§ 40-22-103 — License required

(a) With the exception of those persons exempt pursuant to
W.S. 40-22-104, on and after October 1, 2003, no person shall
engage in the business of money transmission without a license.
The division shall regulate money transmitters and carry out the
provisions of this act.
(b) A person is engaged in the business of money
transmission if the person advertises, offers or provides
services to Wyoming residents, for personal, family or household
use, through any medium including, but not limited to, internet
or other electronic means.
(c) A licensee with a physical presence in this state may
conduct its business at one (1) or more locations, directly or
indirectly owned, or through one (1) or more authorized
delegates or subdelegates, or both, pursuant to a single license
granted to the licensee, provided that for each business name, a
separate license shall be required.
(d) Every licensee, authorized delegate and subdelegate
shall comply with the Bank Secrecy Act, 12 U.S.C. 1951 et seq.
(e) Authorized delegates or subdelegates of a licensee,
acting within the scope of authority conferred by a written
contract as described in W.S. 40-22-118 shall not be required to
obtain a license.