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Current as of January 01, 2024 | Updated by Findlaw Staff
The director may promulgate rules to administer and enforce the Uniform Money Services Act, including rules necessary or appropriate to:
A. implement and clarify the Uniform Money Services Act;
B. preserve and protect the safety and soundness of money services businesses;
C. protect the interests of purchasers of money services and of the public;
D. protect against drug trafficking, terrorist funding and money laundering, structuring or a related financial crime; and
E. recover the cost of administering and enforcing the Uniform Money Services Act and other applicable law by imposing and collecting proportionate and equitable fees and costs for notices, applications, examinations, investigations and other actions required to achieve the purposes of that act.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 58. Financial Institutions and Regulations § 58-32-1002. Rules - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-58-financial-institutions-and-regulations/nm-st-sect-58-32-1002/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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