South Carolina Code of Laws
Chapter 11 - South Carolina Anti-money Laundering Act
Section 35-11-510. Reports.

(A) A licensee shall file with the commissioner within fifteen business days any material changes in information provided in a licensee's application as prescribed by the commissioner.
(B) A licensee shall file with the commissioner within forty-five days after the end of each fiscal quarter a current list of all authorized delegates, and locations in this State where the licensee or an authorized delegate of the licensee provides money services, including limited stations and mobile locations. The licensee shall state the name and street address of each location and authorized delegate.
(C) A licensee shall file a report with the commissioner within three business days after the licensee has reason to know of the occurrence of any of the following events:
(1) the filing of a petition by or against the licensee under the United States Bankruptcy Code, 11 U.S.C. Section 101-110 (1994 & Supp. V 1999), for bankruptcy or reorganization;
(2) the filing of a petition by or against the licensee for receivership, the commencement of another judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors;
(3) the commencement of a proceeding to revoke or suspend its license in a state or country in which the licensee engages in business or is licensed;
(4) the cancellation or other impairment of the licensee's bond or other security;
(5) a charge or conviction of the licensee or of an executive officer, manager, director, or person in control of the licensee for a felony; or
(6) a charge or conviction of an authorized delegate for a felony.
HISTORY: 2016 Act No. 266 (H.4554), Section 1, eff May 25, 2018.

Structure South Carolina Code of Laws