Wire transmitter fees; fee amount; effective date.

HB 1454 increases fees for money transfer businesses (like Western Union) in Oklahoma. It requires a $10 fee per transaction under $500, plus 2% of amounts over $500, with fees paid quarterly to the Oklahoma Tax Commission. The revenue funds the Drug Money Laundering and Wire Transmitter Revolving Fund, and businesses must inform customers they can claim a tax credit for the fee paid. Non-compliance risks license suspension, enforced by the Tax Commission with support from the State Bureau of Narcotics. The bill takes effect November 1, 2025.