The director may promulgate rules to administer and enforce the Uniform Money Services Act, including rules necessary or appropriate to: A. implement and clarify the Uniform Money Services Act; B. preserve and protect the safety and soundness of money services businesses; C. protect the interests of purchasers of money services and of the public; D. protect against drug trafficking, terrorist funding and money laundering, structuring or a related financial crime; and E. recover the cost of administering and enforcing the Uniform Money Services Act and other applicable law by imposing and collecting proportionate and equitable fees and costs for notices, applications, examinations, investigations and other actions required to achieve the purposes of that act. History: Laws 2016, ch. 88, § 1002. ANNOTATIONSEffective dates. — Laws 2016, ch. 88, § 1007 makes Laws 2016, ch. 88 effective January 1, 2017.
New Mexico Legal Code