Vermont Statutes Title 8 Sec. 2535
Terms Used In Vermont Statutes Title 8 Sec. 2535
- Authorized delegate: means a person located in this State that a licensee designates to provide money services on behalf of the licensee. See
- Money: means a medium of exchange that is authorized or adopted by the United States or a foreign government. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 2535. Money laundering reports
(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. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002.)