TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 120 CURRENCY EXCHANGE ACT
SECTION 120.10 MINIMUM REQUIREMENTS FOR OFFICE RECORDS - COMMUNITY CURRENCY EXCHANGES


 

Section 120.10  Minimum Requirements for Office Records − Community Currency Exchanges

 

Every licensed location must maintain the following records in any medium or format that accurately reproduces original documents or papers:

 

a)         Daily cash sheets (see Section 120.30) must be maintained on premises for 90 days after the date of the daily cash sheet.

 

b)         Bank statements.

 

c)         Money order register (see Section 120.50) or carbonized copy of money order stating original issue amount.

 

d)         General ledger and supporting journals.

 

e)         Copy of the latest Annual Report filed with the Department.

 

f)         Transmittal record for utility bills, vehicle licenses, certificates of title, vehicle stickers, stored value cards, and any other type of transmittal made for the benefit of a third party.

 

g)         Record of daily transactions.

 

h)         Check register (see Section 120.40).

 

i)          Corporate records.

 

j)          Copies of all contracts and business agreements entered into by the currency exchange.

 

(Source:  Amended at 41 Ill. Reg. 12387, effective October 6, 2017)