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Colorado Revised Statutes Title 11. Financial Institutions § 11-110-203. Notice of laws--rules

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The banking board shall promulgate rules to create a form containing a notice of the contents of section 18-5-309 and other state and federal laws concerning money laundering.

(2)(a) An agent of a business licensed pursuant to part 1 of this article 110 shall require each employee who performs money transmission services to either:

(I) Understand and sign the form, created under subsection (1) of this section, affirming knowledge of the money laundering laws prior to the employee performing the services; or

(II) Receive training that covers the money laundering laws within thirty days before the employee performs the services.

(b) The agent shall maintain a record of each employee along with the signed notice or evidence of training in compliance with subsection (2)(a) of this section so long as the employee provides the services. The records may be maintained in an electronic or digital format that reproduces the signature on the documents by the agent.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 11. Financial Institutions § 11-110-203. Notice of laws--rules - last updated January 01, 2025 | https://codes.findlaw.com/co/title-11-financial-institutions/co-rev-st-sect-11-110-203/

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