations, and credit unions. To satisfy the requirements of 31 U.S.C. 5318(h)(1), a bank must implement and maintain an anti-money laundering program that complies with the specified regulations. The program should include a system of internal controls, independent testing for compliance, designation of individuals responsible for coordinating and monitoring compliance, training for personnel, and risk-based procedures for conducting ongoing customer due diligence.

This document outlines the minimum requirements for banks to implement a Customer Identification Program (CIP) as part of their anti-money laundering compliance program. The CIP must include risk-based procedures for verifying the identity of each customer, based on the bank’s assessment of relevant risks. The bank must obtain certain identifying information from the customer, such as name, date of birth, address, and identification number. The CIP must also include procedures for verifying the customer’s identity using documents or non-documentary methods.

This section of the Code of Federal Regulations governs the transactions of exempt persons. It applies to banks. According to this section, banks are not required to file a report for any transaction in currency between an exempt person and the bank. The exemption also applies to transactions between an exempt person and other banks affiliated with the bank. No penalties are mentioned in this section.

This document, part of the Code of Federal Regulations, outlines the rules for banks regarding the reporting of suspicious transactions. Every bank is required to file a report with the Treasury Department for any suspicious transaction that may indicate a possible violation of law or regulation. The transaction must involve or aggregate at least $5,000 in funds or other assets, and the bank must know, suspect, or have reason to suspect that the transaction involves funds derived from illegal activities, is designed to evade requirements of the Bank Secrecy Act, or has no apparent lawful purpose.

This legal document, governed by the Code of Federal Regulations, requires each agent, agency, branch, or office located within the United States of a bank to maintain certain records. These requirements apply to funds transfers in the amount of $3,000 or more. The document specifies the information that banks must obtain and retain for each payment order, depending on whether they are acting as an originator’s bank, intermediary bank, or beneficiary’s bank.

This legal document, found in the Code of Federal Regulations, requires every money services business (as defined by 1010.100(ff) of this chapter) to develop, implement, and maintain an effective anti-money laundering program. The program should be designed to prevent the money services business from being used for money laundering and financing of terrorist activities. The program should be commensurate with the risks posed by the location, size, nature, and volume of financial services provided by the money services business.

The reports of transactions in currency requirements for money services businesses are located in subpart C of part 1010 of this chapter and this subpart.

This document governs the reporting of suspicious transactions by money services businesses. It applies to money services businesses described in 1010.100(ff)(1), (3), (4), (5), (6), and (7) of this chapter. The document requires money services businesses to file a report with the Treasury Department for any suspicious transaction relevant to a possible violation of law or regulation. The transaction must involve or aggregate funds or other assets of at least $2,000 and the money services business must know, suspect, or have reason to suspect that the transaction is related to illegal activity, is intended to hide or disguise funds derived from illegal activity, or serves no business or apparent lawful purpose.

This legal document outlines the registration requirements for money services businesses (MSBs) in the United States. It states that all MSBs, regardless of whether they are licensed by a state, must register with the Financial Crimes Enforcement Network (FinCEN). Providers of prepaid access must also identify each prepaid program they offer. Foreign-located persons doing business as an MSB in the United States must designate a person residing in the United States as an agent for legal process and provide an address for record-keeping.

This legal document, found in the Code of Federal Regulations, outlines the requirements for anti-money laundering programs applicable to insurance companies. The program must be developed and implemented by each insurance company to prevent the use of insurance services for money laundering or financing terrorist activities. The program should incorporate policies, procedures, and internal controls based on the company’s assessment of money laundering and terrorist financing risks. It should also designate a compliance officer responsible for program implementation, updating, and training of relevant personnel.

This document governs the reporting requirements for insurance companies regarding suspicious transactions involving covered products. Insurance companies are required to file a report with the Financial Crimes Enforcement Network (FinCEN) if they have knowledge or suspicion of a transaction involving at least $5,000 in funds or assets that may be related to illegal activity, money laundering, or criminal activity facilitated through the insurance company. The report, known as a Suspicious Activity Report (SAR), must be filed within 30 calendar days of the initial detection of the suspicious transaction.

Except as otherwise provided, every person engaging in any transaction subject to the provisions of this chapter shall keep a full and accurate record of each such transaction engaged in, regardless of whether such transaction is effected pursuant to license or otherwise, and such record shall be available for examination for at least 5 years after the date of such transaction. Except as otherwise provided, every person holding property blocked pursuant to the provisions of this chapter or funds transfers retained pursuant to 596.

This regulation requires every person to furnish reports or information, under oath, to the Office of Foreign Assets Control (OFAC) as and when required. The reports should contain complete information regarding any act or transaction, regardless of whether it was conducted under a license or not, and any property in which a foreign country or national has or had an interest. The reports may also include the production of relevant documents in the custody or control of the reporting persons.

This document outlines the reporting requirements for holders of blocked property and releasers of property from blocked status under the Office of Foreign Assets Control (OFAC). It applies to any U.S. person or person subject to U.S. jurisdiction, including financial institutions. The document specifies that the primary responsibility for reporting rests with the actual holder or releaser of the property. It also provides details on the information that must be reported, including the name and address of the person holding the property, a description of the transaction associated with the blocking, the associated sanctions target(s), a description of the blocked property, the date the property was blocked, and the legal authority for the blocking.

This document pertains to the reporting of rejected transactions by U.S. persons or persons subject to U.S. jurisdiction, including financial institutions. If a transaction is rejected because it would violate a provision in this chapter, a report must be submitted to the Office of Foreign Assets Control (OFAC). The report should include information such as the name and address of the person rejecting the transaction, a description of the transaction, details of any associated sanctions targets, the date of rejection, the value of the property involved, the legal authority for the rejection, and any related documentation.

This document governs the enforcement, penalties, and forfeiture related to the regulations under the Code of Federal Regulations, specifically the regulations relating to money and finance. It applies to domestic financial institutions, as well as partners, directors, officers, and employees who willfully participate in violations. The document outlines various civil penalties that the Secretary may assess for different types of violations. These penalties include fines up to $1,000 for willful violations committed before October 12, 1984, fines up to $10,000 for willful violations committed between October 12, 1984, and October 28, 1986, fines up to $1,000 for willful violations of recordkeeping requirements (except 1010.

The provided legal document content covers a wide range of topics related to money and finance regulations. It includes definitions of terms used in the Code of Federal Regulations, exemptions from anti-money laundering program requirements for certain financial institutions, beneficial ownership requirements for legal entity customers, reporting requirements for financial transactions and foreign financial accounts, recordkeeping obligations for financial institutions, information sharing procedures between government agencies and financial institutions, due diligence requirements for correspondent accounts and private banking accounts, special measures against specific entities or countries, issuance of administrative rulings, enforcement and penalties related to money and finance regulations, and issuance of summons for testimony and production of records.

The provided legal document content pertains to the rules for banks under the Financial Crimes Enforcement Network, Department of the Treasury. It defines the terms ‘account’ and ‘customer’ for the purpose of this part. The rules require banks, savings associations, and credit unions to implement and maintain an anti-money laundering program that complies with specified regulations. The program should include internal controls, independent testing for compliance, designated individuals responsible for coordinating and monitoring compliance, personnel training, risk-based procedures for ongoing customer due diligence, and customer information about the beneficial owners of legal entity customers.

The provided legal document content pertains to the Rules for Money Services Businesses under the Financial Crimes Enforcement Network, Department of the Treasury. These rules govern the operations and activities of Money Services Businesses (MSBs). MSBs are entities engaged in providing services such as currency exchange, money transmission, check cashing, and prepaid access. The document refers to 1010.100 of the Code of Federal Regulations for general definitions. The rules apply to all Money Services Businesses and outline various requirements and obligations that MSBs must comply with.

The provided legal document content pertains to the Rules for Brokers or Dealers in Securities. It defines key terms such as ‘account’, ‘broker-dealer’, ‘customer’, ‘Commission’, and ‘financial institution’. The document outlines the requirements for brokers or dealers in securities to establish and maintain an anti-money laundering program, including policies, procedures, and internal controls to achieve compliance with the Bank Secrecy Act. It also focuses on customer identification programs (CIP) for broker-dealers, specifying risk-based procedures for verifying customer identity and recordkeeping requirements.

This document, part of the Regulations Relating to Money and Finance, specifically governs the Rules for Mutual Funds. It applies to persons and entities involved in mutual funds. The document provides definitions for various terms used in the context of mutual funds, such as ‘account’ and ‘customer’. It clarifies that an account refers to any contractual or business relationship between a person and a mutual fund for transactions in securities issued by the mutual fund, excluding certain types of accounts.

The provided legal document content includes various aspects related to insurance companies. It defines terms used in the Rules for Insurance Companies and specifies that the term ‘insurance company’ or ‘insurer’ refers to any person engaged in the issuing or underwriting of covered products, excluding insurance agents and insurance brokers. The document outlines the requirements for anti-money laundering programs applicable to insurance companies, including the development and implementation of policies, procedures, and internal controls to prevent money laundering and terrorist financing.

The provided legal document content governs the rules and requirements for Futures Commission Merchants (FCMs) and Introducing Brokers in Commodities (IB-Cs). It defines various terms such as ‘Account’, ‘Commodity’, ‘Contract of sale’, ‘Customer’, ‘Financial institution’, ‘Futures commission merchant’, ‘Introducing broker’, and ‘Option’. The document outlines the requirements for establishing and maintaining an anti-money laundering program, including policies, procedures, and internal controls to prevent money laundering and terrorist financing. It also governs the implementation of Customer Identification Programs (CIP) and reporting requirements for suspicious transactions.

The provided legal document content pertains to the rules for dealers in precious metals, precious stones, or jewels. It applies to persons engaged within the United States as a business in the purchase and sale of covered goods, which include jewels, precious metals, precious stones, and finished goods deriving 50 percent or more of their value from these materials. The document defines the term ‘dealer’ and provides exceptions for retailers, licensed or authorized pawnbrokers engaged in pawn transactions, and certain retail transactions.

The provided legal document content pertains to the Rules for Operators of Credit Card Systems. It defines key terms such as acquiring institution, credit card, foreign bank, issuing institution, operator of a credit card system, and operator’s credit card. The document also clarifies the scope of the definition of foreign bank. It outlines the requirement for operators of credit card systems to develop and implement anti-money laundering programs, including minimum program requirements such as policies, procedures, internal controls, designation of a compliance officer, education and training, and independent audit.

The provided legal document content pertains to the regulations governing loan or finance companies. These rules apply specifically to loan or finance companies and provide guidelines and requirements for their operations. The document does not mention any specific exemptions or circumstances where the rules do not apply. Additionally, it does not specify any penalties for non-compliance or violation of the provisions.

The provided legal document content pertains to the rules governing housing government sponsored enterprises (GSEs). These rules apply to GSEs, which are entities established by the government to support the housing market and promote affordable homeownership. The document does not mention any specific exemptions from these rules. However, it is important to note that the document refers to 1010.100 of the Code of Federal Regulations for general definitions, which may provide further clarity on the scope and applicability of these rules.

This document outlines the reporting obligations imposed on banks that maintain a correspondent account for a specified foreign bank. The obligations pertain to the reporting of any transfers of funds processed by the foreign bank within the preceding 90 calendar days for Iranian-linked financial institutions designated under IEEPA and IRGC-linked persons designated under IEEPA. The banks are required to inquire with the foreign bank and report the relevant information to FinCEN (Financial Crimes Enforcement Network).

The provided legal document content pertains to the penalties associated with violations of the Trading With the Enemy Act (TWEA). It applies to individuals who willfully violate any provision of TWEA or any related license, rule, or regulation, as well as those who willfully violate, neglect, or refuse to comply with any order of the President issued in compliance with TWEA. Upon conviction, individuals can face fines of up to $1,000,000, imprisonment for up to 20 years, or both.

The provided legal document content pertains to reporting, procedures, and penalties regulations related to transactions subject to the provisions of the Code of Federal Regulations, Money and Finance: Treasury, Regulations Relating to Money and Finance, and OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY. It requires every person engaging in any transaction subject to the provisions of this chapter to keep a full and accurate record of each such transaction engaged in, regardless of whether it was conducted under a license or not.

This document, part of the Arkansas Administrative Rules, pertains to the operation and ownership of race books and sports pools in Arkansas. It provides definitions for various terms used in the document, including ‘account wagering system’, ‘book’, ‘call center system’, ‘cash’, ‘central site book’, ‘commission’, ‘communications technology’, ‘internet’, ‘key employee’, ‘messenger bettor’, ’nonpari-mutuel wager’, ‘operator of a call center’, ‘outstation book’, ‘payout’, ‘post time’, ‘race book’, ‘satellite book’, ‘secure personal identification’, ‘sports pool’, ‘wagering account’, ‘wagering communication’, and ‘wagering instructions’.

These rules govern off-track pari-mutuel horse race account wagering in Arkansas. It applies to persons who are not physically present on the premises of the Licensee, franchise holder, or book. However, there are exemptions for wagers made pursuant to specific sections of the Arkansas Code. The document does not specify any specific penalties for non-compliance or violation. Overall, these rules establish the scope and regulations for off-track pari-mutuel horse race account wagering in Arkansas.

This document, governed by the Arkansas Administrative Rules, Department of Finance and Administration, Racing Commission, and Casino Gaming Rules, outlines the rules and regulations for the operation of interactive gaming in the state of Arkansas. It applies to operators of interactive gaming, authorized players, and interactive gaming service providers. The document defines key terms such as ‘authorized player,’ ‘commission,’ ‘interactive gaming account,’ ‘interactive gaming service provider,’ ‘interactive gaming system,’ ‘inter-operator poker network,’ and ‘operator of interactive gaming.

The provided legal document content outlines the regulations, reporting requirements, recordkeeping requirements, special information sharing procedures, and special standards of diligence, prohibitions, and special measures for casinos and card clubs. It clarifies the meanings of various terms used in the regulations and provides definitions for terms such as business year, casino account number, customer, gaming day, and machine-readable. The document emphasizes the need for casinos to implement and maintain a compliance program to ensure adherence to the regulations set forth in 31 U.

This document, part of the IRS - Internal Revenue Manuals, focuses on the regulatory and organizational structure of the IRS SB/SE Bank Secrecy Act (BSA) examination program. It applies to SB/SE Specialty BSA and can be referenced by all other divisions of the IRS. The purpose of this document is to provide an overview of the BSA exam authority delegated to the IRS, which helps ensure that financial institutions are following BSA laws and regulations.

This document pertains to the requirements and exemptions for casinos and card clubs regarding the reporting and recordkeeping of cash transactions. It specifies that casinos and card clubs with a gross annual gaming revenue (GAGR) of $1,000,000 or less are subject to the reporting requirements of IRC 6050I and 31 CFR 1010.330, but not the reporting, recordkeeping, and Anti-Money Laundering (AML) program requirements of 31 CFR Part 1021. The smaller casinos are only required to comply with Form 8300, which involves reporting cash payments over $10,000 received in a trade or business.

This section of the IRS - Internal Revenue Manuals addresses the Title 31 Bank Secrecy Act (BSA) law and regulations specifically related to structuring. The purpose of this section is to assist in identifying potentially structured transactions and developing structuring violation issues. The target audience for this IRM is BSA managers, examiners, and technical support personnel. The document governs the prohibition of structuring transactions to evade reporting requirements under the BSA and/or IRC 6050I.

This legal document, part of the New Jersey Administrative Code, governs the operation of sports pool and online sports pool wagering at casinos and racetracks. It outlines the requirements for equipment and software used in operating a sports pool, including the need for review and approval by the Division’s Technical Services Bureau. The document specifies that the server or other equipment accepting wagers must be located in a racetrack or in Atlantic City, and it provides guidelines for creating wagers, risk management, fraud detection, and regulatory compliance.

This document outlines the general requirements for retail fixed odds wagering in New Jersey. It applies to race tracks, licensed wagering operators, and patrons. The requirements include maintaining a cash reserve to cover outstanding wagering liability, investigating and responding to patron complaints, using approved totalisator equipment and kiosks for wagering, transporting receipts to a secure location for counting, complying with state and federal laws regarding currency transactions and anti-money laundering protocols, collecting personal information for wagers over $10,000, redeeming winning tickets through ticket writers or kiosks, recording information for each wager made, including event description, wager selection, odds, amount, and date/time, issuing tickets with operator information and unique identifiers, recording information for redeemed lost tickets, preventing redemption of previously redeemed or altered tickets, expiring unclaimed winning tickets after one year, accepting various methods of payment, prohibiting credit to patrons, setting fixed odds for wagering, offering fixed odds wagers only on approved races, restricting wagering to patrons 18 years or older and not self-excluded, requiring Division consent to void wagers, and allowing recalculation of starting post price but not adjustment of odds after a wager is made.

This document governs the requirements for online fixed odds wagering in New Jersey. It applies to licensed wagering operators accepting wagers from patrons online. The operators must perform a system integrity and security assessment conducted by an independent professional approved by the Division. The assessment report must include the scope of the review, the individuals who conducted the assessment, findings, recommended corrective actions, and the operator’s response. Online wagers can only be accepted from patrons located in New Jersey, unless permission is granted for acceptance from another jurisdiction.

This legal document governs the internal controls and house rules for fixed odds wagering operations conducted by licensed wagering operators. Licensed wagering operators are required to file internal controls with the Division prior to commencing operations and maintain them. The internal controls should address various aspects such as user access controls, segregation of duties, risk management procedures, fraud detection and reporting procedures, prevention of wagering by prohibited patrons, anti-money laundering compliance standards, description of wagers and integrated third-party systems, procedures for ensuring registration of fixed odds vendors, and procedures for telephone wagering.

This legal document defines and governs gambling in the state of Tennessee. It states that gambling is contrary to the public policy of the state and involves risking anything of value for a profit contingent on chance. However, there are several exemptions to the definition of gambling, including lawful business transactions, annual events operated for nonprofit organizations, state lottery, fantasy sports contests, accepting or placing wagers on sporting events, and low-level sports entertainment pools.

This Tennessee law requires any person or business entity in the state, including healthcare providers, that has obtained a federal social security number for a legitimate business or governmental purpose to make reasonable efforts to protect that number from public disclosure. The law prohibits posting or displaying social security numbers in public, transmitting them over the Internet without secure connections or encryption, requiring them to log onto websites without password or authentication, printing them on materials mailed to consumers (unless required by law or for forms/applications), and printing them on checks, cards, identifications, or badges.

This document outlines the regulatory requirements for currency transaction reporting for banks. It specifies that banks must electronically file a Currency Transaction Report (CTR) for each transaction in currency of more than $10,000. However, certain transactions involving exempt persons may be exempt from reporting. The document also requires banks to verify and record the identification information of individuals conducting transactions. It further explains the aggregation of currency transactions and provides guidance on determining when transactions conducted by separately incorporated businesses should be aggregated.

This document outlines the regulatory requirements for customer due diligence (CDD) in the banking sector. It emphasizes the importance of adopting risk-based CDD policies, procedures, and processes to understand the nature and purpose of customer relationships, particularly those presenting a higher risk for money laundering and terrorist financing. The document highlights the need for ongoing monitoring to identify and report suspicious transactions and maintain updated customer information, including beneficial ownership information for legal entity customers.

This document outlines the regulatory requirements for banks regarding the Customer Identification Program (CIP). The CIP is a written program that banks must have in place to verify the identity of their customers. The program must be appropriate for the bank’s size and type of business and must include certain minimum requirements. The CIP must include risk-based procedures for verifying the identity of each customer, taking into account factors such as the types of accounts maintained by the bank, the bank’s methods of opening accounts, and the types of identifying information available.

This document outlines the regulatory requirements for banks and individuals regarding the reporting of international shipments of currency or monetary instruments. It states that any person, including banks, who physically transports, mails, or ships currency or monetary instruments in an aggregate amount exceeding $10,000 at one time out of or into the United States must file a Report of International Transportation of Currency or Monetary Instruments (CMIR). The CMIR must be filed at the time of entry into or departure from the United States.

This document provides guidance on assessing compliance with BSA regulatory requirements for banks. In addition to the Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program requirements, banks must also comply with other program, reporting, and recordkeeping requirements, special information sharing procedures, and special standards of diligence, prohibitions, and special measures set forth in 31 CFR Chapter X Part 1020. The document emphasizes the need for written policies, procedures, processes, and practices that align with the bank’s unique money laundering, terrorist financing (ML/TF), and other illicit financial activity risk profile.

This document outlines the regulatory requirements for banks regarding recordkeeping for the purchase and sale of certain monetary instruments. The purpose is to ensure compliance with the Bank Secrecy Act (BSA) regulations. Banks are required to maintain records of information for each issuance or sale of monetary instruments involving currency amounts between $3,000 and $10,000. The required information includes the purchaser’s name, date of purchase, types of instruments purchased, serial numbers of the instruments, and specific identifying information.

This document outlines the regulatory requirements for banks and United States persons regarding the reporting of foreign financial accounts. It states that a United States person, including a bank, must file a Report of Foreign Bank and Financial Accounts (FBAR) if they have a financial interest in, or authority over, one or more foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year. The document clarifies that the federal tax treatment of an entity does not determine its FBAR filing requirement.

This document outlines the regulatory requirements for banks in the United States regarding special measures under Section 311 of the USA PATRIOT Act. The objective is to assess the bank’s compliance with the BSA regulatory requirements for special measures. Section 311 authorizes the Secretary of the Treasury to require domestic financial institutions and agencies to take certain special measures against foreign jurisdictions, foreign financial institutions, classes of international transactions, or types of accounts that are of primary money laundering concern.

This document outlines the regulatory requirements for banks regarding transactions of exempt persons under the Bank Secrecy Act (BSA). Banks are required to electronically file a Currency Transaction Report (CTR) for each transaction in currency over $10,000, but certain customers may be exempt from this reporting requirement. The exemptions are categorized into Phase I and Phase II exempt persons. Phase I exempt persons include banks, government agencies, listed entities, and their subsidiaries.

This document outlines the requirements for assessing the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program of banks. The objective is to determine whether the bank has designed, implemented, and maintains an adequate BSA/AML compliance program that complies with BSA regulatory requirements. The BSA/AML compliance program must be written, approved by the board of directors, and noted in the board minutes. It should be commensurate with the bank’s ML/TF and other illicit financial activity risk profile.

This document outlines the responsibilities and requirements of a BSA compliance officer in banks and financial institutions. The objective is to ensure that the bank’s board of directors designates a qualified individual or individuals to coordinate and monitor day-to-day compliance with BSA regulatory requirements. The BSA compliance officer is responsible for managing all aspects of the BSA/AML compliance program and should have appropriate authority, independence, and access to resources. The board of directors is ultimately responsible for the bank’s BSA/AML compliance and should provide oversight.

This document governs the independent testing program for assessing the adequacy of a bank’s compliance with BSA regulatory requirements and the overall adequacy of the BSA/AML compliance program. The independent testing should be conducted by the internal audit department, outside auditors, consultants, or other qualified independent parties. Banks without external auditors or consultants or internal audit departments may use qualified bank staff not involved in the function being tested. The independent testing should report directly to the board of directors or a designated board committee.

This document focuses on assessing the internal controls of banks and financial institutions to ensure ongoing compliance with the Bank Secrecy Act (BSA) regulatory requirements. The board of directors, through senior management, is responsible for establishing and maintaining internal controls that mitigate and manage money laundering, terrorist financing, and other illicit financial activity risks. The internal controls should be commensurate with the size, complexity, and organizational structure of the bank. The document outlines various factors that should be considered in assessing the adequacy of internal controls, such as incorporating the bank’s risk assessment, providing program continuity, facilitating oversight of information technology, incorporating dual controls and segregation of duties, and establishing specific compliance responsibilities.

This document pertains to the development and delivery of a Bank Secrecy Act/Anti-Money Laundering (BSA/AML) training program to appropriate personnel within banks. The objective is to ensure that banks have a comprehensive training program that covers relevant aspects of the BSA, regulatory requirements, supervisory guidance, and the bank’s internal BSA/AML policies, procedures, and processes. The training should be tailored to each individual’s specific responsibilities and may require targeted training for specific risks and requirements applicable to certain business lines or operational units.

This document, the BSA/AML Risk Assessment, is part of the Federal Financial Institutions Examination Council (FFIEC) BSA/AML Examination Manual. It provides standards for examiners to assess the adequacy of a bank’s BSA/AML risk assessment process. The objective is to review the bank’s risk assessment process and determine if it has adequately identified money laundering, terrorist financing, and other illicit financial activity risks within its banking operations. The risk assessment process helps banks identify and mitigate risks, develop appropriate internal controls, and comply with BSA regulatory requirements.

This document outlines the regulatory requirements for banks to identify and verify the beneficial owner(s) of legal entity customers. The purpose of these requirements is to enhance transparency and prevent money laundering and other illicit activities. A legal entity customer is defined as a corporation, limited liability company, or other entity that is created by filing a public document. The beneficial owner(s) of a legal entity customer can be determined under both a control prong and an ownership prong.

This document outlines the regulatory requirements and due diligence procedures for banks and financial institutions that maintain correspondent accounts for foreign shell banks and engage in foreign correspondent banking activities. The document covers the provisions of the USA PATRIOT Act, which aim to protect the U.S. financial system from money laundering and terrorist financing. It requires banks to establish and maintain records for foreign banks, conduct due diligence on foreign correspondent accounts, and take steps to prevent indirect banking services to foreign shell banks.

This document governs the compliance of banks and financial institutions with statutory and regulatory requirements for funds transfers. It outlines the recordkeeping requirements for banks involved in funds transfers, including the collection and retention of specific information depending on the bank’s role in the transfer. The document also introduces the ‘Travel Rule’ which requires financial institutions to include certain information in transmittal orders for funds transfers. Intermediary institutions are required to retain records of payment orders, while beneficiary’s banks must retain records of payment orders and verify the identity of the recipient.

This document governs the information sharing procedures to deter money laundering and terrorist activity. It applies to financial institutions. The document outlines the requirements for sharing information between law enforcement agencies and financial institutions under Section 314(a) of the USA PATRIOT Act. It also covers voluntary information sharing under Section 314(b) of the USA PATRIOT Act. The document specifies the search requirements, use restrictions, confidentiality obligations, and documentation requirements for financial institutions.

This document pertains to the assessment of a bank’s risk-based Office of Foreign Assets Control (OFAC) compliance program. OFAC is an office of the U.S. Treasury that administers and enforces economic and trade sanctions. The document outlines the requirements for banks to comply with OFAC regulations, including blocking accounts and property of specified countries, entities, and individuals, prohibiting unlicensed trade and financial transactions, and reporting blocked and rejected transactions to OFAC.

This document outlines the requirements for U.S. financial institutions to implement a due diligence program for private banking accounts established, administered, or maintained for non-U.S. persons. The program must include policies, procedures, and controls to detect and report money laundering and suspicious activity. Private banking accounts are defined as accounts that require a minimum aggregate deposit of funds or other assets of not less than $1,000,000 and are established on behalf of or for the benefit of one or more non-U.

This legal document governs the policies, procedures, and processes related to monitoring, detecting, and reporting suspicious activities in the banking industry. It applies to banks, bank holding companies, and their subsidiaries. The document emphasizes the importance of suspicious activity reporting in combating terrorism, terrorist financing, money laundering, and other financial crimes. It outlines the specific requirements for filing a Suspicious Activity Report (SAR) and the thresholds for reporting. The document also highlights the safe harbor provision that protects banks from civil liability for reporting suspicious transactions.

This document provides guidance to examiners conducting BSA/AML examinations on banks. The objective is to formulate conclusions about the adequacy of the banks BSA/AML compliance program and its compliance with BSA regulatory requirements. Examiners should focus on whether the bank has established appropriate processes to manage ML/TF and other illicit financial activity risks, and whether the bank has complied with BSA requirements. Conclusions and findings should be presented in a written format for inclusion in the report of examination (ROE).

This document provides an overview of BSA/AML compliance program structures for banking organizations. It emphasizes the importance of having a comprehensive BSA/AML compliance program that addresses BSA requirements applicable to all operations of the organization. The document discusses different approaches to structuring and managing the program, including consolidation across entities within an organization or as part of an enterprise risk management framework. It highlights the need for a consolidated approach to reflect the organization’s business structure, size, and complexity, and to effectively address risks and legal requirements.

This document provides an overview of the assessment of U.S. banks’ systems to manage risks associated with their foreign branches and offices. It emphasizes the importance of effective monitoring and reporting systems. U.S. banks open foreign branches and offices to meet customer demands, expand their products or services, or facilitate growth. The document highlights that while specific BSA requirements are not applicable to foreign branches and offices, banks are expected to have policies, procedures, and processes in place to protect against money laundering and terrorist financing risks.

This document, part of the Federal Financial Institutions Examination Council (FFIEC) BSA/AML Examination Manual, provides guidance on assessing the adequacy of a bank’s systems to manage the risks associated with parallel banking relationships. Parallel banking relationships exist when at least one U.S. bank and one foreign financial institution are controlled by the same person or group of persons. The document highlights the money laundering risks associated with parallel banking organizations due to regulatory and supervisory differences between the U.

The provided legal document content consists of information related to the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. It outlines the requirements and expectations for banks and financial institutions in implementing an effective BSA/AML compliance program. The program must be written, approved by the board of directors, and noted in the board minutes. It should be commensurate with the bank’s BSA/AML risk profile and fully implemented to meet the BSA requirements.

This document outlines the objective of developing and documenting the BSA/AML examination plan for banks. Examiners are required to review a bank’s BSA/AML compliance program during each examination cycle by conducting appropriate examination and testing procedures. The initial examination plan enables the examiner to establish the procedures needed to assess the adequacy of the bank’s BSA/AML compliance program and its compliance with BSA regulatory requirements. The plan should consider factors such as the bank’s risk profile, size or complexity, organizational structure, quality of independent testing, changes to the bank’s BSA/AML compliance officer or department, expansionary activities, innovations, new technologies, and other relevant factors.

This document, titled ‘Risk-Focused BSA/AML Supervision’, provides guidance on conducting BSA/AML examinations for banks and financial institutions. The objective is to assess the adequacy of the bank’s BSA/AML compliance program and its compliance with BSA regulatory requirements. The document emphasizes a risk-focused approach, tailoring examination plans to each bank’s unique risk profile. Examiners should review the bank’s BSA/AML risk assessment, independent testing or audits, previous examination findings, management’s responses, offsite and ongoing monitoring, and BSA reporting available from FinCEN.

This document, part of the Federal Financial Institutions Examination Council (FFIEC) BSA/AML Examination Manual, provides guidance to examiners on scoping and planning for the examination of a bank’s money laundering, terrorist financing (ML/TF), and other illicit financial activity risk profile. The objective is to develop a risk-focused examination scope and document the Bank Secrecy Act/anti-money laundering (BSA/AML) examination plan. Examiners assess the adequacy of the bank’s BSA/AML compliance program and its compliance with BSA regulatory requirements.

This section of the United States Code governs the retention of records by insured depository institutions. It requires insured depository institutions in the United States, as well as businesses that provide check cashing services, money transmitting businesses, and businesses that issue or redeem money orders, travelers checks or other similar instruments, to maintain appropriate types of records. These records have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings.

This section of the United States Code governs the process of making online banking initiation legal and easy. It provides definitions for terms used in the section, such as ‘affiliate’, ‘driver’s license’, ‘financial institution’, ‘online service’, and more. The section allows financial institutions to record personal information from a scan of an individual’s driver’s license or personal identification card when they initiate a request through an online service to open an account or obtain a financial product or service.

Civil penalties (a) For each willful or grossly negligent violation of any regulation under this chapter, the Secretary may assess upon any person to which the regulation applies, or any person willfully causing a violation of the regulation, and, if such person is a partnership, corporation, or other entity, upon any partner, director, officer, or employee thereof who willfully or through gross negligence participates in the violation, a civil penalty not exceeding $10,000.

Criminal penalty Whoever willfully violates any regulation under this chapter shall be fined not more than $1,000 or imprisoned not more than one year, or both.

The legal document content reviewed pertains to the subchapter on electronic fund transfers under the Consumer Credit Protection Act. It establishes the framework for electronic fund and remittance transfer systems, with a focus on individual consumer rights. The document provides definitions for key terms used in electronic fund transfers and includes exemptions for certain types of transactions. It requires the disclosure of various information at the time of contracting for electronic fund transfer services, including consumer liability for unauthorized transfers, contact information for reporting unauthorized transfers, types and nature of transfers, charges for transfers, right to stop payment of preauthorized transfers, right to receive documentation of transfers, summary of error resolution provisions, financial institution’s liability to the consumer, circumstances of disclosing account information to third parties, and notice of potential fees imposed by automated teller machine operators and networks.

This legal document, found in the United States Code under the section on racketeering, prohibits the operation of unlicensed money transmitting businesses. It applies to individuals or entities who knowingly conduct, control, manage, supervise, direct, or own all or part of such businesses. An unlicensed money transmitting business is defined as a business that affects interstate or foreign commerce and operates without the required money transmitting license in a state where such operation is punishable as a misdemeanor or felony, fails to comply with money transmitting business registration requirements, or involves the transportation or transmission of funds derived from a criminal offense or intended to promote unlawful activity.

This legal document, 2461 of the United States Code, governs the mode of recovery for civil fines, penalties, and pecuniary forfeitures. When an Act of Congress prescribes a civil fine, penalty, or pecuniary forfeiture without specifying the mode of recovery, it may be recovered through a civil action. If a forfeiture of property is prescribed as a penalty for violating an Act of Congress and the seizure occurs on the high seas or navigable waters within the admiralty and maritime jurisdiction of the United States, the forfeiture may be enforced by libel in admiralty.

This section of the United States Code governs the reporting requirements for domestic coins and currency transactions. It applies to domestic financial institutions and other participants involved in transactions for the payment, receipt, or transfer of United States coins or currency. The Secretary of the Treasury may prescribe regulations regarding the amount, denomination, or circumstances that trigger the reporting requirement. The Secretary may also designate domestic financial institutions as agents of the United States Government to receive reports.

This section of the United States Code, under the Money and Finance category, specifically addresses the reporting requirements for foreign currency transactions. The Congress recognizes the significant impact of moving mobile capital on the international monetary system and the importance of having up-to-date and comprehensive information on capital flows. The Secretary of the Treasury is authorized to prescribe regulations consistent with this section, which require reports on foreign currency transactions conducted by United States persons or foreign persons controlled by a United States person.

This section of the United States Code governs the reporting requirements for exporting and importing monetary instruments. It applies to persons, agents, or bailees who knowingly transport or receive monetary instruments of more than $10,000 at one time. The report must be filed at the time and place prescribed by the Secretary of the Treasury and should include information such as the legal capacity of the person filing the report, the origin, destination, and route of the monetary instruments, the identity of the person giving or receiving the instruments, and the amount and kind of monetary instruments transported.

This legal document, found in the United States Code, governs the search and forfeiture of monetary instruments. The Secretary of the Treasury has the authority to apply for a search warrant when there is a reasonable belief that a monetary instrument is being transported without the required report or with a material omission or misstatement. Customs officers at the border have the power to stop and search vehicles, vessels, aircraft, containers, and individuals to ensure compliance with reporting requirements.

This legal document, found in the United States Code under the section on MONEY AND FINANCE, governs compliance, exemptions, and summons authority related to records and reports on monetary instrument transactions. It applies to financial institutions, nonfinancial trades or businesses, officers or employees of financial institutions or nonfinancial trades or businesses, and persons having possession, custody, or care of required reports and records. The document provides exemptions for certain transactions within a state that are subject to similar requirements and have adequate enforcement provisions, examinations conducted by a state supervisory agency for compliance, and appropriate exemptions prescribed by the Secretary of the Treasury.

This legal document, found in the United States Code, provides the Secretary of the Treasury with the authority to require domestic financial institutions and domestic financial agencies to take special measures if there are reasonable grounds to conclude that a jurisdiction outside of the United States, financial institutions operating outside of the United States, classes of transactions within or involving a jurisdiction outside of the United States, or types of accounts are of primary money laundering concern.

Injunctions When the Secretary of the Treasury believes a person has violated, is violating, or will violate this subchapter or a regulation prescribed or order issued under this subchapter, the Secretary may bring a civil action in the appropriate district court of the United States or appropriate United States court of a territory or possession of the United States to enjoin the violation or to enforce compliance with the subchapter, regulation, or order.

This legal document, found in the United States Code, governs civil penalties for violations related to monetary transactions, records, and reports on monetary instruments transactions. It applies to domestic financial institutions, nonfinancial trade or business, as well as their partners, directors, officers, and employees. The document outlines various civil penalties for willful violations, failure to file reports or filing reports with omissions or misstatements, failure to comply with regulations or injunctions, structured transaction violations, and foreign financial agency transaction violations.

This legal document outlines the criminal penalties for violations of the specified subchapter or regulations prescribed or orders issued under it. It applies to individuals who willfully violate the subchapter or regulations, as well as financial institutions or agencies that violate specific provisions or regulations. The document provides different penalties based on the nature of the violation. Willful violations can result in fines of up to $250,000, imprisonment for up to 5 years, or both.

This section of the United States Code establishes whistleblower incentives and protections. It defines key terms such as ‘covered judicial or administrative action’, ‘monetary sanctions’, ‘original information’, ‘related action’, and ‘whistleblower’. The section outlines the awards that whistleblowers may receive for providing original information that leads to the successful enforcement of a covered judicial or administrative action. The awards range from 10 to 30 percent of the monetary sanctions imposed in the action.

This legal document, 5324 of the United States Code, prohibits the structuring of transactions to evade reporting requirements. It applies to domestic coin and currency transactions involving financial institutions, nonfinancial trades or businesses, and international monetary instrument transactions. The document states that no person shall cause or attempt to cause a financial institution or nonfinancial trade or business to fail to file a required report or maintain a required record, or structure or assist in structuring any transaction with such entities.

This legal document, 5330 of the United States Code, governs the registration of money transmitting businesses. It requires any person who owns or controls a money transmitting business to register the business with the Secretary of the Treasury within 180 days of the enactment of the Money Laundering Suppression Act of 1994 or the date on which the business is established, whichever is later. The registration must include information such as the name and location of the business, the names and addresses of the owners, directors, officers, and other participants in the business, and the name and address of any depository institution where the business maintains a transaction account.

This legal document, found in the United States Code, specifically addresses the criminal offense of bulk cash smuggling into or out of the United States. It states that anyone who knowingly conceals more than $10,000 in currency or other monetary instruments with the intent to evade currency reporting requirements and transports or transfers it between places within or outside the United States is guilty of a currency smuggling offense. The offense carries a penalty of imprisonment for up to 5 years.

The legal documents reviewed pertain to records and reports on monetary instruments transactions. They establish reporting requirements for domestic coins and currency transactions, transactions with foreign financial agencies, foreign currency transactions, exporting and importing monetary instruments, search and forfeiture of monetary instruments, compliance, exemptions, and summons authority related to records and reports, special measures for primary money laundering concerns, availability of reports, injunctions, civil penalties, criminal penalties, whistleblower incentives and protections, structuring transactions to evade reporting requirements, identification requirements for purchasing certain monetary instruments, orders requiring information, registration of money transmitting businesses, reporting requirements for certain transactions, bulk cash smuggling offenses, safe harbor provision for keep open requests, training requirements for Federal examiners, and criminal offenses related to concealment of material facts.

This legal document, 5342 of the United States Code, addresses the issue of high-risk money laundering and related financial crime areas. It allows for the designation of areas where money laundering or related financial crimes occur at a higher than average rate. The Secretary, in consultation with the Attorney General, is responsible for designating these high-risk areas based on various factors. The purpose is to develop comprehensive approaches to address the problem in cooperation with state and local law enforcement agencies.

This legal document governs the requirements for anti-money laundering (AML) programs and reports. It applies to licensees and authorized delegates operating in the financial services industry. The document mandates that licensees comply with state and federal laws, rules, and regulations related to the detection and prevention of money laundering. Licensees are required to maintain an AML program, which includes internal controls, independent compliance testing, designated individuals responsible for compliance, training for personnel, and risk-based procedures for ongoing customer due diligence.

This document governs the submission and approval of internal controls for all aspects of sports pool wagering operations. It applies to operators of sports pool wagering operations. The internal controls must address various items related to the sports pool system, including user access controls, segregation of duties, risk management procedures, fraud and suspicious conduct reporting, prevention of wagering by prohibited patrons, anti-money laundering compliance standards, types of wagers offered, integrated third-party systems, reconciliation of assets and documents in cashier drawers and automated ticket machines, and procedures for paying winning wagers in case of system failure.

This document outlines the requirements for operating a sports pool system. It applies to operators of sports pools and provides guidelines for the submission and approval of equipment and software used in conjunction with the operation of a sports pool. The server or equipment used to accept wagers must be located within the casino. The document also requires the inclusion of a risk management framework in the system submission, which includes user access controls, segregation of duties, automated risk management procedures, fraud detection measures, regulatory compliance controls, and anti-money laundering compliance standards.

This legal document outlines the duties to report for operators, employees of operators, sports pool vendors, and employees of sports pool vendors in the context of casino gaming and sports wagering. The document specifies various situations where reporting is required, including dishonest or unlawful acts affecting wagers or sports events, offers or promises of bribes or requests for improper acts, suspicious activity, compromised sports event integrity, and money laundering or fraudulent transactions.

This document governs the audit and financial controls for courier services operating under the New York State Gaming Commission. Courier services are required to provide audited financial statements annually, unless waived by the commission. They must also submit a management letter listing any internal control or operational weaknesses noted during the audit, along with a response outlining corrective actions taken or planned. If a courier service or its affiliates are publicly held, they must provide written notice of any reports filed with the United States Securities and Exchange Commission or other securities regulatory agencies.

This legal document, found in the Code of Federal Regulations, outlines the records that casinos and card clubs are required to maintain. It applies to all deposits of funds, accounts opened, or lines of credit extended after the effective date of these regulations. Casinos must secure and maintain records of the name, permanent address, and social security number of the person involved in each transaction. For nonresident aliens, the casino must also record the person’s passport number or a description of another government document used to verify their identity.

This document governs the reporting requirements for casinos and card clubs regarding suspicious transactions. It applies to all casinos and card clubs. The document specifies that every casino must file a report with FinCEN for any suspicious transaction relevant to a possible violation of law or regulation. The transaction must involve or aggregate at least $5,000 in funds or other assets, and the casino must know, suspect, or have reason to suspect that the transaction is related to illegal activity, is intended to hide or disguise funds derived from illegal activity, is designed to evade requirements of the Bank Secrecy Act, has no apparent lawful purpose, or involves the use of the casino to facilitate criminal activity.

This document outlines the filing obligations for casinos and card clubs regarding transactions in currency. It requires each casino to file a report for each transaction involving cash in or cash out of more than $10,000. The document provides a detailed list of transactions that fall under cash in and cash out categories. Additionally, it specifies exemptions for certain transactions, including those between a casino and a dealer in foreign exchange or check casher, cash out transactions where the currency is won in a money play, bills inserted into electronic gaming devices in multiple transactions, and jackpots from slot machines or video lottery terminals.

Refer to 1010.312 of this chapter for identification requirements for reports of transaction in currency filed by casinos and card clubs.

In the case of a casino, multiple currency transactions shall be treated as a single transaction if the casino has knowledge that they are by or on behalf of any person and result in either cash in or cash out totaling more than $10,000 during any gaming day. For purposes of this section, a casino shall be deemed to have the knowledge described in the preceding sentence, if: Any sole proprietor, partner, officer, director, or employee of the casino, acting within the scope of his or her employment, has knowledge that such multiple currency transactions have occurred, including knowledge from examining the books, records, logs, information retained on magnetic disk, tape or other machine-readable media, or in any manual system, and similar documents and information, which the casino maintains pursuant to any law or regulation or within the ordinary course of its business, and which contain information that such multiple currency transactions have occurred.

This document outlines the anti-money laundering program requirements for casinos. It states that a casino must implement and maintain a compliance program to ensure adherence to the regulations set forth in 31 U.S.C. chapter 53, subchapter II and the regulations contained in this chapter. The compliance program should include internal controls for ongoing compliance, independent testing for compliance, training of casino personnel in identifying unusual or suspicious transactions, appointment of an individual or individuals for day-to-day compliance, procedures for using available information to determine required information and record-keeping, and the use of automated programs for compliance assurance in casinos with automated data processing systems.

Casinos and card clubs are subject to the reporting requirements set forth and cross referenced in this subpart. Casinos and card clubs should also refer to subpart C of part 1010 of this chapter for reporting requirements contained in that subpart which apply to casinos and card clubs.

The reports of transactions in currency requirements for casinos are located in subpart C of part 1010 of this chapter and this subpart.

This document provides definitions for various terms used in the Sports Wagering Act and regulations in Illinois. It clarifies the meanings of terms such as ‘abnormal wagering activity,’ ‘affiliate,’ ‘applicant,’ ‘attributed interest,’ ‘board,’ ‘business entity,’ ‘cancelled wager,’ ‘client,’ ‘collegiate sport or athletic event,’ ‘control,’ ‘designated gaming area,’ ‘gaming operation,’ ‘institutional investor,’ ‘internet wagering,’ ‘internet wagering system,’ ‘key person,’ ‘kiosk,’ ’layoff bet,’ ’license,’ ’licensee,’ ‘minor league,’ ‘occupational licensee,’ ‘official league data provider,’ ‘organization gaming facility,’ ‘ownership interest,’ ‘person,’ ‘problem gambling,’ ‘professional sport or athletic event,’ ‘redemption kiosk,’ ‘responsible gaming,’ ‘sole proprietor,’ ‘sports wagering operation,’ ‘sports wagering system,’ ‘supplier,’ ‘suspicious wagering activity,’ ’theoretical maximum exposure,’ ‘void wager,’ ‘wagering equipment,’ and ‘wagering kiosk.

This document outlines the minimum standards for internal control systems in the context of sports wagering. It applies to master sports wagering licensees in Illinois. The internal control system must include a detailed narrative description of the licensee’s sports wagering, administrative, and accounting procedures. The Administrator will develop and publish Minimum Internal Control Standards (MICS) in collaboration with the licensees, which must be addressed by all internal control systems. The MICS cover various topics including submission, approval, and amendment of the internal control system, general and administrative procedures, access control, conduct of wagering, rules of wagering, wagering equipment, kiosk fill and counts, cashiering, internet wagering, accounting, suspicious activity reporting, internal audit, surveillance, and security.

This legal document governs the compliance of financial institutions, excluding licensees under IC 24-4.4, IC 24-4.5, or 750 IAC 9, with various money laundering laws and regulations. The financial institutions are required to comply with the Bank Secrecy Act, the USA Patriot Act of 2001, regulations established by the Financial Crimes Enforcement Network of the United States Department of the Treasury, federal money laundering statutes and regulations, and any other applicable state or federal money laundering statutes or regulations.

This legal document governs the compliance with money laundering laws and the investigation and enforcement conducted by the department. It applies to licensees or authorized delegates who are engaged in money transmission services. The document requires the licensee or authorized delegate to comply with all state and federal money laundering statutes and regulations, including the Bank Secrecy Act, the USA Patriot Act of 2001, and any regulations established by the Financial Crimes Enforcement Network.

This section and the accompanying regulations define and interpret various terms and concepts related to online casino gaming, retail and online sports wagering, fantasy contests, keno, and online sale of lottery tickets in Connecticut. The definitions provided in this section apply to the regulations outlined in sections 12-865-2 to 12-865-34 of the Regulations of Connecticut State Agencies. The document covers a wide range of terms including ‘act’, ‘auto play’, ‘bots’, ‘business entity’, ‘CLC’, ‘commissioner’, ‘compliance manager’, ‘complimentaries’, ‘comprehensive identity check’, ‘confidential information’, ‘confidential information breach’, ‘consumables’, ‘core function’, ‘critical component’, ‘department’, ‘disaster recovery plan’, ‘document’, ‘dormant account’, ‘drawing’, ‘drawing device’, ’electronic wagering platform’, ’entry fee’, ’excluded person’, ‘fantasy contest’, ‘gaming’, ‘gaming entity licensee’, ‘gaming equipment’, ‘geolocation system’, ‘gross receipts’, ‘hardware’, ‘house-banked internet game’, ‘house rules’, ‘incident’, ‘independent audit’, ‘interactive online game’, ‘internal controls’, ‘internet games’, ‘internet gaming’, ‘internet gaming account’, ‘internet gaming app’, ‘keno’, ‘key employee’, ‘know your customer’, ’licensee’, ’live game equipment’, ’live online casino games’, ’lottery’, ’lottery draw game’, ‘NIST’, ‘occupational employee’, ‘occupational licensee’, ‘official procedures’, ‘online casino gaming’, ‘online gaming operator’, ‘online gaming service provider’, ‘online keno’, ‘online lottery’, ‘ownership interest’, ‘patron’, ‘patron device’, ‘patron session’, ‘peer-to-peer gaming’, ‘person’, ‘physical receipt’, ‘pool’, ‘prizes’, ‘prohibited patron’, ‘promotion’, ‘promotional drawing’, ‘reservation’, ‘retail sports wagering’, ‘return to player’, ‘script’, ‘sports wagering’, ‘sports wagering retailer’, ‘sports wagering retailer facility’, ‘state’, ‘strong authentication’, ‘substantial change’, ‘suspended account’, ‘T&S controls’, ’technical standard’, ’terminal’, ’ticket’, ‘voluntary self-exclusion’, and ‘wager’.

This document outlines the requirements for electronic wagering platforms used by online gaming operators in Connecticut. It applies to platforms offering interactive online games, retail sports wagering, online keno, and online lottery. The hardware for the platform, except for fantasy contests, must be located in a secure facility owned or leased by the operator within the state. Redundancy protocols must be in place to handle platform outages, and backup hardware for online lottery and online keno may be located outside the state with department approval.

This document outlines the requirements for online gaming operators and sports wagering retailers in Connecticut regarding the submission and approval of internal controls and procedures. Before starting internet gaming, operators and retailers must submit detailed written internal controls to the Department of Consumer Protection for review and approval. These controls should cover administrative and accounting procedures, as well as specific measures for responding to failures, managing risks, preventing fraud, and identifying prohibited patrons.

This document, part of the Connecticut Administrative Code, governs various aspects of online casino gaming, retail and online sports wagering, fantasy contests, keno, and online sale of lottery tickets. It applies to gaming entity licensees, online gaming operators, sports wagering retailers, and occupational licensees. The document outlines requirements and responsibilities for these entities, including the establishment of internet gaming accounts, software restrictions for internet gaming apps, appointment of a compliance manager, reporting of suspicious activities, compliance with federal requirements, prohibition of proxy wagering, data privacy and cybersecurity provisions, tax withholding and reporting requirements, reporting of changes in contact information or licensure status, restrictions on license transfer or sale, notification of name changes, reporting of changes in contact information or licensure status for occupational licensees, maintenance of technical standards, waiver of technical standards, suspension of internet gaming accounts, reporting of key employees, reporting of employee terminations or disciplinary actions, provision of employee lists, character and fitness requirements, and soft launch requirements for online gaming operators.

This document, specified in the District of Columbia Municipal Regulations under the section ‘LOTTERY AND CHARITABLE GAMES » iLOTTERY’, governs the use of the Office’s iLottery mobile application or website. It outlines the requirements for players who wish to deposit funds or purchase a play of an iLottery game or product using the Office’s Mobile Application or Website. The players must be at least eighteen (18) years of age, have a valid iLottery Account, have sufficient funds in their iLottery Account, be positively identified by the Office’s Know Your Customer (KYC) procedures, be physically located within the legal boundaries of District of Columbia, and be in compliance with all applicable laws, rules, and regulations.

This document, 5 DCMR 2100 District of Columbia Municipal Regulations 1107 iLOTTERY ACCOUNT FUNDING, governs the funding of iLottery accounts in the District of Columbia. It outlines the various methods by which players can deposit funds into their iLottery accounts, including credit cards, debit cards, ACH bank transfers, or any other approved method. The document sets forth the representations and warranties that players must make when initiating a deposit, such as having authority to use the payment source, not using fraudulent or unlawful funds, and not engaging in unlawful activities like money laundering.

5 DCMR 2100 District of Columbia Municipal Regulations 1704 FINES 1704.1 Pursuant to D.C. Official Code 3-1324, the Board may levy a fine of not more than one thousand dollars ($ 1,000) for any violation of the rules governing the conduct of bingo, raffles or Monte Carlo night parties. SOURCE: Final Rulemaking published at 29 DCR 5015 (November 12, 1982); as amended byFinal Rulemaking published at 35 DCR 3788 (May 20, 1988).

This document outlines the licensing requirements for businesses that wish to become Lottery Sports Wagering Sales Agents in the District of Columbia. In addition to being licensed as Lottery and Daily Numbers Games Agents, businesses must apply for a separate Lottery Sports Wagering Sales Agent license. The Office responsible for approving applications will consider factors such as the financial responsibility of the business, accessibility of the place of business to the public, sufficiency of existing retailer licensees, and the volume of expected District-operated sports wagering sales.

This document, District of Columbia Municipal Regulations 2115, governs the internal controls for all aspects of sports wagering operations. It applies to Operators and Management Services Providers. The document requires Operators and Management Services Providers to file internal controls with the Office prior to commencing operations. They must also submit internal controls for approval before implementing any changes. The internal controls should address various aspects of the sports wagering system, including user access controls, segregation of duties, risk management procedures, fraud and suspicious conduct reporting, prevention of underage and prohibited wagering, prevention of intoxicated and impaired persons from engaging in sports wagering, anti-money laundering compliance standards, types of wagers offered, and integrated third-party systems.

This document, titled ‘House Rules,’ governs the operations of privately operated sports wagering facilities in the District of Columbia. It requires Operators and Management Services Providers to adopt comprehensive House Rules, which must be submitted to the Office for approval before commencing operations. The House Rules must address various aspects, including the calculation and payment of winning wagers, the effect of schedule changes, notifying players of odds or proposition changes, acceptance of wagers at terms other than those posted, expiration of winning tickets, methods of contacting the Operator or Management Services Provider, description of prohibited sports participants, funding of sports wagers, circumstances for voiding a wager, treatment of errors and late bets, minimum and maximum wager amounts, and description of accepted wager types.

This document, part of the District of Columbia Municipal Regulations, outlines the requirements for operating a sports wagering system. It applies to operators of sports wagering or online sports wagering. The document states that all equipment and software used in conjunction with operating sports wagering must be submitted to an approved independent testing laboratory. The equipment and software must meet minimum testing requirements, such as the GLI-33 Standards for Event Wagering Systems.

This document pertains to the filing of Suspicious Activity Reports (SARs) in accordance with state and federal laws and rules related to the detection and prevention of money laundering. Licensees, authorized vendors, payment instrument sellers, money transmitters, and foreign currency exchangers are required to report suspicious transactions to the Financial Crimes Enforcement Network (FinCEN) using FinCEN Form 111. Failure to do so is a violation of Section 560.1235, F.S. Check cashers, on the other hand, are not required to file reports of suspicious transactions but are required to report suspicious activity to the office or an appropriate regulator.

This document, 69V-560.703 Money Transmitters, outlines the record-keeping requirements and policies that money transmitters in Florida must adhere to. For money transmissions below $3,000, the money transmitter must maintain records of the sender’s name, transaction receipt or confirmation number, transaction location, instructions or messages, transaction date, transaction amount in U.S. Dollars, authorized vendor name, and authorized vendor/foreign affiliate code/identifier. For transactions of $3,000 or more, compliance with the record-keeping requirements in 31 C.

This document provides definitions for various terms used in the chapter related to sports betting in the Virginia Administrative Code. It applies to individuals and entities involved in sports betting in the Commonwealth of Virginia. The document defines terms such as ‘ACH’, ‘Adjusted gross revenue’, ‘Affiliate’, ‘Cheating’, ‘College sports’, ‘Gross revenue’, ‘Principal’, ‘Sports betting’, and many others. The definitions provided in this document help in understanding the legal framework and terminology related to sports betting in Virginia.

This section of the Virginia Administrative Code governs investigations and reporting related to sports betting. It applies to regulated entities, which include permit holders, license holders, and registrants. Regulated entities are required to cooperate in good faith with investigations conducted by the director, sports governing bodies, or law enforcement agencies. They must provide account-level betting information, data files, and any other necessary information for investigations. The director has the authority to enter the premises of regulated entities during normal business hours to inspect equipment, books, and records.

This document outlines the requirements for house rules that must be adopted by sports betting permit holders in Virginia. The permit holders are required to submit comprehensive house rules to the director for approval along with their initial application for a permit. Amendments to the house rules also need to be submitted for approval. The house rules should cover various aspects including the calculation and payment of winning wagers, the effect of schedule changes, notifying players of odds or proposition changes, acceptance of wagers at terms other than those posted, contacting the permit holder for questions and complaints, description of prohibited individuals and others who may be restricted from placing a wager, permissible methods of funding a wager, and a description of all types of wagers that may be accepted.

This document outlines the requirements for sports betting platforms in the Commonwealth of Virginia. It states that all wagers on sporting events must be initiated, received, and made within Virginia, unless permitted by federal law. The document also requires permit holders to submit their equipment and software to an approved independent testing laboratory. The sports betting platform must include a comprehensive description and explanation, detailed operating procedures, and a risk management framework.

This document outlines the internal control standards that permit holders and their sports betting platform suppliers must develop and maintain. These standards should meet or exceed industry standards as approved by the director. The internal control standards for permit holders should address various aspects, including safeguarding assets and revenues, safeguarding player accounts, requirements for internal and independent audits, user access controls, segregation of duties, risk management procedures, procedures for identifying and reporting fraud and suspicious wagering activity, procedures for preventing sports betting by prohibited individuals, AML compliance standards, description of available wager types, description of integrated third-party hardware, software, or systems, a monitoring system to identify irregularities in volume or odds, and a maximum wager threshold for identifying unusual or suspicious wagering.

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’.

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.

The provided legal document content outlines the Enhanced Digital Asset Custody Framework within the Banking Division of the Department of Audit in Wyoming. It governs the provision of custodial services for digital assets by banks. The document specifies the requirements for banks to serve as qualified custodians and maintain customer digital assets, funds, and other securities. It allows banks to undertake various transactions with digital assets and defines the scope of custodial services.

These legal documents govern various aspects of special purpose depository institutions (SPDIs) in Wyoming. SPDIs are defined in Wyoming Statute 13-1-101(a)(xvi) and are subject to the rules of the Board and the Division, except for Chapter 4, 5 and 6. The rules apply to SPDIs in terms of capital and surplus requirements, operating expenses, recovery and resolution planning, supervision of controlling interests and affiliate relationships, receivership, anti-money laundering (AML) compliance, customer identification, sanctions compliance, investments and liquid assets, and operations and activities.

This document outlines the requirements for check cashers in Rhode Island. It covers various aspects related to security measures, liquid assets, cash sheets, log sheets, dishonored checks, currency and foreign transactions reporting, inventory and reconciliation, altered checks, money laundering, charges, and financial statements. Check cashers are required to comply with security measures such as installing alarm systems, camera surveillance systems, and bulletproof glass. They must also maintain liquid assets of at least $10,000, prepare daily cash sheets, maintain written logs of transactions, and keep registers of dishonored checks.

The West Virginia Lottery Interactive Wagering Rule is a legal document that provides regulations and definitions for interactive gaming activities in West Virginia. It applies to the West Virginia Lottery Commission, interactive gaming operators, management services providers, and other individuals involved in interactive gaming activities. The rule clarifies the purpose, authority, filing date, effective date, and sunset provision of the legislative rule. It defines various terms related to interactive gaming, such as account creation log, anti-money laundering, authentication process, game server, interactive gaming account, multi-factor authentication, and more.

This document outlines the requirements and conditions that Licensees and Registrants must maintain in order to keep their License or Registration. Failure to meet these requirements may result in the suspension or revocation of the License or Registration, as well as the imposition of fines. The document covers various aspects, including reserve requirements, insurance requirements, periodic audits, financial reporting and data requirements, bank account maintenance, payment of privilege tax, integrity monitoring, prohibition on wagers by and payouts to minors, prohibition on wagers by prohibited participants, participation in investigations, manner of advertising, marketing, and promotion, maintenance of a self-exclusion list, reporting requirements, house rules, internal controls, and geolocation system requirements.

These rules and regulations govern the minimum internal controls that must be implemented by Licensees offering Interactive Sports Gaming in the state of Tennessee. Licensees are required to obtain approval from the Tennessee Sports Wagering Council for their internal controls before commencing operations and whenever significant changes are made. The internal controls cover various aspects, including safeguarding assets and revenues, maintaining reliable records, safeguarding Sports Gaming Accounts, conducting internal and independent audits, implementing user access controls and segregation of duties, establishing risk management procedures, identifying and reporting fraud and suspicious wagering activity, preventing minors and prohibited participants from engaging in Interactive Sports Gaming, complying with anti-money laundering standards, describing available wagers, integrated third-party systems, hardware and software applications, data and information feeds and services, ensuring regulatory compliance, and implementing a monitoring system to identify irregularities and suspicious wagering activities.

This document, part of the Rules and Regulations of the State of Tennessee, specifically the Tennessee Sports Wagering Council’s Minimum Internal Controls Emergency rules effective from July 1, 2023, through December 28, 2023, outlines the requirements for licensees involved in interactive sports gaming to have integrity monitoring system procedures in place. These procedures should enable the identification and reporting of unusual and suspicious wagering activity. Licensees are required to submit reports of such activity to the Council and share information with other licensees through an Independent Integrity Monitoring Association.

(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.

(a) The Commissioner, or another state agency authorized by the Commissioner, may conduct an examination of a licensee or of any of its authorized delegates upon 10 days’ notice in a record to the licensee. (b) The Commissioner, or another state agency authorized by the Commissioner, may examine a licensee or its authorized delegate, at any time, without notice, if the Commissioner or such other agency has reason to believe that the licensee or authorized delegate is engaging in an unsafe or unsound practice or has violated or is violating any state or federal money laundering or criminal law.

A licensee and all authorized delegates shall file all reports required by federal currency reporting, record keeping, and suspicious transaction reporting requirements as set forth in 31 U.S.C. Section 5311, 31 C.F.R. Part 103, and other federal and state laws pertaining to money laundering. [ Source: Added at 24 Ok Reg 843, eff 5-11-07]

This document governs the regulation of payment processors in Texas. It applies to payment processors and consumer-facing entities. The document provides exemptions for payment processors acting as intermediaries between a consumer-facing entity and the consumer’s designated recipient, as well as payment processors receiving funds on behalf of a consumer-facing entity that sells goods or services other than money services or accepts charitable donations. No penalties are mentioned in the document.

This document, part of the Texas Administrative Code, specifically the section on Chartering, Operations, Mergers, and Liquidations of Credit Unions, outlines the requirements for credit unions to exercise due diligence in discovering, investigating, and reporting criminal activity that affects them. The credit unions are required to provide written notice to the Department within 30 calendar days for known or suspected criminal violations, including insider abuse involving any amount, other transactions aggregating $5,000 or more that may involve money laundering or violations of the Bank Secrecy Act, and losses resulting from robbery or burglary.

This document outlines the internal control procedures that Sports Betting Operations must adhere to before beginning sports betting activity. The procedures cover various aspects including the method of paying winning wagers in the event of a system failure, user access controls, segregation of duties, risk management procedures, fraud and suspicious conduct reporting, prevention of betting by prohibited participants, exclusion of patrons, anti-money laundering compliance standards, approval of wager types, accepting wagers and issuing payouts, reconciliation of assets, cashing winning tickets, acceptance of value game chips, issuance and acceptance of promotional funds and free bets, integration of third-party systems, identification and restriction of prohibited participants, closing out dormant accounts, making adjustments to patron accounts, geolocation verification for online betting, security of patron information, problem gambling program procedures, responsible gaming and self-exclusion program, secure issuance and modification of account passwords, patron notification methods, handling of patron complaints, location and security of sports betting servers, terms and conditions for sports betting, line setting and moving, redeeming lost tickets, identifying and canceling wagers, voiding wagers, change management process, and any other internal control deemed necessary by the Director or the Director’s designee.

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.

This document sets forth procedures for employees of agents conducting money transmission services for a licensed money transmitter to affirm their understanding of state and federal money laundering laws. The procedures include requiring employees to complete an Employee Notice or providing training on money laundering laws. Agents are required to maintain copies of the forms or records at the agent business location and make them available to law enforcement officers. The document also specifies exemptions for certain agents involved in specific activities.

This document outlines the requirements for the organization and internal controls of sports wagering certificate holders and sports wagering operator licensees in Pennsylvania. It specifies that these entities must have organization charts depicting segregation of functions and responsibilities, and descriptions of duties and responsibilities for each position. The organization charts must include a system of personnel and chain of command, segregation of incompatible functions, and performance of all functions in accordance with sound financial practices.

This document governs the implementation of risk management procedures for sports wagering certificate holders and sports wagering operators. It requires them to have risk management procedures in place, which can be provided in-house or by an independent third party. The internal controls of these certificate holders and operators must include a description of their risk management framework, including automated and manual risk management procedures, user access controls for sportsbook personnel, segregation of duties, fraud detection measures, controls ensuring regulatory compliance, anti-money laundering compliance standards, descriptions of software applications and integrated third-party systems used in the sports wagering system.

This document outlines the requirements for the organization and internal controls of sports wagering certificate holders or sports wagering operators. It states that the systems of internal controls must include organization charts depicting segregation of functions and responsibilities, as well as descriptions of the duties and responsibilities for each position. The organization charts must provide for a system of personnel and chain of command, segregation of incompatible functions, and the performance of all functions in accordance with sound financial practices.

This legal document governs the interests in licensees held by entities in the context of gaming control in Pennsylvania. It applies to entities that wish to possess direct or indirect ownership interests, rights, or control in slot machine or management company licensees, as well as licensed manufacturers, licensed suppliers, and licensed manufacturer designees. The document outlines the requirements for obtaining a principal license and the notification process for possessing ownership interests or rights.

This document pertains to the systems of internal controls required for interactive gaming certificate holders and interactive gaming operator licensees. It specifies that their organization charts must depict segregation of functions and responsibilities, and provide descriptions of duties and responsibilities for each position. The document allows flexibility in tailoring organizational structures to meet specific needs or policies. The organization charts must ensure a system of personnel and chain of command for accountability, segregation of incompatible functions to prevent errors and fraud, performance of functions in accordance with sound financial practices, and practical areas of responsibility.

This document outlines the requirements for the systems of internal controls of interactive gaming certificate holders and interactive gaming operators. It mandates the inclusion of organization charts depicting segregation of functions and responsibilities, as well as descriptions of duties and responsibilities for each position. The document allows flexibility in tailoring organizational structures to meet specific needs or policies. The internal controls must provide for a system of personnel and chain of command, segregation of incompatible functions, performance in accordance with sound financial practices, and practical areas of responsibility.

This document outlines the internal controls that sports wagering operators must adhere to before commencing sports wagering operations. The internal controls cover various aspects of the sports wagering system and online sports wagering systems. These include procedures for paying winning wagers in the event of system failures, user access controls, segregation of duties, risk management procedures, fraud and suspicious conduct reporting, prevention of wagering by prohibited participants, exclusion of patrons, anti-money laundering compliance standards, submission and approval of wager types, acceptance of multiple wagers from a single patron, revenue reporting for vendor-conducted sports wagering, reconciliation procedures, cashing winning tickets after closure, acceptance of value game chips, issuance and acceptance of promotional funds, integration of third-party systems, identification and restriction of prohibited participants, closure of dormant accounts, adjustments to patron accounts, W-2G issuance, geolocation verification for online wagering, security of patron information, withholding winnings for delinquent child support obligors, problem gambling program procedures, implementation of the statewide Internet self-restriction program, secure issuance and modification of account passwords, patron notification methods, handling of patron complaints, location and security of sports wagering servers, terms and conditions for sports wagering, line setting and moving processes, redemption of lost tickets, identification and cancellation of wagers in accordance with IC 4-38, deployment of changes and updates to the sports wagering system, and any other internal controls deemed necessary for ensuring the integrity of sports wagering.

This provision, found in the Administrative Rules of South Dakota under the section governing the operation of gaming establishments, outlines the requirements for integrity monitoring in such establishments. Licensees of gaming establishments are required to employ or retain personnel responsible for ensuring the operation and integrity of gaming, as well as reviewing reports of suspicious behavior. The licensee must promptly notify the South Dakota Commission on Gaming upon detecting or becoming aware of various situations, including cheating, theft, embezzlement, collusion, money laundering, illegal activities, misrepresentation of identity, criminal activity related to gaming, criminal or disciplinary proceedings against the licensee, or any wager that violates state or federal law.

This provision, found within the Administrative Rules of South Dakota, specifically within the section on Slot machine requirements for Deadwood gambling revenue, outlines the minimal internal controls that must be implemented to prevent unauthorized access or transactions in gaming establishments. The controls include securing hubs, services, and connection ports in a locked and monitored room, limiting access to critical cashless applications and associated databases, restricting the number of users with permission to adjust critical parameters, identifying and flagging suspect wagering accounts, establishing limits for maximum cashless activity or overall gaming activities, monitoring cashless devices for funds transfers between wagering accounts, and monitoring wagering accounts for suspicious activity.

This document outlines the internal control procedures that must be followed by licensees and sports wagering services providers in relation to sports wagering operations. The licensee or sports wagering services provider, or both, are required to submit a description of internal controls to the commission at least 30 days before commencing sports wagering operations. The internal controls must be approved by the executive secretary before the operations can commence. Any changes to the approved internal controls must be submitted to the commission at least 15 days before the changes become effective.

This provision, part of the Administrative Rules of South Dakota governing the requirements of sports wagering operations, pertains to licensees and sports wagering services providers. It mandates the employment or retention of personnel responsible for ensuring the operation and integrity of sports wagering and reviewing reports of suspicious behavior. The provision requires prompt notification to the commission upon detecting or becoming aware of various activities, including cheating, theft, embezzlement, collusion, money laundering, and other illegal activities by participants in sports wagering.

20 : 18 : 35 : 33 . Anti-money laundering monitoring . The licensee or sports wagering services provider shall develop and implement anti-money laundering procedures and policies that adequately address the risks posed by sports wagering for the potential of money laundering and terrorist financing. Additional requirements for anti-money laundering procedures and policies may be specified by the commission through internal control procedures . Source: 48 SDR 14, effective August 22, 2021 .

This legal document pertains to the internal control procedures audit for licensees and sports wagering services providers in South Dakota. Licensees are required to have their internal control procedures independently audited at least once every two years. The audit results must be documented in a written report, which should be maintained and made available to the Gaming Commission. The audit can be conducted by the commission or a commission-approved third-party auditor.

This provision, found in the Ohio Administrative Code under the Department of Commerce, Division of Financial Institutions: Credit Unions, requires all credit unions to report any crime or suspected crime that occurs at their office(s) using the Suspicious Activity Report (SAR) form provided by the Financial Crimes Enforcement Network (FinCEN). The report must be filed within thirty calendar days after the discovery of a suspicious activity. The credit unions must follow the instructions and reporting requirements accompanying the SAR.

This document outlines the requirements and procedures for the submission and approval of internet gaming platforms and internet games in Michigan. It applies to internet gaming platform providers, internet gaming operators, and internet gaming suppliers. The document specifies that internet gaming platform providers must submit their proposed platforms for evaluation by the Michigan Gaming Control Board or an approved independent lab. The submission must include a comprehensive description of the platform, operating procedures, system features, software details, and other relevant information.

This document sets forth the requirements for internet gaming operators and internet gaming platform providers regarding integrity monitoring and reporting. It mandates that these entities employ personnel responsible for ensuring the operation and integrity of internet gaming and reviewing reports of suspicious behavior. They are required to immediately notify the Michigan Gaming Control Board upon detecting or becoming aware of various activities, including cheating, theft, money laundering, and any conduct that corrupts the outcome of an internet game or internet wager.

This legal document outlines the requirements for internet gaming operators and internet gaming platform providers regarding internal control standards. Before commencing internet gaming, these entities must submit a detailed written system of internal control to the Michigan Gaming Control Board for review and approval. The written system of internal controls must address various items, including procedures for responding to platform failures, user access controls, segregation of duties, risk management procedures, fraud detection and reporting procedures, prevention of wagering by prohibited persons, exclusion of authorized participants, anti-money laundering compliance standards, approval process for internet games and wagers, procedures for accepting and voiding wagers, recording and reconciliation of transactions, issuance and acceptance of promotional funds, identification and restriction of prohibited persons, closure of dormant accounts, adjustments to wagering accounts, verification of participant’s physical location, security and sharing of personal identifiable information, responsible gaming measures, implementation of a responsible gaming database, secure methods for issuing and modifying account passwords, procedures for handling participant complaints, location and security of internet gaming servers, technical security standards, registration and termination of internet wagering accounts, logging in and authentication procedures, crediting and debiting of accounts, withdrawal procedures, protection of participant’s funds, gross receipts and winnings calculation and recording, security standards for internet gaming equipment, protection against hacking and tampering, prevention of cheating, procedures for emergencies, internal audit function policies, and credit policies.

This document outlines the submission and approval process for internet sports betting platforms in Michigan. Internet sports betting platform providers must submit their proposed platforms to the Michigan Gaming Control Board or an approved independent lab for evaluation. The submission must include a comprehensive description of the platform, operating procedures, test results, risk management framework, and other relevant information. All sports betting software used must be designed to allow validation using approved methods.

This legal document governs the integrity monitoring and reporting of unusual and suspicious wagering activity in internet sports betting in Michigan. It applies to sports betting operators, internet sports betting platform providers, independent integrity monitoring providers, the Michigan Gaming Control Board, sports governing bodies, and regulatory agencies. The document requires sports betting operators and internet sports betting platform providers to have internal controls in place to identify unusual wagering activity and promptly report it to an independent integrity monitoring provider.

This document outlines the requirements for internal control standards for internet sports betting operations. Before commencing operations, sports betting operators and internet sports betting platform providers must submit a written system of internal control for review and approval by the Michigan Gaming Control Board. The written system of internal controls must include detailed procedures for various aspects, such as responding to platform failures, user access controls, segregation of duties, risk management procedures, fraud detection and reporting, prevention of wagering by prohibited persons, exclusion of authorized participants, anti-money laundering compliance, event categories and wager types approval process, accepting wagers and issuing payouts, voiding or cancelling wagers, recording and reconciliation of transactions, issuance and acceptance of promotional funds, integration of third-party platforms, closing out dormant accounts, making adjustments to accounts, verifying physical location of participants, security and sharing of personal identifiable information, responsible gaming measures, implementing the responsible gaming database, securely managing account passwords and security features, handling authorized participant complaints, securing sports betting servers, line setting and moving process, technical security standards, registration and termination of internet sports betting accounts, logging in and off procedures, crediting and debiting of accounts, withdrawing funds, protecting participant’s funds, calculating and recording receipts and winnings, handling sports betting equipment, responding to hacking or tampering incidents, preventing cheating, and emergency procedures.

This section of the Rules and Regulations of the State of Georgia provides definitions for terms used in Chapters 80-12-1 to 80-12-12, which pertain to Merchant Acquirer Limited Purpose Banks (MALPBs). The definitions in this section apply to entities and individuals involved in merchant acquiring activities within the state of Georgia. The definitions cover various terms such as ‘Act’, ‘Affiliate’, ‘Annual Attestation Report’, ‘Capital Letter of Credit’, ‘Chargeback’, ‘Executive Officer’, ‘Financial Crime’, ‘Leverage Capital Ratio’, ‘MALPB’, ‘Payment Card’, and many others.

This legal document outlines the compliance requirements for Merchant Acquirer Limited Purpose Banks (MALPBs). MALPBs are required to comply with the Unlawful Internet Gambling Enforcement Act of 2006 and its related rules and regulations. Additionally, they must adhere to all international, federal, and state laws, rules, and regulations applicable to them. For certain laws, MALPBs are considered ‘financial institutions’ and must comply with information security requirements, customer identification standards, suspicious transaction reporting, and anti-money laundering requirements.

These regulations govern the operations of video lottery and table games in the State of Delaware. The Delaware State Lottery Office strictly regulates these operations to ensure public trust, integrity of gaming operations, and collection of required tax revenue. The regulations establish Minimum Internal Control Standards (MICS) that prescribe procedures for effective control over the internal fiscal affairs of an agent. The MICS cover various aspects, including accounting methods, organizational structure, revenue and expense reporting, cash handling, security, surveillance, authorized games, shutdown procedures, information technology controls, and compliance with the Bank Secrecy Act.

These regulations govern the operation of internet lottery games in the State of Delaware. The Delaware State Lottery Office is responsible for regulating and overseeing internet lottery operations. The regulations define various terms and provide rules for conducting internet lottery games, including internet ticket games, internet video lottery, and internet table games. The regulations also establish minimum internal control standards to ensure the integrity of gaming operations and the collection of tax revenue.

This legal document outlines the requirements for operating fantasy sports contests in the State. Responsible parties must have a written internal control system approved by the Department of Gaming. The internal control system should ensure the safeguarding of assets, accurate financial records, proper authorization for transactions, appropriate segregation of duties, and compliance with sound practices. The document specifies various procedures that should be included in the internal control system, such as verifying geolocation services, monitoring security incidents, mitigating risk of fraud and money laundering, and handling player disputes.

A licensee and an authorized delegate shall file all reports required by federal currency reporting, recordkeeping, and suspicious activity reporting requirements as set forth in 31 U.S.C. 5311 5330, and 31 C.F.R. 103.11 103.170. 2003 Acts, ch 96, 21, 42

This legal document pertains to the interception of wire, oral, or electronic communications in the state of Iowa. The attorney general is authorized to prepare and submit applications for court orders authorizing such interceptions. The court may grant an order authorizing the interception of communications by special state agents responsible for investigating certain offenses. The interception may provide or has provided evidence of various felony offenses, including dealing in controlled substances, forcible felonies, ongoing criminal conduct, money laundering, felony fugitive warrants, and human trafficking.

This section of the Texas Statutes, under the Finance Code, pertains to the rules for the administration and enforcement of the chapter on regulation of money services businesses. The commission is granted the authority to adopt rules necessary to implement and clarify this chapter, preserve and protect the safety and soundness of money services businesses, protect the interests of purchasers of money services and the public, and protect against financial crimes such as drug trafficking, terrorist funding, money laundering, structuring, or related offenses.

This section of the Texas Statutes, specifically the Finance Code, falls under the regulation of money services businesses. It pertains to the preparation, maintenance, and preservation of records by license holders and authorized delegates. The required records include a record of each money transmission transaction or currency exchange transaction, a general ledger, bank statements and reconciliation records, records and reports required by applicable state and federal law, and any other records reasonably requested by the commissioner.

This document outlines the procedures and policies that gaming licensees must follow regarding the acceptance of checks, cash equivalents, wire transfers, and credit/debit cards, as well as the issuance of counter checks. The document specifies the specific forms of deposits that will be accepted, including cash, chips, plaques, slot tokens, jackpots, tournament winnings, casino checks, personal checks, certified checks, traveler’s checks, wire transfers, electronic fund transfers, money orders, and other cash equivalents.

This legal document pertains to the filing and maintenance of reports required by federal and state laws governing money laundering. It applies to licensees and their agents. The document requires licensees and their agents to file all reports required by federal currency reporting, recordkeeping, and suspicious transaction reporting requirements as set forth in the Bank Secrecy Act and other federal and state laws pertaining to money laundering for every transaction in the state of Kentucky.

This document provides definitions for various terms used in the Louisiana Gaming Control Law and the Louisiana Sports Wagering Act. It incorporates the definitions from the Act and applies them to these regulations, unless specifically redefined in a particular section. The document defines terms such as ‘applicant’, ‘application’, ‘associated persons’, ‘board’, ‘business year’, ‘canceled wager’, ‘chairman’, ‘collegiate sport or athletic event’, ‘confidential information’, ‘division’, ’economic interest’, ‘financial statements or financial records’, ‘gaming employee’, ‘gaming employee permit’, ‘gaming equipment’, ‘gaming supplier’, ‘gaming supplier permit’, ‘gaming supplies’, ‘geofence or geofencing’, ‘geolocation’, ‘in-game wagering’, ‘in-play bet or live bet’, ‘inactive account’, ‘independent integrity monitoring provider’, ‘key gaming employee’, ’layoff bet’, ’non-gaming supplier or supplier of goods or services other than gaming devices or gaming equipment’, ’non-gaming supplier permit’, ’non-key gaming employee’, ’non-key gaming employee permit’, ‘parlay bet’, ‘prohibited parish’, ‘prohibited player’, ‘prohibited sports event’, ‘promotional play’, ‘proposition bet’, ‘segregated account’, ‘sports governing body’, ‘sports wagering lounge or sports book lounge’, ‘sports wagering ticket or ticket’, ‘spread’, ‘straight bet’, ‘suspicious wagering activity’, ‘unusual wagering activity’, ‘voided wager’, and ‘voucher’.

This document governs the requirements and restrictions for sports wagering operators in Louisiana. It applies to licensees and operators conducting sports wagering authorized by the Act. The document emphasizes compliance with the Act, regulations, and internal controls. It prohibits accepting sports wagers from prohibited players and restricts gaming activities by employees. Licensees and operators are required to submit their internal controls for approval and implement comprehensive rules for sports wagering transactions.

This document, part of the Louisiana Administrative Code, pertains to the regulation of sports wagering platforms in Louisiana. It outlines the duties and responsibilities of operators and licensees of these platforms. The document requires sports wagering platforms to identify the operator and licensee, provide terms and conditions and a privacy policy to players, comply with applicable laws and regulations, establish procedures for secure account management, offer player access to account details and play history, prevent tampering with sports wagering equipment, establish procedures for handling player complaints, and ensure player participation is terminated after inactivity timeout.

This document governs the requirements and restrictions for sports wagering operators in Louisiana. It applies to sports wagering operators who are authorized by the Act. The operators are required to conduct sports wagering only as expressly authorized by the Act, these rules, or their internal controls. They must comply with all provisions of the Act, these rules, and their internal controls regarding child support arrearages. The operators are prohibited from accepting sports wagers from prohibited players.

This document outlines the duties and responsibilities of operators of sports wagering platforms. The operator is required to identify themselves and provide a set of terms and conditions as well as a privacy policy to the players. The privacy policy should specify the information collected, the purpose of collection, and the conditions for disclosure. Player information should be kept confidential, except when required by law or requested by the corporation. The operator must ensure compliance with the Act, rules, and corporation requirements, as well as adhere to AML standards and federal/state laws.

A licensee shall comply with all federal and State laws and regulations concerning the business of money transmission, money laundering, and abandoned property.

This legal document pertains to the supervision of sports wagering in the state of New Hampshire. It establishes the division of sports wagering, which is responsible for ensuring compliance with the requirements outlined in this chapter and any rules set by the commission. The division, under the direction of the director and commission, is tasked with ensuring that agents and vendors engaged in sports wagering comply with various obligations. These obligations include submitting security and internal control reports, providing detailed computer system security reports, submitting house rules, implementing accounting controls, and maintaining a cash reserve.

This legal document governs the reporting requirements for state banks and credit unions in New Hampshire. It mandates that each state bank or credit union must balance its books at the close of business on the last business day in December and file an annual report within 30 calendar days thereafter. The annual report must include information such as the institution’s contact information, names of directors, executive officers, subsidiaries, service entities, affiliated holding companies, fidelity bond or errors and omissions liability policy details, liquidation pledge information, surety bond details, and other funds maintained for the benefit of the commissioner.

Licensees shall implement a system of education, training, monitoring, and periodic inspection designed to inform their authorized delegates of their responsibilities, consistent with the Bank Secrecy Act and the requirements to file reports required by federal law. Licensees whose authorized delegates are not required to register independently with FinCEN shall ensure that such authorized delegates have adequate written policies and procedures in place to implement effective Bank Secrecy Act and anti-money laundering programs.

I. Licensees shall create, implement, and file with the commissioner written plans for compliance with federal laws, including but not limited to the Bank Secrecy Act of 1970 as amended, and regulations, 31 U.S.C. section 5313, 31 C.F.R. part 1010, and other federal and state laws pertaining to currency reporting, recordkeeping, suspicious activity reporting, and money laundering with regards to money transmission transactions in this state. II. The timely filing with the appropriate federal agency of a complete and accurate report required by paragraph I complies with the requirements of this section, unless the commissioner notifies the licensee that reports of this type are not being regularly and comprehensively transmitted by the federal agency to the commissioner.

The provided legal document content pertains to the Alabama Monetary Transmission Act. It outlines the reporting requirements for licensees under various circumstances. Licensees are required to file a report to the commission within 15 business days of any material change in information provided in their application. Additionally, licensees must file a report within five business days after becoming aware of certain events, such as bankruptcy filings, receivership, license revocation or suspension, cancellation of bond or security, felony charges or convictions of the licensee or authorized delegate, and involvement in material civil litigation or class action.

This legal document prohibits banking institutions from refusing to open a deposit account solely based on the geographic location of the depositor’s residence or place of business. However, banking institutions are allowed to require proof of residence or place of business within the same county or city to comply with anti-money laundering or fraud prevention laws. The document defines ‘banking institution’ as any bank, trust company, savings bank, savings and loan association, or branch of a foreign banking corporation insured by the federal deposit insurance corporation.

This legal document pertains to the reporting requirements for money laundering applicable to money services licensees and authorized delegates. It mandates that these entities must file all reports required by federal currency reporting, record keeping, and suspicious transaction reporting requirements as set out in 31 U.S.C. 5311 and other federal and state laws related to money laundering. The timely filing of a complete and accurate report with the appropriate federal agency is considered compliance, unless the department is notified that reports of this type are not being regularly and comprehensively transmitted to the attorney general.

This legal document outlines the requirements for submitting a license application under the Money Transmitters Act in North Carolina. The application must be filed through the NMLS in a form acceptable to the Commissioner. It should include the applicant’s legal name, contact information, form and place of organization, certificates of good standing and authority, active money service business registration, organizational structure, business plan, policies and procedures, internal business controls, history of civil litigation and criminal convictions, information about controlling persons and key management personnel, sample payment instrument, proposed authorized delegates (if applicable), clearing bank information, audited financial statements, and filings with regulatory authorities.

This legal document outlines the requirements for license application for money transmitters in the state of North Carolina. The application must be filed through the NMLS (Nationwide Multistate Licensing System) in a form acceptable to the Commissioner. The application should include various information such as the applicant’s legal name, contact information, form and place of organization, certificates of good standing and authority, money service business registration, organizational structure, business plan, policies and procedures, internal business controls, litigation and criminal history, information about controlling persons and key management personnel, sample payment instrument, authorized delegate information, clearing bank details, and audited financial statements.

This section of the Michigan Compiled Laws governs the duties of internet gaming operators. It requires internet gaming operators to provide mechanisms on their internet gaming platforms to verify that authorized participants are 21 years of age or older and that internet wagering is limited to participants located in Michigan or other authorized jurisdictions. Individuals wishing to place internet wagers must satisfy the age verification requirements before establishing an internet wagering account or making an internet wager.

This legal document, known as the Lawful Sports Betting Act, governs age verification requirements and unauthorized use and fraud prevention in the context of sports betting operators. It applies to sports betting operators and sports betting suppliers providing an internet sports betting platform. The document requires sports betting operators to implement mechanisms on their internet sports betting platform to verify that participants are 21 years of age or older and that internet sports betting transactions are limited to authorized participants located in the state or other authorized jurisdictions.

This legal document pertains to family trust companies and their requirement to file an annual registration report. The report must include a statement verifying compliance with relevant provisions and federal laws, the name and address of the company’s designated relative and principal place of business, and any other information required by the secretary. Foreign family trust companies must also provide additional information such as their principal place of operations, registered agent’s address, and documentation showing compliance with laws and regulations of their jurisdiction.

This legal document, as part of the Ohio Revised Code, specifically pertains to Transmitters of Money and Check-cashing Businesses. It provides definitions for various terms used in sections 1315.51 to 1315.55 of the Revised Code. The document defines terms such as ‘conduct the business,’ ‘corrupt activity,’ ‘knowingly,’ ‘material,’ ‘money,’ ‘money transmitter,’ ‘payment instrument,’ ‘proceeds,’ ‘property,’ ‘purposely,’ ‘structure a transaction,’ ’transaction,’ ’transmitting money,’ and ’travelers check.’ It also defines ‘unlawful activity’ as an act that is a criminal offense in the state where it is committed.

(A) Whoever violates division (A) or (B) of section 1315.28 or division (E)(2) of section 1315.53 of the Revised Code is guilty of a misdemeanor of the first degree. (B) Whoever violates division (F)(1) of section 1315.53 or division (B) of section 1315.54 of the Revised Code is guilty of a felony of the fourth degree. (C) Whoever violates division (A) of section 1315.55 of the Revised Code is guilty of money laundering.

This legal document governs the maintenance of records for licensees in the money transmission industry. Licensees are required to make, keep, and preserve various books, accounts, and records for a period of three years. These include records of payment instruments sold, a general ledger, settlement sheets, bank statements, records of outstanding payment instruments, records of paid payment instruments, a list of authorized representatives, and reports required by federal currency reporting and money laundering laws.

This legal document outlines the provisions and requirements for controllable electronic record custody by financial institutions authorized to provide digital asset services. The document specifies that a financial institution may serve as a qualified custodian and must comply with all applicable state and federal laws and rules for custodial services. The financial institution is required to implement accounting, internal control, and other standards, maintain information technology best practices, and comply with federal anti-money laundering and customer identification requirements.

This provision outlines the duties of the supervisory committee in credit unions. The supervisory committee is responsible for verifying internal controls, overseeing inspections of securities and accounts, reviewing credit union operations and financial condition, and ensuring compliance with laws and regulations. They also review the actions of the board of directors, officers, and committees to ensure firm control and understanding of their roles. Additionally, the supervisory committee assesses the effects of new policies and changes to procedures on the safety of members’ funds and monitors compliance programs related to the Bank Secrecy Act and the Money Laundering Control Act.

This document provides definitions for various terms related to sports wagering in Louisiana. It applies to persons, businesses, or legal entities involved in sports wagering in the state. The document defines terms such as ‘Anti-money laundering standards’, ‘Applicant’, ‘Board’, ‘Licensee’, ‘Mobile application’, ‘Sports book’, ‘Sports event’, ‘Sports wager’, ‘Sports wagering’, and more. It also clarifies that the document does not apply to high school sports, youth events, international sports events where the majority of participants are under 18 years old, fantasy sports contests, and any event prohibited by law.

This legal document pertains to the regulation of sports wagering in Louisiana. The Louisiana Gaming Control Board is responsible for performing the duties and functions authorized by this Chapter. The board has the authority, control, and jurisdiction over the regulation of sports wagering. The board is required to develop qualifications, standards, processes, and procedures for the issuance and renewal of licenses to operate a sports book. They also establish qualifications, standards, and processes for permitting sports wagering platform providers, manufacturers, suppliers, and personnel.

This legal document governs the conduct of sports wagering in Louisiana. It applies to operators who conduct sports wagering either in person, through a sports wagering mechanism located on their premises, or via a website or mobile application. The document outlines the requirements for housing a retail sports book in a sports wagering lounge, including age restrictions, square footage, design, equipment, and security measures. Operators are required to establish and display the odds for placing wagers on sports events and must adopt comprehensive rules approved by the board governing sports wagering transactions.

This legal document governs sports wagering in Louisiana under the Louisiana Lottery Corporation Law. To place a sports wager with an operator, the corporation confirms that the player meets certain requirements. These requirements include being twenty-one years of age or older, being physically located in a parish that has approved sports wagering, having a sports wagering account with the operator (for online or mobile wagers), and not being prohibited from wagering with the corporation.

This legal document, under the Mississippi Money Transmitters Act, governs the requirements for licensees in relation to reporting the total amount of outstanding money transmissions in Mississippi on a monthly or quarterly basis, filing an annual financial statement audited by an independent certified public accountant or an independent registered accountant, and maintaining certain books and records for a period of five years. The document also grants the commissioner the authority to conduct annual examinations or audits of the licensee’s books and records, with the refusal of access leading to license revocation.

Each licensee shall comply with state and federal money laundering laws, including, but not limited to, the federal Bank Secrecy Act, 12 USC Section 1951 et seq. HISTORY: Laws, 2010, ch. 448, 17, eff from and after July 1, 2010. Editors Notes The Bank Secrecy Act, referred to in this section, now appears at 31 USCS 5311 et seq.

This legal document governs the records, reporting, and information related to banks and trust companies. The records of the division can only be revealed to members of the banking board, except in certain circumstances. Applicants for bank charter have access to specific information related to the application process. The commissioner is allowed to exchange information with various entities, including regulatory departments of other states, federal agencies, and other state or United States territorial regulatory agencies.

This legal document governs the confidentiality of information acquired by the banking board, the commissioner, and their designees in the discharge of their duties. It applies to the banking board, the commissioner, their designees, the executive director of the department of regulatory agencies, the division of financial services, and banking or financial institution regulatory agencies of other states or United States territories. The document prohibits the divulgence of acquired information, except as necessary or authorized by law.

Each licensee shall comply with state and federal money laundering laws, including, but not limited to, the federal ‘Bank Secrecy Act’, 12 U.S.C. sec. 1951 et seq. Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 584, 2, effective August 9. Editor’s note: This section is similar to former 12-52-110.5 as it existed prior to 2017.

This legal document pertains to the creation of a notice form containing information about money laundering laws in the state of Colorado. The banking board is responsible for promulgating rules to create this form. Agents of businesses licensed for money transmission services are required to ensure that each employee who performs money transmission services either understands and signs the form affirming knowledge of the money laundering laws or receives training that covers the money laundering laws within thirty days before performing the services.

(a) A licensee and an authorized delegate shall file with the Commissioner copies of all reports required by federal currency reporting, record keeping, and suspicious transaction reporting requirements as set forth in 31 U.S.C. 5311, 31 C.F.R. Part 103, and other federal and State laws pertaining to money laundering. (b) The timely filing of a complete and accurate report required under subsection (a) of this section with the appropriate federal agency is compliance with the requirements of subsection (a) of this section, unless the Commissioner notifies the licensee that reports of this type are not being regularly and comprehensively transmitted by the federal agency to the Commissioner.

The South Carolina Anti-Money Laundering Act governs financial transactions involving the proceeds of unlawful activity. It applies to any person who conducts or attempts to conduct such a financial transaction with the intent to promote unlawful activity or to conceal the nature, location, sources, ownership, or control of the proceeds. The penalties for violation of this section vary based on the value of the transactions, ranging from Class F felony to Class C felony.

Every licensee and its authorized delegates shall file all reports required by federal currency reporting, recordkeeping, and suspicious transaction reporting requirements with the appropriate federal agency as set forth in 31 U.S.C. Sec. 5311, 31 C.F.R. Part 1022, and other federal and state laws pertaining to money laundering. Every licensee and its authorized delegates shall maintain copies of these reports in its records in compliance with RCW 19.230.170. [ 2017 c 30 14; 2010 c 73 8; 2003 c 287 20.

This legal document authorizes federally recognized Indian tribes in the state of Washington to conduct and operate sports wagering on their Indian lands. The authorization is subject to the amendment of the tribe’s class III gaming compact, which must address various aspects such as licensing, fees, regulation, criminal enforcement, and responsible gambling. Sports wagering conducted under the gaming compact is considered a gambling activity authorized by the relevant chapter. The document also clarifies that sports wagering conducted under a class III gaming compact is authorized bookmaking and is not subject to civil or criminal penalties as per RCW 9.

This document, part of the Florida Statutes, regulates money services businesses in the state. It applies to persons located in or doing business in Florida who act as payment instrument sellers, foreign currency exchangers, check cashers, or money transmitters. The document provides definitions for various terms related to money services businesses, such as affiliated party, appropriate regulator, authorized vendor, branch office, cashing, check casher, compliance officer, conductor, control person, corporate payment instrument, currency, deferred presentment provider, department, electronic instrument, financial audit report, foreign affiliate, foreign currency exchanger, fraudulent identification paraphernalia, licensee, location, monetary value, money services business, money transmitter, net worth, office, outstanding money transmission, outstanding payment instrument, payment instrument, payment instrument seller, person, personal identification information, publicly traded, sells, stored value, virtual currency.

(1) A licensee and authorized vendor must comply with all state and federal laws and rules relating to the detection and prevention of money laundering, including, as applicable, s. 560.123, and 31 C.F.R. ss. 1010.306, 1010.311, 1010.312, 1010.313, 1010.340, 1010.410, 1010.415, 1022.320, 1022.380, and 1022.410. (2) A licensee and authorized vendor must maintain an anti-money laundering program in accordance with 31 C.F.R. s. 1022.210. The program must be reviewed and updated as necessary to ensure that the program continues to be effective in detecting and deterring money laundering activities.

To qualify for licensure as a money services business under this chapter, an applicant must: (1) Demonstrate to the office the character and general fitness necessary to command the confidence of the public and warrant the belief that the money services business or deferred presentment provider shall be operated lawfully and fairly. (2) Be legally authorized to do business in this state. (3) Be registered as a money services business with the Financial Crimes Enforcement Network as required by 31 C.

This legal document outlines the requirements for applying for a license as a money services business under the Florida Statutes. The applicant must submit an application form with various information, including their legal name, address, formation details, control person details, organizational structure, history of operations, and other specified information. The applicant must also pay a nonrefundable application fee and provide fingerprints for each person listed in the application. However, publicly traded corporations and those exempted under s.

This legal document outlines the record retention requirements for licensees under the Money Services Businesses section of the Florida Statutes. In addition to the record retention requirements under s. 560.1105, licensees are required to maintain various books, accounts, records, and documents for a period of 5 years. These include a daily record of payment instruments sold and transmitted currency, a general ledger, daily settlement records from authorized vendors, monthly financial institution statements and reconciliation records, records of outstanding payment instruments and transmitted currency, records of each payment instrument paid and transmitted currency, a list of authorized vendors, records documenting relationships with authorized vendors and foreign affiliates, and any additional records prescribed by rule to detect and prevent money laundering or related to virtual currency.

The Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act requires financial institutions to submit certain reports and maintain records of customers, accounts, and transactions involving currency or monetary instruments or suspicious activities. The purpose of this act is to prevent financial institutions from being used to conceal, move, or provide proceeds obtained from criminal or terrorist activities. The act defines various terms such as BSA/AML compliance officer, currency, financial institution, financial transaction, monetary instruments, report, specified unlawful activity, and suspicious activity.

This section of the Florida Statutes governs financial institutions chartered in the state of Florida and their transactions relating to Iran or terrorism. It requires financial institutions to establish due diligence policies, procedures, and controls to detect whether foreign financial institutions they have correspondent accounts or payable-through accounts with engage in certain activities. These activities include facilitating Iran’s acquisition or development of weapons of mass destruction, providing support for designated foreign terrorist organizations, and engaging in money laundering.

This document governs the prohibited acts and practices related to currency transmission. It applies to persons required to be licensed under this chapter. The document prohibits various actions, including failure to remit money received for transmission, failure to notify the director of dishonored transactions, engaging in currency transmission under unauthorized names, non-compliance with the Bank Secrecy Act and Electronic Fund Transfer Act, failure to safeguard identifying information, failure to comply with state and federal laws and regulations, using false or deceptive advertising, and engaging in unfair, deceptive, or fraudulent practices.

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.

This legal document, found in the Arizona Revised Statutes, pertains to the Department of Gaming and its powers and duties regarding event wagering. The department is responsible for enforcing and supervising compliance with laws and rules related to event wagering in the state. It has the authority to adopt rules, evaluate applicants for licenses, conduct background checks, and monitor event wagering operations. The department is also tasked with overseeing event wagering facilities, establishing standards and procedures, and ensuring the proper use of player accounts and prevention of fraud.

This legal document, part of the Arizona Revised Statutes governing event wagering, outlines various requirements and regulations for licensees in the industry. The document covers several aspects, including the establishment of a bond in escrow and the amount of cash that must be kept on hand to ensure adequate reserves for payouts. It also specifies insurance requirements for licensees and sets minimum requirements for effective control over internal fiscal affairs, such as safeguarding assets, maintaining reliable records, and implementing risk management practices.

A licensee and an authorized delegate shall file all reports required by federal currency reporting, recordkeeping and suspicious activity reporting requirements as set forth in the bank secrecy act (P.L.91-508; 84 Stat. 1114) and other federal and state laws relating to money laundering. The timely filing of a complete and accurate report required under this section with the appropriate federal agency is deemed compliance with the requirements of this section.

The Transmitters of Money Act, as defined in the Illinois Compiled Statutes, governs the business activities of money transmitters in the state of Illinois. It applies to persons located in or doing business in Illinois who engage in the business of selling or issuing payment instruments, receiving money for transmission or transmitting money, or exchanging money of the United States Government or a foreign government to or from money of another government.

This section of the Illinois Compiled Statutes, specifically the Transmitters of Money Act, outlines the requirements for obtaining a license as a money transmitter in the state of Illinois. The application for a license must be in writing, under oath, and contain various information and accompanying documents, including the applicant’s name and address, business organization details, financial statements, filings with regulatory entities, list of other licensed states, sample contracts and payment instruments, clearing bank information, surety bond, applicable fees, consent to service of process, compliance with money laundering regulations, and any additional information requested by the Director.

This legal document pertains to special purpose depository institutions organized as corporations under the Wyoming Business Corporation Act. These institutions have the authority to make contracts, sue and be sued, buy and sell gold and silver coins and bullion, carry on a nonlending banking business for depositors, provide payment services, apply to become a member bank of the federal reserve system, engage in incidental activities with prior approval, exercise powers authorized by law, and maintain their headquarters in Wyoming.

This legal document sets forth the requirements for depositors and the nature of business for special purpose depository institutions. Depositors must meet certain criteria, including being a legal entity other than a natural person, being in good standing with the jurisdiction of incorporation or organization, maintaining deposits of at least $5,000 with the institution, and being engaged in a lawful, bona fide business. Depositors must also provide sufficient evidence to comply with anti-money laundering, customer identification, and beneficial ownership requirements.

A special purpose depository institution shall comply with all applicable federal laws, including those relating to anti-money laundering, customer identification and beneficial ownership.

This legal document, formerly known as Section 36-193u, governs the merger and consolidation of Connecticut banks. It allows any two or more Connecticut banks to merge or consolidate into a single Connecticut bank with the approval of the commissioner. The resulting bank can operate as a bank and trust company, or a capital stock or mutual savings bank or savings and loan association. The document outlines the requirements for the merger or consolidation agreement, including the proposed certificate of incorporation, details of the resulting bank, and the conversion of shares.

This legal document governs the conversions of a mutual institution into another mutual institution. It applies to mutual savings banks, federal mutual savings banks, mutual savings and loan associations, and federal mutual savings and loan associations. However, it does not apply to the conversion of a mutual federal bank into another mutual federal bank. The document outlines the requirements for such conversions, including the filing of a proposed plan of conversion, approval by the governing board and depositors/members, and compliance with federal law for conversions involving federal institutions.

This legal document, formerly known as Section 36-142m, governs the conversion of mutual institutions to capital stock banks in the state of Connecticut. It applies to mutual savings banks, mutual savings and loan associations, federal mutual savings banks, and federal mutual savings and loan associations. However, it does not apply to the conversion of a mutual federal bank to a capital stock federal bank. The document outlines the requirements and procedures for conversion, including the filing of a proposed plan of conversion, approval by the governing board and depositors/members, and the establishment of a liquidation account for account holders.

This legal document governs the conversion of a capital stock bank into another capital stock bank. It applies to capital stock Connecticut banks and capital stock federal banks. The document outlines the requirements for approval by the commissioner, the filing of a proposed plan of conversion, and the approval process by the governing board and shareholders. It also mentions the entitlement of shareholders to assert appraisal rights and obtain payment of the fair value of their shares.

This legal document governs the conversion of a capital stock bank into a mutual bank. It applies to capital stock banks and provides the process and requirements for such conversions. However, it does not apply to the conversion of a capital stock federal bank into a mutual federal bank. The document states that the commissioner must approve the conversion if certain conditions are met, including compliance with applicable laws, serving public necessity and convenience, and having adequate equity capital.

This legal document, formerly known as Section 36-425, pertains to public hearings and the disapproval of plans in relation to the acquisition of banks, holding companies, and other entities. The document outlines the criteria for disapproval, including the inability of the bank to meet the requirements for banking operations, potential financial instability caused by the acquiring person, unfair terms in tender or exchange offers, unfair or prejudicial plans or proposals, concerns regarding the acquiring person’s competence, experience, and integrity, and adverse effects on the public interest.

This legal document, formerly known as Section 36-30, governs the transfer of assets for Connecticut banks. It states that a Connecticut bank may transfer all or a significant part of its assets or business to another bank with the approval of the commissioner. The transferring bank must have been in existence and continuously operating for at least five years, unless waived by the commissioner. The commissioner shall not approve the transfer if the acquiring bank would control thirty percent or more of the total amount of deposits of insured depository institutions in the state, unless permitted by the commissioner.

This section of the General Statutes of Connecticut, specifically within The Banking Law of Connecticut, governs the process of mergers involving credit unions in Connecticut. It outlines the requirements and procedures for Connecticut credit unions to merge with other Connecticut credit unions, federal credit unions, or out-of-state credit unions. The approval of the commissioner is necessary for such mergers. The document specifies the necessary steps for credit unions proposing to merge, including the adoption of a plan of merger, entering into a merger agreement, filing an application with the commissioner, and providing financial statements.

This legal document governs the process of converting a Connecticut credit union into a federal credit union. It applies to Connecticut credit unions that have been in existence and continuously operating for at least five years. The document outlines the requirements for conversion, including the filing of an application with the commissioner, adoption of a plan of conversion by the governing board, and compliance with applicable federal laws. It also specifies the voting process for members of the converting credit union and the approval criteria set by the commissioner.

This legal document outlines the process for converting a federal or out-of-state credit union into a Connecticut credit union. The conversion requires compliance with federal or chartering state requirements, filing proof of compliance with the commissioner, and submitting an application with various documents. The commissioner will review the application and determine if the conversion serves the economic needs of the proposed field of membership, if the converting credit union has the managerial capacity and financial resources, if it has adequate net worth, and if its anti-money-laundering programs and compliance are adequate.

This legal document outlines the process for converting a Connecticut or federal credit union into a mutual savings bank, mutual savings and loan association, or mutual community bank. The conversion must comply with the provisions outlined in this document. For a federal credit union, the conversion must also be permitted by federal law and meet all federal requirements. The converting credit union is required to submit a proposed plan of conversion, including financial reports, a business plan, and a three-year financial forecast.