SB 16A: Combatting Illegal Immigration

Summary

Combatting Illegal Immigration; Prohibiting licensed money services businesses from initiating foreign remittance transfers unless they have verified that the sender is not an unauthorized alien; defining the term “foreign remittance transfer”; requiring the Financial Services Commission to adopt certain rules; requiring that licensees make, keep, and preserve for 5 years records of certain documentation and penalties paid; authorizing the Office of Financial Regulation of the commission to request, and requiring licensees to provide, records of certain documentation, etc.

Latest recorded action

Died, not introduced

Jan 27, 2025

This is the latest action supplied by the source, not the full legislative history.

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