Florida § 560.211 - Required records.
Full text of Florida Florida Statutes § 560.211 — Required records., with citation guidance and answers to common questions.
§ 560.211. Required records.
(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.
Frequently Asked Questions About Florida § 560.211
What does Florida Statutes § 560.211 cover?
Section 560.211 ("Required records.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 560.211?
A common citation format is "Florida Statutes § 560.211" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 560.211 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.