(A) If the commissioner has reason to believe that a person has violated or is violating Section 35-11-200 or 35-11-300, the commissioner may issue an order to show cause why an order to cease and desist should not be issued requiring the person to cease and desist from the violation of Section 35-11-200 or 35-11-300.
(B) In an emergency, the commissioner may petition the Richland County Circuit Court for the issuance of a temporary restraining order ex parte pursuant to the rules of civil procedure.
(C) An order to cease and desist becomes effective upon service of the order on the person.
(D) An order to cease and desist remains effective and enforceable pending the completion of an administrative proceeding pursuant to Sections 35-11-800 and 35-11-805.
HISTORY: 2016 Act No. 266 (H.4554), Section 1, eff May 25, 2018.
Structure South Carolina Code of Laws
Chapter 11 - South Carolina Anti-money Laundering Act
Section 35-11-100. Short title.
Section 35-11-105. Definitions.
Section 35-11-110. Applicability of chapter.
Section 35-11-200. License required.
Section 35-11-205. Application for license.
Section 35-11-210. Approval to engage in money transmission when licensed in another state.
Section 35-11-220. Issuance of license.
Section 35-11-225. Renewal of license.
Section 35-11-300. License required.
Section 35-11-305. Application for license.
Section 35-11-310. Issuance of license.
Section 35-11-315. Renewal of license.
Section 35-11-400. Relationship between licensee and authorized delegate.
Section 35-11-405. Unauthorized activities.
Section 35-11-500. Authority to conduct examinations.
Section 35-11-505. Cooperation.
Section 35-11-515. Change of control.
Section 35-11-525. Money laundering reports.
Section 35-11-530. Confidentiality.
Section 35-11-600. Maintenance of permissible investments.
Section 35-11-605. Types of permissible investments.
Section 35-11-700. Suspension and revocation.
Section 35-11-705. Suspension and revocation of authorized delegates.
Section 35-11-710. Orders to cease and desist.
Section 35-11-715. Consent orders.
Section 35-11-720. Civil penalties.
Section 35-11-725. Criminal penalties.
Section 35-11-730. Unlicensed persons.
Section 35-11-735. Appointment of receiver for licensee.
Section 35-11-740. Additional criminal penalties; definitions.
Section 35-11-800. Administrative proceedings.
Section 35-11-810. Administration by commissioner.
Section 35-11-815. Regulations.
Section 35-11-900. Uniformity of application and construction.