Bank Secrecy Act (31 U.S.C.) § 5325 — Identification required to purchase certain monetary instruments

bsa-31usc-5325

Bank Secrecy Act (31 U.S.C.), §5325 Identification required to purchase certain monetary instruments. Captured section-complete from uscode.house.gov (verbatim).

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Verbatim regulatory text (4)

Verbatim provisions from Bank Secrecy Act (31 U.S.C.) § 5325 — Identification required to purchase certain monetary instruments — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

31 U.S.C. §5325(a)

(a) In General.—No financial institution may issue or sell a bank check, cashier’s check, traveler’s check, or money order to any individual in connection with a transaction or group of such contemporaneous transactions which involves United States coins or currency (or such other monetary instruments as the Secretary may prescribe) in amounts or denominations of $3,000 or more unless— (1) the individual has a transaction account with such financial institution and the financial institution— (A) verifies that fact through a signature card or other information maintained by such institution in connection with the account of such individual; and (B) records the method of verification in accordance with regulations which the Secretary of the Treasury shall prescribe; or (2) the individual furnishes the financial institution with such forms of identification as the Secretary of the Treasury may require in regulations which the Secretary shall prescribe and the financial institution verifies and records such information in accordance with regulations which such Secretary shall prescribe.

Source: Bank Secrecy Act (31 U.S.C.) § 5325 · source URL · snapshot 5416c5a5e7e26007

31 U.S.C. §5325(b)

(b) Report to Secretary Upon Request.—Any information required to be recorded by any financial institution under paragraph (1) or (2) of subsection (a) shall be reported by such institution to the Secretary of the Treasury at the request of such Secretary.

Source: Bank Secrecy Act (31 U.S.C.) § 5325 · source URL · snapshot 5416c5a5e7e26007

31 U.S.C. §5325(c)

(c) Transaction Account Defined.—For purposes of this section, the term “transaction account” has the meaning given to such term in section 19(b)(1)(C) of the Federal Reserve Act.

Source: Bank Secrecy Act (31 U.S.C.) § 5325 · source URL · snapshot 5416c5a5e7e26007

31 U.S.C. §5325 note — source credit and editorial notes (not statute text)

(Added Pub. L. 100–690, title VI, § 6185(b), Nov. 18, 1988, 102 Stat. 4355.)

Source: 31 U.S.C. §5325 note — source credit and editorial notes (not statute text) · source URL · snapshot 5416c5a5e7e26007

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Source of record: https://claudeforcompliance.com/regs/bsa-31usc-5325/ · register bsa-31usc-5325 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.