N.M. Stat. § 58-32-1002

Current through 2024, ch. 69

Section 58-32-1002 - Rules

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.

NMS § 58-32-1002

Laws 2016, ch. 88, § 1002.

Added by 2016, c. 88,s. 1002, eff. 1/1/2017.