CA AB1525

Requires money transmission licensees to provide training materials to all agents on recognizing elder or dependent adult financial abuse, with initial provision by April 1, 2013 and annually thereafter.

Mandates training materials address how agents should respond if they suspect money transmission is being used for fraudulent transactions involving elders or dependent adults.

Requires newly appointed agents to receive training materials no later than one month following their appointment by the licensee.

Exempts licensees engaged solely in selling or issuing stored value, and exempts licensees that offer services exclusively via the Internet.

Applies only to specified money transmission activities under the Money Transmission Act, with limited exemptions for certain service categories.