Indiana Code 28-1-2-6.5. Compliance with money laundering laws; investigation and enforcement by the department
(1) The Bank Secrecy Act (31 U.S.C. § 5311 et seq.).
Terms Used In Indiana Code 28-1-2-6.5
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(3) Any regulations, policies, or reporting requirements established by the Financial Crimes Enforcement Network of the United States Department of the Treasury.
(4) Subchapter II of Chapter 53 of Title 31 of the United States Code, including 31 U.S.C. § 5318(l), and 31 CFR Chapter X, including 31 C.F.R. § 1020.220.
(5) Any other state or federal money laundering statutes or regulations that apply to a financial institution (as defined in IC 28-1-1-3(1)) other than a licensee under IC 24-4.4, IC 24-4.5, or 750 IAC 9.
(b) The department shall do the following:
(1) To the extent authorized or required by state law, investigate potential violations of, and enforce compliance with, state money laundering statutes or regulations.
(2) Investigate potential violations of federal money laundering statutes or regulations and, to the extent authorized or required by federal law:
(A) enforce compliance with the federal statutes or regulations; or
(B) refer suspected violations of the federal statutes or regulations to the appropriate federal regulatory agencies.
As added by P.L.10-2006, SEC.28 and P.L.57-2006, SEC.28. Amended by P.L.73-2016, SEC.14; P.L.176-2019, SEC.54.