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§19-14.3-3.1  Record of foreign exchange transactions. –

Published: 2015

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Financial institutions

CHAPTER 19-14.3

Sale of Checks and Electronic Money Transfers

SECTION 19-14.3-3.1

   § 19-14.3-3.1  Record of foreign exchange

transactions. –

Every person carrying on a foreign exchange business or the business of

forwarding foreign drafts or of forwarding money or other credits to any

country outside of the United States shall make and preserve a record of each

transaction. The record shall contain all of the following information: the

amount or value of the money or credit forwarded; the bank or depository from

which the money or credit is purchased by the person; the date of the purchase;

the names and addresses of the persons forwarding the money or credit; and the

serial number or other symbol of any of the drafts or credits deposited with

the person for forwarding. The record shall be kept in a separate book for that

purpose and shall always be open to the inspection of the person who has

forwarded any money or credit through the person upon his or her request. This

person shall not fail, neglect, or refuse to submit or show the record or

prevent a proper person as defined in this section to inspect the record.

History of Section.

(P.L. 2001, ch. 129, § 3.)