Haw. Code R. § 16-24-15 - Criteria for proposed money transmitters
Criteria applied by the commissioner in investigating an applicant for a money transmitter's license may include, but are not limited to:
(1) General character of
management. This may include an evaluation of management's current and past
business experience; financial resources and interests; and the allocation of
proposed duties and responsibilities in relation to prior business experience
and capabilities.
(2) Financial
history and condition. This may include a review, if requested, of pro forma
statements, a schedule and appraisal of assets, and an evaluation of the
applicant's net worth relative to its volume of business.
Notes
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