SB774 — Financial institutions: money transmitters; foreign remittance transfers; prohibit under certain circumstances. Amends secs. 2, 3 & 25 of 2006 PA 250 (MCL 487.1002 et seq.) & adds secs. 21a & 35.

SB774 — Financial institutions: money transmitters; foreign remittance transfers; prohibit under certain circumstances. Amends secs. 2, 3 & 25 of 2006 PA 250 (MCL 487.1002 et seq.) & adds secs. 21a & 35. · Informed CitizenryThis bill amends the Money Transmission Services Act to require licensees and their authorized delegates to verify that the sender of a foreign remittance transfer (a transfer to a recipient in a c…Open in Informed Citizenry