Sec. 46. (a) The licensee or an authorized delegate shall comply with all state and federal money laundering statutes and regulations, including the following:
(1) The Bank Secrecy Act (31 U.S.C. 5311 et seq.).
(2) The USA Patriot Act of 2001 (P.L. 107-56).
(3) Any regulations, policies, or reporting requirements established by the Financial Crimes Enforcement Network of the United States Department of the Treasury.
(4) Any other state or federal money laundering statutes or regulations that apply to a licensee or an authorized delegate.
(b) The department shall do the following:
(1) To the extent authorized or required by state law, investigate potential violations of, and enforce compliance with, state money laundering statutes or regulations.
(2) Investigate potential violations of federal money laundering statutes or regulations and, to the extent authorized or required by federal law:
(A) enforce compliance with the federal statutes or regulations; or
(B) refer suspected violations of the federal statutes or regulations to the appropriate federal regulatory agencies.
As added by P.L.42-1993, SEC.85. Amended by P.L.10-2006, SEC.61 and P.L.57-2006, SEC.61.
Structure Indiana Code
Title 28. Financial Institutions
28-8-4-3.5. Closed System Stored Value Card
28-8-4-10. Licensed Activities
28-8-4-12. Material Litigation
28-8-4-14. Outstanding Payment Instrument
28-8-4-16. Permissible Investments
28-8-4-19.5. Stored Value Card
28-8-4-21. Form of License Applications; Surety Bond; Fee
28-8-4-24. Contents of License Applications
28-8-4-25. Applicants Not Organized as Sole Proprietorship; Contents of Applications
28-8-4-27. Surety Bond; Requirements; Amount; Termination; Liability; Notices
28-8-4-33. Conduct of Business; Insurance; Permissible Investments; Good Standing
28-8-4-34. Commonly Controlled Corporations or Organizations
28-8-4-36. Contesting Denial of License Applications
28-8-4-37. License Renewal Fees
28-8-4-38. License Renewal; Annual Requirements; Financial Statements; Fee
28-8-4-40.1. License Not Transferable or Assignable
28-8-4-40.4. Carrying on Other Business
28-8-4-40.6. Felony Convictions; Notice to Department
28-8-4-43. Making, Keeping, and Preserving Records
28-8-4-44. Maintenance and Availability of Records
28-8-4-45. Maintenance of Records at Foreign Locations
28-8-4-45.5. Duty to Safeguard Personal Records
28-8-4-46. Compliance With Money Laundering Laws; Investigation and Enforcement by Department
28-8-4-47. Confidentiality of Information; Exceptions
28-8-4-48.1. Failure to File Renewal Form or Pay Renewal Fee; Revocation or Suspension of License
28-8-4-50. Compliance by Authorized Delegates
28-8-4-51. Suspension and Barring of Authorized Delegates
28-8-4-52. Applicability of Law Governing Administrative Orders and Procedures; Venue
28-8-4-54. Claims Against Licensees and Authorized Delegates
28-8-4-55. Compromise, Settlement, and Collection of Civil Penalties