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Mo. Rev. Stat. § 361.1023

Criminal penalties

Known as the Money Transmission Modernization Act

The act spans §§ 361–361 (125 sections).

Effective: 28 Aug 2024; (L. 2024 S.B. 1359)

1. A person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under sections 361.900 to 361.1035 or that intentionally makes a false entry or omits a material entry in such a record is guilty of a class E felony.

2. A person that knowingly engages in an activity for which a license is required under sections 361.900 to 361.1035 without being licensed under sections 361.900 to 361.1035 and that receives more than five hundred dollars in compensation within a thirty-day period for this activity is guilty of a class E felony.

3. A person that knowingly engages in an activity for which a license is required under sections 361.900 to 361.1035 without being licensed under sections 361.900 to 361.1035 and that receives no more than five hundred dollars in compensation within a thirty-day period for this activity is guilty of a class A misdemeanor.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.