WAC 208-630-721
WAC 208-630-721. If a licensee is considered a money service business (MSB) under the Bank Secrecy Act (see WAC 208-630-720 ), what are the minimum requirements for the anti-money laundering program the licensee must develop?
A licensee who qualifies as a money services business under the Bank Secrecy Act must develop, implement, and maintain an effective anti-money laundering program consistent with federal law and the requirements of 31 C.F.R. Section 103.125.