Financial Institutions

CHAPTER 19-14.3
Sale of Checks and Electronic Money Transfers [Effective until January 1, 2020]

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.)