2011 Wyoming Statutes
TITLE 40 - TRADE AND COMMERCE
CHAPTER 22 - WYOMING MONEY TRANSMITTERS ACT
40-22-103. License required.
(a) With the exception of those persons exempt pursuant to W.S. 40-22-104, on and after October 1, 2003, no person shall engage in the business of money transmission without a license. The division shall regulate money transmitters and carry out the provisions of this act.
(b) A person is engaged in the business of money transmission if the person regularly advertises, offers or provides services to Wyoming residents, through any medium including, but not limited to, internet or other electronic means.
(c) A licensee with a physical presence in this state may conduct its business at one (1) or more locations, directly or indirectly owned, or through one (1) or more authorized delegates, or both, pursuant to a single license granted to the licensee, provided that for each business name, a separate license shall be required.
(d) Every licensee and authorized delegate shall comply with the Bank Secrecy Act, 12 U.S.C. 1951 et seq.
(e) Authorized delegates of a licensee, acting within the scope of authority conferred by a written contract as described in W.S. 40-22-118 shall not be required to obtain a license.
Disclaimer: These codes may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.