Florida § 560.211 Required records

Florida Statutes

§ 560.211 — Required records

Florida § 560.211

TitleXXXIII

Ch. 560MONEY SERVICES BUSINESSES

This text of Florida § 560.211 (Required records) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 560.211 (2026).

Text

(1)In addition to the record retention requirements under s. 560.1105, each licensee under this part must make, keep, and preserve the following books, accounts, records, and documents for 5 years:

(a)A daily record of payment instruments sold and of currency, monetary value, payment instruments, or virtual currency transmitted.

(b)A general ledger containing all asset, liability, capital, income, and expense accounts, which shall be posted at least monthly.

(c)Daily settlement records received from authorized vendors.

(d)Monthly financial institution statements and reconciliation records.

(e)Records of outstanding payment instruments and of currency, monetary value, payment instruments, or virtual currency transmitted.

(f)Records of each payment instrument paid and of currency, mon

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(1) In addition to the record retention requirements under s. 560.1105, each licensee under this part must make, keep, and preserve the following books, accounts, records, and documents for 5 years: (a) A daily record of payment instruments sold and of currency, monetary value, payment instruments, or virtual currency transmitted. (b) A general ledger containing all asset, liability, capital, income, and expense accounts, which shall be posted at least monthly. (c) Daily settlement records received from authorized vendors. (d) Monthly financial institution statements and reconciliation records. (e) Records of outstanding payment instruments and of currency, monetary value, payment instruments, or virtual currency transmitted. (f) Records of each payment instrument paid and of currency, monetary value, payment instruments, or virtual currency transmitted. (g) A list of the names and addresses of all of the licensee’s authorized vendors. (h) Records that document the establishment, monitoring, and termination of relationships with authorized vendors and foreign affiliates. (i) Any additional records, as prescribed by rule, designed to detect and prevent money laundering. (j) Any additional records, as prescribed by rule, related to virtual currency.

(2) Any person who willfully fails to comply with this section commits a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084.