2017 Colorado Revised Statutes
Title 11 - Financial Institutions
Banks
Article 110 - Money Transmitters
Part 2 - Money Transmitter Agents
§ 11-110-203. Notice of laws - rules
(1) The banking board shall promulgate rules to create a form containing a notice of the contents of section 18-5-309 and other state and federal laws concerning money laundering.
(2) (a) An agent of a business licensed pursuant to part 1 of this article 110 shall require each employee who performs money transmission services to either:
(I) Understand and sign the form, created under subsection (1) of this section, affirming knowledge of the money laundering laws prior to the employee performing the services; or
(II) Receive training that covers the money laundering laws within thirty days before the employee performs the services.
(b) The agent shall maintain a record of each employee along with the signed notice or evidence of training in compliance with subsection (2)(a) of this section so long as the employee provides the services. The records may be maintained in an electronic or digital format that reproduces the signature on the documents by the agent.
