<a id="pl.1.3"></a><var>1.3</var>establishing a no transmit list; requiring certain notifications and verifications;<br/>
<a id="pl.1.4"></a><var>1.4</var>amending Minnesota Statutes 2012, sections 13.712, by adding a subdivision; <br/>
<a id="pl.1.5"></a><var>1.5</var>53B.27, by adding subdivisions.<br/>
<a id="pl.1.6"></a><var>1.6</var>BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:<br/>
<br/>
<a id="bill.0.1.0"></a><a id="pl.1.7"></a><var>1.7</var>    Section 1. Minnesota Statutes 2012, section 13.712, is amended by adding a <br/>
<a id="pl.1.8"></a><var>1.8</var>subdivision to read:<br/>
<a id="pl.1.9"></a><var>1.9</var>    Subd. 3a. <b>No transmit list.</b> Data maintained as part of creation and maintenance <br/>
<a id="pl.1.10"></a><var>1.10</var>of the list of individuals for whom money transmitters may not make transmissions is <br/>
<a id="pl.1.11"></a><var>1.11</var>governed by section 53B.27, subdivision 3.<br/>
<br/>
<a id="bill.0.2.0"></a><a id="pl.1.12"></a><var>1.12</var>    Sec. 2. Minnesota Statutes 2012, section 53B.27, is amended by adding a subdivision <br/>
<a id="pl.1.13"></a><var>1.13</var>to read:<br/>
<a id="pl.1.14"></a><var>1.14</var>    Subd. 3. <b>No transmit list.</b> (a) The commissioner shall create and maintain <br/>
<a id="pl.1.15"></a><var>1.15</var>an electronic list of individuals for whom money transmitters may not make money <br/>
<a id="pl.1.16"></a><var>1.16</var>transmissions. The commissioner may contract with a third-party vendor to create and <br/>
<a id="pl.1.17"></a><var>1.17</var>maintain the list. The electronic list must include sufficient identifying information <br/>
<a id="pl.1.18"></a><var>1.18</var>about individuals on the list to allow for money transmitters to match names on the "No <br/>
<a id="pl.1.19"></a><var>1.19</var>Transmit List" with the names of individuals seeking to utilize the money transmitter's <br/>
<a id="pl.1.20"></a><var>1.20</var>services to make money transmissions.<br/>
<a id="pl.1.21"></a><var>1.21</var>(b) The "No Transmit List" shall be populated in the following ways:<br/>
<a id="pl.1.22"></a><var>1.22</var>(1) an individual may request that the commissioner put the individual's name on <br/>
<a id="pl.1.23"></a><var>1.23</var>the "No Transmit List;"<br/>
<a id="pl.2.1"></a><var>2.1</var>(2) persons with the legal authority to act on behalf of an individual may request that <br/>
<a id="pl.2.2"></a><var>2.2</var>the commissioner put the individual's name on the "No Transmit List;"<br/>
<a id="pl.2.3"></a><var>2.3</var>(3) money transmitters shall request that the commissioner put the names of <br/>
<a id="pl.2.4"></a><var>2.4</var>individuals on the "No Transmit List" that the money transmitter, their employees, their <br/>
<a id="pl.2.5"></a><var>2.5</var>authorized delegates, or their authorized delegates' employees have detected are victims <br/>
<a id="pl.2.6"></a><var>2.6</var>of a scheme to defraud and the names of individuals they have detected are participants <br/>
<a id="pl.2.7"></a><var>2.7</var>in a scheme to defraud individuals residing in Minnesota; <br/>
<a id="pl.2.8"></a><var>2.8</var>(4) state and local law enforcement agencies and departments may request that the <br/>
<a id="pl.2.9"></a><var>2.9</var>commissioner put the names of individuals residing in Minnesota who have been victims <br/>
<a id="pl.2.10"></a><var>2.10</var>of a scheme to defraud on the "No Transmit List"; and<br/>
<a id="pl.2.11"></a><var>2.11</var>(5) money transmitters shall request that the commissioner put the names of <br/>
<a id="pl.2.12"></a><var>2.12</var>individuals on the "No Transmit List" who have made a request directly to the money <br/>
<a id="pl.2.13"></a><var>2.13</var>transmitter to be prohibited from making or receiving money transmissions.<br/>
<a id="pl.2.14"></a><var>2.14</var>(c) An individual on the "No Transmit List" shall remain on the list for a minimum <br/>
<a id="pl.2.15"></a><var>2.15</var>of one year. After the expiration of one year, the individual may at any time request <br/>
<a id="pl.2.16"></a><var>2.16</var>that his or her name be removed from the "No Transmit List," otherwise the name will <br/>
<a id="pl.2.17"></a><var>2.17</var>remain on the list. An individual whose name was put on the "No Transmit List" by a <br/>
<a id="pl.2.18"></a><var>2.18</var>person authorized to act on an individual's behalf shall remain on the list for a minimum of <br/>
<a id="pl.2.19"></a><var>2.19</var>one year. After the expiration of one year, the person authorized to act on the individual's <br/>
<a id="pl.2.20"></a><var>2.20</var>behalf may at any time request that the commissioner remove the individual's name from <br/>
<a id="pl.2.21"></a><var>2.21</var>the "No Transmit List," otherwise the name will remain on the list.<br/>
<a id="pl.2.22"></a><var>2.22</var>(d) An individual who requests that the individual's name be put on the "No Transmit <br/>
<a id="pl.2.23"></a><var>2.23</var>List" may indicate at the time of the request that the name shall not be removed from <br/>
<a id="pl.2.24"></a><var>2.24</var>the "No Transmit List" unless both the individual and at least one of two designated <br/>
<a id="pl.2.25"></a><var>2.25</var>individuals requests the individual's name be removed from the list.<br/>
<a id="pl.2.26"></a><var>2.26</var>(e) The commissioner shall create request forms and establish procedures for <br/>
<a id="pl.2.27"></a><var>2.27</var>submission of requests under this subdivision. The commissioner's forms and procedures <br/>
<a id="pl.2.28"></a><var>2.28</var>shall include necessary requirements for verifying the identity and authority of individuals <br/>
<a id="pl.2.29"></a><var>2.29</var>submitting requests. All requests must be submitted to the commissioner on the forms <br/>
<a id="pl.2.30"></a><var>2.30</var>created by the commissioner and in accordance with the procedures established by the <br/>
<a id="pl.2.31"></a><var>2.31</var>commissioner.<br/>
<a id="pl.2.32"></a><var>2.32</var>(f) Except as otherwise provided in this paragraph, data on individuals in the "No <br/>
<a id="pl.2.33"></a><var>2.33</var>Transmit List" and in requests to have names put on or removed from the list are private <br/>
<a id="pl.2.34"></a><var>2.34</var>data on individuals as defined in section 13.02, subdivision 12. The name of an individual <br/>
<a id="pl.2.35"></a><var>2.35</var>on the "No Transmit List" may be provided to the individual or a person authorized to act <br/>
<a id="pl.2.36"></a><var>2.36</var>on the individual's behalf and shall be provided to a money transmitter through a matching <br/>
<a id="pl.3.1"></a><var>3.1</var>process for the purpose of determining whether it may initiate a money transmission. Data <br/>
<a id="pl.3.2"></a><var>3.2</var>classified under this paragraph may be disclosed to requesting law enforcement agencies <br/>
<a id="pl.3.3"></a><var>3.3</var>for law enforcement purposes or to other government agencies for purposes related to the <br/>
<a id="pl.3.4"></a><var>3.4</var>regulation of money transmissions.<br/>
<br/>
<a id="bill.0.3.0"></a><a id="pl.3.5"></a><var>3.5</var>    Sec. 3. Minnesota Statutes 2012, section 53B.27, is amended by adding a subdivision <br/>
<a id="pl.3.6"></a><var>3.6</var>to read:<br/>
<a id="pl.3.7"></a><var>3.7</var>    Subd. 4. <b>Suspicious activity report.</b> Each time a money transmitter requests that <br/>
<a id="pl.3.8"></a><var>3.8</var>the commissioner put the name of an individual on the "No Transmit List" pursuant <br/>
<a id="pl.3.9"></a><var>3.9</var>to subdivision 3, paragraph (b), clause (3), the money transmitter shall also submit a <br/>
<a id="pl.3.10"></a><var>3.10</var>suspicious activity report pursuant to the federal Bank Secrecy Act.<br/>
<br/>
<a id="bill.0.4.0"></a><a id="pl.3.11"></a><var>3.11</var>    Sec. 4. Minnesota Statutes 2012, section 53B.27, is amended by adding a subdivision <br/>
<a id="pl.3.12"></a><var>3.12</var>to read:<br/>
<a id="pl.3.13"></a><var>3.13</var>    Subd. 5. <b>High incidence of schemes to defraud.</b> The commissioner, after consulting <br/>
<a id="pl.3.14"></a><var>3.14</var>with licensed money transmitters, may recommend a maximum transaction amount for <br/>
<a id="pl.3.15"></a><var>3.15</var>money transmissions to countries associated with high incidence of schemes to defraud.<br/>
<br/>
<a id="bill.0.5.0"></a><a id="pl.3.16"></a><var>3.16</var>    Sec. 5. Minnesota Statutes 2012, section 53B.27, is amended by adding a subdivision <br/>
<a id="pl.3.17"></a><var>3.17</var>to read:<br/>
<a id="pl.3.18"></a><var>3.18</var>    Subd. 6. <b>Notification of attempted receipt of money transfer at unexpected </b><br/>
<a id="pl.3.19"></a><var>3.19</var><b>location.</b> Upon request of a sender of a money transmission, a money transmitter shall <br/>
<a id="pl.3.20"></a><var>3.20</var>promptly notify the sender if the money transmitter receives notice that a person has <br/>
<a id="pl.3.21"></a><var>3.21</var>attempted to receive the transfer at a physical location in a state or country other than the <br/>
<a id="pl.3.22"></a><var>3.22</var>state or country specified by the sender. The money transmitter shall not authorize receipt <br/>
<a id="pl.3.23"></a><var>3.23</var>of the transfer at any physical location not specified in writing by the sender at the time of <br/>
<a id="pl.3.24"></a><var>3.24</var>the transmission unless the money transmitter has received authorization from the sender.<br/>
<br/>
<a id="bill.0.6.0"></a><a id="pl.3.25"></a><var>3.25</var>    Sec. 6. Minnesota Statutes 2012, section 53B.27, is amended by adding a subdivision <br/>
<a id="pl.3.26"></a><var>3.26</var>to read:<br/>
<a id="pl.3.27"></a><var>3.27</var>    Subd. 7. <b>Verification of name and location of receipt of money transfer.</b><br/>
<a id="pl.3.28"></a><var>3.28</var>Upon request of a sender or the authorized delegate of a money transmission, a money <br/>
<a id="pl.3.29"></a><var>3.29</var>transmitter shall provide the sender verification of the location where the transfer was <br/>
<a id="pl.3.30"></a><var>3.30</var>received and the name of the person receiving the transfer. This subdivision only applies <br/>
<a id="pl.3.31"></a><var>3.31</var>to transmissions received at a physical location.<br/>
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<a id="bill.0.7.0"></a><a id="pl.4.1"></a><var>4.1</var>    Sec. 7. <b>EFFECTIVE DATE.</b><br/>
<a id="pl.4.2"></a><var>4.2</var>This act is effective January 1, 2014, and applies to money transfers initiated on or <br/>
<a id="pl.4.3"></a><var>4.3</var>after that date.<br/>