Florida state-chartered financial institutions shall comply with the federal standards set out by the U.S. Treasury Department, Office of Foreign Assets Control, in 31 C.F.R. part 561, Subparts B, C, and D (7-1-2019 Edition), as amended at 84 Fed. Reg. 38545 (Aug. 7, 2019), http://www.flrules.org/Gateway/reference.asp?No=Ref-12614, which are adopted and incorporated by reference, as the minimum standards for due diligence policies, procedures, and controls as required by Florida Statutes § 655.968 The standards are also available at the OFR’s website, www.flofr.gov.
Rulemaking Authority 655.012(2), 655.968 FS. Law Implemented Florida Statutes § 655.968. History-New 8-6-12, Amended 1-18-21.