{"data":{"id":"us-sd/sdcl-51a-18-12","jurisdiction":"us-sd","citation":"SDCL § 51A-18-12","heading":"Fraud and money laundering prevention--Policy.","body":"A licensee shall take reasonable steps to detect and prevent fraud and money laundering, including establishing and maintaining a written anti-fraud policy and complying with the requirements of the Bank Secrecy Act, 31 U.S.C. §§ 5311 to 5336, inclusive (January 1, 2026).\nThe policy must include:\n(1) Mechanisms to identify and assess risks associated with fraud and money laundering;\n(2) Controls and procedures to protect against identified risks;\n(3) An allocation of responsibility for monitoring risks; and\n(4) Procedures for the periodic evaluation and revision of the policy's procedures, controls, monitoring, and other mechanisms.\nSource: SL 2026, ch 193, § 12.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-18. VIRTUAL CURRENCY KIOSKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-18-12","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"2f829ae7be027181ad60cc9b1afc9ec7f41db82d83ec757f8b21269027885e3c","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-18-11","next":"us-sd/sdcl-51a-18-13"},"notice":"GroundRules: Original legal text. Not legal advice."}