{"data":{"id":"us-ky/krs-286.13-040","jurisdiction":"us-ky","citation":"KRS 286.13-040","heading":"Information to be provided with application.  (Effective April 30, 2027)","body":"An application filed under KRS 286.13 -035 shall provide all of the following\ninformation, documentation, and evidence unless the commissioner, for good cause,\nwaives any requirement of this section with respect to a license application:\n(1) The following for the applicant, each executive officer, director, key shareholder,\nand person in control of the applicant, and each responsible individual and agent, as\napplicable:\n(a) Legal name;\n(b) Any former names used, including former fictitious or trade names;\n(c) Any fictitious or trade names used;\n(d) Business addresses;\n(e) Residential addresses;\n(f) Social Security number;\n(g) Employment history for the ten (10) year period p receding the application\nfiling; and\n(h) A description of the activities conducted by the person and a history of\noperations, including a description of any money or virtual currency services,\nmoney transmission, or virtual currency kiosk business that has been\npreviously conducted in this state;\n(2) The physical address of each proposed virtual currency kiosk in this state;\n(3) A copy of any agreement between the applicant and each responsible individual and\nagent;\n(4) A list of each license or other authorization the applicant holds to conduct money or\nvirtual currency services, money transmission, or virtual currency kiosk business in\nany state, federal, or foreign jurisdiction and the date each license or authorization\nexpires;\n(5) A list of all regulatory revocations, suspensions, restrictions , and other disciplinary\nactions in any state, federal, or foreign jurisdiction, including all rejected\napplications, taken against any of the following:\n(a) The applicant;\n(b) A responsible individual; or\n(c) An agent;\n(6) (a) A list and description of al l criminal convictions, deferred prosecution\nagreements, and pending criminal proceedings, other than traffic violations, in\nany jurisdiction for the ten (10) year period preceding the filing of the\napplication against any of the following:\n1. The applicant;\n2. A responsible individual;\n3. An agent;\n4. An executive officer of the applicant; or\n5. A key shareholder of the applicant.\n(b) The commissioner may request a copy of any criminal conviction, which shall\nbe promptly provided within ten (10) working days of the request;\n(7) (a) A list and description of all material litigation for the ten (10) year period\npreceding the filing of the application against any of the following:\n1. The applicant;\n2. A responsible individual;\n3. An agent;\n4. An executive officer of the applicant; or\n5. A key shareholder of the applicant.\n(b) The commissioner may request a copy of any material litigation, which shall\nbe promptly provided within ten (10) working days of the request;\n(8) A list of all bankruptcy and receivership proceedings in any jurisdiction for the past\nten (10) years in which any of the following was a debtor:\n(a) The applicant;\n(b) A responsible individual;\n(c) An agent;\n(d) A person in control of the applicant; or\n(e) A person over which the applicant has control;\n(9) The name, business address, and telephone number of each financial institution in\nwhich the applicant and its agents plan to deposit or clear funds obtained by or\nthrough its virtual currency kiosk business in this state;\n(10) A description of the source of funds and credit to be used by the applicant and its\nagents to conduct virtual currency kiosk business in this state;\n(11) A sample contract for an agent;\n(12) A copy of the written procedures that will be provided by the applicant or licensee\nto its responsible individuals and agents;\n(13) The physical address and email address to which communications from the\ndepartment may be sent;\n(14) The name, physical address, email address, and telephone number of  the applicant's\nregistered agent for service of process in this state;\n(15) The name, business address, email address, and telephone number of the applicant's\nchief compliance officer for virtual currency kiosk business conducted in this state;\n(16) With respect to the applicant's virtual currency kiosk business in this state, a copy\nof the certificate of coverage for each liability, casualty, business interruption, and\ncybersecurity insurance policy maintained by the applicant for any of the following:\n(a) Itself;\n(b) A responsible individual;\n(c) An agent;\n(d) An affiliate of the applicant;\n(e) A person in control of the applicant; or\n(f) A person over which the applicant has control;\n(17) If applicable:\n(a) The date on which, and the state where, the applicant is formed;\n(b) A copy of any current certificate of good standing issued by the state where\nthe applicant is formed;\n(c) A copy of the applicant's filed articles of incorporation;\n(d) Evidence that the applicant is registered or qualified to do busi ness in this\nstate;\n(e) The name, business address, and telephone number of each affiliate of the\napplicant;\n(f) A description of the control relationship between the applicant and each\naffiliate of the applicant; and\n(g) A description of the corporate or business structure of the applicant,\nincluding:\n1. The identity of any parent and subsidiary of the applicant; and\n2. Disclosure of whether any parent or subsidiary of the applicant is\npublicly traded on any stock exchange;\n(18) A copy of the following for the most recent fiscal year and, if available, for the two\n(2) year period preceding filing of the application:\n(a) The applicant's audited annual financial statements; or\n(b) If the applicant is a wholly owned subsidiary of another corporation:\n1. The audited consolidated annual financial statement of the parent\ncorporation; or\n2. The applicant's audited consolidated annual financial statements;\n(19) A copy of the applicant's unconsolidated financial statements, whether audited or\nnot, for:\n(a) The current fiscal year; and\n(b) If available, the two (2) year period preceding the filing of the application;\n(20) If the applicant is publicly traded in the United States, a copy of the most recent\nreport filed by the person pursuant to 15 U.S.C. sec. 78m, as amended;\n(21) If a person in control of the applicant is publicly traded in the United States, a copy\nof the:\n(a) Audited financial statements of the person for the most recent fiscal year; or\n(b) Most recent report filed by the per son pursuant to 15 U.S.C. sec. 78m, as\namended;\n(22) If a person in control of the applicant is publicly traded outside the United States, a\ncopy of the most recent documentation filed by the person with a relevant foreign\nregulator in the person's domicil e that is similar to that required in subsection (20)\nof this section;\n(23) If the applicant or its agents are required to register with the Financial Crimes\nEnforcement Network of the United States Department of the Treasury as a money\nservice business, evidence of the registration;\n(24) Any substituted information, documentation, or evidence the commissioner, for\ngood cause, permits for any license application in lieu of the information,\ndocumentation, or evidence required by this section; and\n(25) Any ot her information, documentation, or evidence the commissioner reasonably\nrequires to determine whether an applicant satisfies the requirements of this subtitle.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=58283","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:16Z","sha256":"177f9c13b3d4776aa274ceb4ec793dbf52e2a2beba4310a7ae1538d78a72b223","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.13-035","next":"us-ky/krs-286.13-045"},"notice":"GroundRules: Original legal text. Not legal advice."}