2910.5. Financial Crimes Regulatory Finding and Definition.
(a) Pursuant to Business and Professions Code Section 480(a)(1)(B), the Department finds that financial crimes
currently classified as a felony and described by the following definition are directly and adversely related to the
fiduciary qualifications, functions, or duties of a licensee.
(b) A financial crime, as referenced in Business and Professions Code Section 480(a)(1)(B), is any crime where the
applicant did one or more of the following in the commission of a criminal offense:
(1) Obtained money, property, or services.
(2) Deprived their victim of money, property, or services.
(3) Engaged in acts involving mishandling of money, property, or services, including but not limited to money
laundering.
(4) Committed an act of fraud, dishonesty, a breach of trust, or money laundering, as those terms are referenced in
the United States Code Service at Title 12, Section 5104(b)(2)(B).