AK SB152

Requires money services licensees and currency exchange licensees to register with the Nationwide Multistate Licensing System and Registry and maintain a valid unique identifier.

Establishes surety bond requirements of $25,000 to $1,000,000 for money transmission and currency exchange licenses, covering claims for at least five years after licensee stops providing services.

Authorizes money services licensees to contract with other licensees to use existing authorized delegates as subdelegates to load funds onto open-loop stored-value cards.

Increases record retention requirements from three years to five years for payment instruments and stored-value obligations, and extends reporting deadlines for material events to one business day.

Adds comprehensive definitions and compliance requirements for virtual currency business activities and expands exemptions to include insurance companies, title insurance companies, and attorneys conducting money transmission or currency exchange as ancillary services.