HRS §489D-2

Why Hawaii licenses money transfer businesses

Read the official text at capitol.hawaii.gov ↗

This section explains the state's goal in creating a licensing system for money transfer businesses. The system aims to keep these businesses safe and sound, prevent them from being used for crime, build public trust in the financial system, and protect the public.

everyone

The statute, as written — Purpose

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

It is the intent of the legislature to establish within the State a licensure system to ensure the safe and sound operation of money transmission businesses, to ensure that these businesses are not used for criminal purposes, to promote confidence in the State's financial system, and to protect the public interest.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.