Section 3 AAC 13.010 - Money transmission license applications(a) A person applying for a money transmission or currency exchange license under AS 06.55.101 or 06.55.201 must submit an application that complies with AS 06.55.102 or 06.55.202 to the department through the registry. In addition to the information required by AS 06.55.102 or 06.55.202, the application must contain(1) a full description of the screening process used by the applicant in selecting an authorized delegate, including a sample of any forms used, and the method used to screen for criminal history;(2) satisfactory proof that, if applying for a money transmission license, the person has obtained the security required by AS 06.55.104 and that the security is in force, including the amount and type of any excess coverage provided; and(3) personal history and experience in a form prescribed by the registry and authorization for the registry and the department to obtain(A) an independent credit report from a consumer reporting agency; and(B) information related to administrative, civil, or criminal findings by a governmental jurisdiction.(b) For the purposes of this section, the department may use the registry as an agent for requesting information from and distributing information to the United States Department of Justice, another governmental agency, or another source directed by the department.(c) As part of the investigation of an application for a license under this chapter, the department will, under (a)(3) of this section, including through the registry, obtain an independent credit report and other information related to administrative, civil, or criminal findings regarding the applicant and each control person of the applicant.Eff. 7/12/2008, Register 187; am 11/22/2017,Register 224, January 2018Authority:AS 06.55.102
AS 06.55.104
AS 06.55.202
AS 44.33.020