HRS §489D-2
Why Hawaii licenses money transfer businesses
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.
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The statute, as written — Purpose
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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.