§ 63-2-503.1b. Criminal financial check on money services business registrations.

A.  The Oklahoma State Bureau of Narcotics and Dangerous Drugs Control shall conduct a criminal financial check on all registration applications submitted pursuant to the provisions of Section 1513 of Title 6 of the Oklahoma Statutes.  The applicant for a money services business license shall pay a fee of Fifty Dollars ($50.00) to the Bureau for the criminal financial check prior to licensing.  This shall be in addition to all other administrative fees imposed by the Oklahoma Banking Department.

B.  The Oklahoma State Bureau of Narcotics and Dangerous Drugs Control shall have authority to access, review and investigate any registration application and supplier reports submitted to the Oklahoma State Banking Commissioner pursuant to Section 1513 of Title 6 of the Oklahoma Statutes, for the purposes of criminal financial checks, identifying or investigating suspicious or illegal activities or to track illegal drug-related monies.  A copy of all money services transaction reports provided to the Oklahoma State Banking Commissioner shall be provided to the Bureau.

Added by Laws 2008, c. 170, § 2, eff. July 1, 2008.