10 Del. Admin. Code § 203-36.0

Current through Reigster Vol. 28, No. 6, December 1, 2024

Section 203-36.0 - Bank Secrecy Act, Title 31, Anti-Money Laundering

36.1 Consistent with the requirements of the federal Bank Secrecy Act, (31 U.S.C. 5311, et seq) and regulations promulgated thereunder, each licensed agent shall comply with federal law pertaining to reportable currency transactions and transactions that are believed to be suspicious. To accomplish these objectives, the licensed agent shall, at minimum:

36.1.1 Establish a system of internal controls to assure ongoing compliance;

36.1.2 Employ an internal and/or external independent audit function to test for compliance;

36.1.3 Train personnel in reportable currency transactions and identifying unusual or suspicious transactions;

36.1.4 Assign an individual or group of individuals to be responsible for day-to-day compliance; and

36.1.5 Employ the use of automated programs to aid in assuring compliance when automated processing systems are in use.

10 Del. Admin. Code § 203-36.0

22 DE Reg. 500 (12/1/2018) (Final)