Kansas HB2337 imposes a fee on international wire transfers, establishes funds for criminal litigation, wire transfer fees, and law enforcement.
Kansas HB2337 imposes a fee on international wire transfers by money transmitters, with a $7.50 fee for transactions of $500 or less and 1.5% for amounts over $500. The bill establishes the criminal litigation fund, wire transfer fee fund, and prosecutor and law enforcement grant fund, with specific allocations for each. It also creates a misdemeanor crime for unlawful wire transfers by non-citizens and provides for the distribution of collected fees and penalties. The bill further amends the Kansas money transmission act and related statutes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.