Florida S0016 aims to combat illegal immigration by regulating foreign remittance transfers by licensed money services businesses.

Florida S0016 prohibits licensed money services businesses from initiating foreign remittance transfers unless they verify the sender is not an unauthorized alien. It defines "foreign remittance transfer" and mandates the Financial Services Commission to adopt rules for acceptable documentation. Licensees must submit forms and penalties to the Office of Financial Regulation, which deposits penalties into a specific fund. The bill also outlines record-keeping requirements, including documentation verification and financial records.

Florida S0016 aims to combat illegal immigration by regulating foreign remittance transfers by licensed money services businesses.

Florida S0016 prohibits licensed money services businesses from initiating foreign remittance transfers unless they verify the sender is not an unauthorized alien. It defines "foreign remittance transfer" and mandates the Financial Services Commission to adopt rules for acceptable documentation. Licensees must submit forms and penalties to the Office of Financial Regulation, which deposits penalties into a specific fund. The bill also outlines record-keeping requirements, including documentation verification and financial records.