The 2023 Florida Statutes (including Special Session C)

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 560
MONEY SERVICES BUSINESSES

View Entire Chapter

F.S. 560.208

560.208 Conduct of business.—In addition to the requirements specified in s. 560.1401, a licensee under this part:

(1) May conduct its business at one or more locations within this state through branches or by means of authorized vendors, as designated by the licensee, including the conduct of business through electronic transfer, such as by the telephone or the Internet.

(2) Notwithstanding and without violating s. 501.0117, may charge a different price for a money transmitter service based on the mode of transmission used in the transaction as long as the price charged for a service paid for with a credit card is not more than the price charged when the service is paid for with currency or other similar means accepted within the same mode of transmission.

(3) Is responsible for the acts of its authorized vendors in accordance with the terms of its written contract with the vendor.

(4) Shall place assets that are the property of a customer in a segregated account in a federally insured financial institution and shall maintain separate accounts for operating capital and the clearing of customer funds.

(5) Shall, in the normal course of business, ensure that currency, monetary value, payment instruments, or virtual currency transmitted is available to the designated recipient within 10 business days after receipt.

(6) Shall immediately upon receipt of currency, monetary value, a payment instrument, or virtual currency provide a confirmation or sequence number to the customer verbally, by paper, or electronically.

History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 10, ch. 2001-119; s. 714, ch. 2003-261; s. 5, ch. 2004-85; s. 32, ch. 2008-177; s. 6, ch. 2022-113.

F.S. 560.208 on Google Scholar

F.S. 560.208 on Casetext

Amendments to 560.208

Arrestable Offenses / Crimes under Fla. Stat. 560.208

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 560.208.

Annotations, Discussions, Cases:

Cases from cite.case.law:

KIRSCHENBAUM, v. FIFTH AVENUE, 257 F. Supp. 3d 463 (S.D.N.Y. 2017)

. . . . §§ 560.203, 560.204, 560.207, 560.208, 560.301. The. New York Foundation and 650 Fifth Ave. . . .

IN RE FIFTH AVENUE AND RELATED PROPERTIES. J. Jr. Sr. A. A. M. M. D. M. D. M. W. R. Gu, Gu, D. T. A. T. J. M. R. C. M. C. S. K. P. R. S. W. E. L. S. Ed M. J. R. A. M. B. D. C. S. R. W. M. M. F. Jr. M. W. W. M. V. D. R. A. J. L. G. Jr. A. E. E. R. M. E. L. C. III, R. E. R. M. M. L. J. Jr. K. Sr. R. K. A. E. D. T. H. F. H. Jr. A. E. L. D. P. C. D. R. L. V. A. v. In N. A. N. A. N. A. N. A. N. A. N. A., 830 F.3d 66 (2d Cir. 2016)

. . . . §§ 560.203, 560.204, 560.207, 560.208, 560.301. Alavi and 650 Fifth Ave. . . . [Id. § 560.208.] . . . Government of Iran after 1995, see 31 C.F.R. § 560.304; see also id. §§560.203, 560.204, 560.206, 560.207, 560.208 . . . Co. violated 31 C.F.R. § 560.208, which states that no United States person "may approve, finance, facilitate . . . Because we do not identify any underlying violation of 31 C.F.R. § 560.208 on the record before us, summary . . .

KIRSCHENBAUM, v. FIFTH AVENUE AND RELATED PROPERTIES M. Et- J. R. A. M. B. W. D. W. Jr. Jr. R. D. M. G. Dr. Jr. III, C. H. III, IV, R. III, D. Jr. Jr. E. Mc- R. II, L. S. Jr. J. J. H. Jr. Jr. D. H. Jr. J. Jr. D. Jr. P. D. E. F. Jr. C. Sr. E. Jr. Sr. R. Sr. Bo- Sr. E. Jr. U. A. A. H. M. M. N. Jr. Li F. A. A. J. P. M. D. Do- Ed- Jr. E. S. R. A. A. H. J. Sr. IV, Jr. Sr. C. D. Jr. Sr. D. R. L. H. Jr. D. L. III, M. G. LaRi- L. R. R. IV, R. Jr. M. D. Sr. Ma- Sr. Jr. A. H. T. Jr. A. J. III, J. JR. P. O L. D. S. J. K. M. L. Jr. R. D. Pe- Sr. D. J. M. A. L. J. K. III, K. Jr. B. L. B. J. J. Sr. Jr. Sr. D. L. Jr. L. Jr. Sr. L. H. J. A. J. F. W. Sr. Jr. Sr. S. S. W. E. S. J. M. S. R. W. M. M. F. Jr. M. W. W. M. V. D. R. A. J. L. G. Jr. A. E. E. R. M. E. L. C. III, R. E. R. M. M. L. J. Jr. R. K. K. A. E. D. T. H. Jr. H. Jr. F. A. E. L. D. P. C. D. J. Jr. Sr. A. Bo- A. M. M. D. M. D. M. W. R. Gu, Gu, D. Pa- T. Lo- A. T. J. M. R. C. M. Ro- C. S. K. P. R. S. W. E. L. S. Ro- Ed E. v., 830 F.3d 107 (2d Cir. 2016)

. . . . §§ 560.203, 560.204, 560.207, 560.208, 560.301. Alavi and 650 Fifth Ave. . . .

DANA S RAILROAD SUPPLY, TM LLC, s v. ATTORNEY GENERAL, FLORIDA,, 807 F.3d 1235 (11th Cir. 2015)

. . . . §§ 215.322(3)(b), 560.208(2). . . .

NML CAPITAL, LTD. ACP I LLC, II, LLC, De v. THE REPUBLIC OF ARGENTINA, LLC,, 727 F.3d 230 (2d Cir. 2013)

. . . . § 560.208 (forbidding dealings between foreign persons engaged in trade with Iran and U.S. persons) . . .

In FIFTH AVENUE AND RELATED PROPERTIES, 777 F. Supp. 2d 529 (S.D.N.Y. 2011)

. . . . § 560.208, and "[a]ny transaction by any United States person or within the United States that evades . . .

MGM PRODUCTIONS GROUP, INC. v. AEROFLOT RUSSIAN AIRLINES,, 573 F. Supp. 2d 772 (S.D.N.Y. 2003)

. . . “Prohibited exportation, reexportation, sale or supply of goods, technology, or services to Iran”), 560.208 . . .