 |
Washington Administrative Code (Last Updated: November 23, 2016) |
 |
Title 208. Financial Institutions, Department of (See Titles 50, 419, and 460) |
|
Chapter 208-630. Regulation of check cashers and sellers and small loans (payday lenders). |
Section 208-630-730. What records and actions does a licensee need to take to assure the licensee is correctly reporting under the Bank Secrecy Act?
Latest version.
- Each licensee shall maintain detailed records to satisfy currency transaction reporting and suspicious activity reporting requirements of the United States Treasury Department.Each licensee shall implement an antimoney laundering program that includes the development of internal policies, procedures and controls, training of employees, the appointment of a compliance officer, and the appointment of an external reviewer of the antimoney laundering program if required by 31 U.S.C. Section 5318(h).[Statutory Authority: RCW 31.04.165, 43.320.040, 31.45.030, 31.45.050, 31.45.200. WSR 05-22-009, § 208-630-730, filed 10/21/05, effective 11/21/05.]
RCW 31.04.165, 43.320.040, 31.45.030, 31.45.050, 31.45.200. WSR 05-22-009, § 208-630-730, filed 10/21/05, effective 11/21/05.