The bill, S. 572, is a joint resolution introduced in the South Carolina Senate to approve regulations related to Money Services, specifically designated as Regulation Document Number 5363. This resolution is in accordance with Article 1, Chapter 23, Title 1 of the South Carolina Code of Laws. The resolution states that the regulations submitted by the Attorney General are approved and will take effect upon the Governor's approval.

Additionally, the Office of the Attorney General is proposing to repeal certain regulations that were previously adopted under the South Carolina Anti-Money Laundering Act, as these regulations are now deemed unnecessary following the adoption of the amended South Carolina Money Services Act. The Notice of Drafting for this regulation was published on September 27, 2024, indicating the legislative process leading to this resolution.