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. 560.211

560.211 Required records.—

(1) In addition to the record retention requirements under s. 560.1105, each licensee under this part must make, keep, and preserve the following books, accounts, records, and documents for 5 years:

(a) A daily record of payment instruments sold and of currency, monetary value, payment instruments, or virtual currency transmitted.

(b) A general ledger containing all asset, liability, capital, income, and expense accounts, which shall be posted at least monthly.

(d) Monthly financial institution statements and reconciliation records.

(e) Records of outstanding payment instruments and of currency, monetary value, payment instruments, or virtual currency transmitted.

(f) Records of each payment instrument paid and of currency, monetary value, payment instruments, or virtual currency transmitted.

(g) A list of the names and addresses of all of the licensee’s authorized vendors.

(h) Records that document the establishment, monitoring, and termination of relationships with authorized vendors and foreign affiliates.

(i) Any additional records, as prescribed by rule, designed to detect and prevent money laundering.

(j) Any additional records, as prescribed by rule, related to virtual currency.

(2) Any person who willfully fails to comply with this section commits a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.

History.—s. 2, ch. 94-238; s. 2, ch. 94-354; s. 11, ch. 2000-360; s. 717, ch. 2003-261; s. 61, ch. 2006-213; s. 36, ch. 2008-177; s. 9, ch. 2022-113.

F.S. 560.211 on Google Scholar

F.S. 560.211 on Casetext

Amendments to 560.211

Arrestable Offenses / Crimes under Fla. Stat. 560.211

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

S560.211 - FRAUD - FUNDS ISSUER TRANSMITTER FAIL TO KEEP RECORDS - F: T

Annotations, Discussions, Cases:

Cases from cite.case.law:

BENNETT, v. FRANKLIN RESOURCES, INC., 360 F. Supp. 3d 972 (N.D. Cal. 2018)

. . . . §§ 560.211(a), 560.304(a) - (c). . . . See 31 C.F.R. § 560.211 Note 1. 3. . . .

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

. . . . § 560.211 (implementing the order). . . .

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)

. . . . § 560.211 (implementing blocking order). . . . See 31 C.F.R. §560.211, Note 1 (2016). Defendants Alavi and ,650 Fifth Ave. . . . Order 13,599 (emphasis added); see 31 C.F.R. § 560.211 (implementing blocking order). . . . . § 560.211, Note 1 (2016) (emphasis added); id. § 560.304, Note 1 (2016) (same); see also U.S. . . . See 31 C.F.R. § 560.425 (stating that, if person whose assets are blocked pursuant to §560.211 has at . . .

OKKO BUSINESS PE, v. J. LEW, 133 F. Supp. 3d 17 (D.D.C. 2015)

. . . . § 560.211(a) (Iranian Transactions-and Sanctions Regulations); 31 C.F.R. § 594.201(a) (Global Terrorism . . .