560.1235 Anti-money laundering requirements. - Florida Statutes

560.1235 Anti-money laundering requirements.

   (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. 103.20, 103.22, 103.23, 103.27, 103.28, 103.29, 103.33, 103.37, and 103.41.

   (2) A licensee and authorized vendor must maintain an anti-money laundering program in accordance with 31 C.F.R. s. 103.125. 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.

   (3) A licensee must comply with United States Treasury Interpretive Release 2004-1.

History. s. 18, ch. 2008-177.