Washington Administrative Code (Last Updated: November 23, 2016) |
Title 208. Financial Institutions, Department of (See Titles 50, 419, and 460) |
Chapter 208-690. Regulation of money services providers. |
Section 208-690-014. How does the department interpret the definitions in RCW 19.230.010?
Latest version.
- (1) "Currency exchange." For purposes of RCW 19.230.010 (8)(b), "investment" means an investment that is not money of a government.(2) "Responsible individual." The responsible individual must:(a) Be a citizen of the United States or have legal immigration status to work in the United States;(b) Hold W-2 employee status with the licensee;(c) Be knowledgeable of the laws and rules implementing the act; and(d) Be responsible for the company's compliance with applicable state and federal laws, rules and regulations.[Statutory Authority: RCW 43.320.040 and 19.230.310. WSR 16-14-022, § 208-690-014, filed 6/27/16, effective 8/1/16; WSR 13-24-021, § 208-690-014, filed 11/22/13, effective 1/1/14.]
RCW 43.320.040 and 19.230.310. WSR 16-14-022, § 208-690-014, filed 6/27/16, effective 8/1/16; WSR 13-24-021, § 208-690-014, filed 11/22/13, effective 1/1/14.