[§489D-16]  Money laundering reports. 
(a)  Every licensee and its authorized delegates shall file with the
commissioner all reports relating to transactions in the State, as required by
federal recordkeeping and reporting requirements in Title 31 United States Code
section 5311 et seq., 31 Code of Federal Regulations Part 103, section 125, and
other federal and state laws pertaining to money laundering.



(b)  The timely filing of a complete and
accurate report with the appropriate federal agency shall satisfy the
requirements of subsection (a), unless the commissioner notifies the licensee
that reports of this type are not being regularly and comprehensively
transmitted by the federal agency. [L 2006, c 153, pt of §1]