Bank Secrecy Act (31 U.S.C.) § 5326 — Records of certain domestic transactions

bsa-31usc-5326

Bank Secrecy Act (31 U.S.C.), §5326 Records of certain domestic transactions. Captured section-complete from uscode.house.gov (verbatim).

This register: .xlsx .csv

Verbatim regulatory text (5)

Verbatim provisions from Bank Secrecy Act (31 U.S.C.) § 5326 — Records of certain domestic transactions — 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. §5326(a)

(a) In General.—If the Secretary of the Treasury finds, upon the Secretary’s own initiative or at the request of an appropriate Federal or State law enforcement official, that reasonable grounds exist for concluding that additional recordkeeping and reporting requirements are necessary to carry out the purposes of this subtitle or to prevent evasions thereof, the Secretary may issue an order requiring any domestic financial institution or nonfinancial trade or business or group of domestic financial institutions or nonfinancial trades or businesses in a geographic area— (1) to obtain such information as the Secretary may describe in such order concerning— (A) any transaction in which such financial institution or nonfinancial trade or business is involved for the payment, receipt, or transfer of funds (as the Secretary may describe in such order), the total amounts or denominations of which are equal to or greater than an amount which the Secretary may prescribe; and (B) any other person participating in such transaction; (2) to maintain a record of such information for such period of time as the Secretary may require; and (3) to file a report with respect to any transaction described in paragraph (1)(A) in the manner and to the extent specified in the order.

Source: Bank Secrecy Act (31 U.S.C.) § 5326 · source URL · snapshot 2bc7ccbc82bf2149

31 U.S.C. §5326(b)

(b) Authority To Order Depository Institutions To Obtain Reports From Customers.— (1) In general.—The Secretary of the Treasury may, by regulation or order, require any depository institution (as defined in section 3(c) of the Federal Deposit Insurance Act)— (A) to request any financial institution or nonfinancial trade or business (other than a depository institution) which engages in any reportable transaction with the depository institution to provide the depository institution with a copy of any report filed by the financial institution or nonfinancial trade or business under this subtitle with respect to any prior transaction (between such financial institution or nonfinancial trade or business and any other person) which involved any portion of the funds which are involved in the reportable transaction with the depository institution; and (B) if no copy of any report described in subparagraph (A) is received by the depository institution in connection with any reportable transaction to which such subparagraph applies, to submit (in addition to any report required under this subtitle with respect to the reportable transaction) a written notice to the Secretary that the financial institution or nonfinancial trade or business failed to provide any copy of such report. (2) Reportable transaction defined.—For purposes of this subsection, the term “reportable transaction” means any transaction involving funds (as the Secretary may describe in the regulation or order) the total amounts or denominations of which are equal to or greater than an amount which the Secretary may prescribe.

Source: Bank Secrecy Act (31 U.S.C.) § 5326 · source URL · snapshot 2bc7ccbc82bf2149

31 U.S.C. §5326(c)

(c) Nondisclosure of Orders.—No financial institution or nonfinancial trade or business or officer, director, employee or agent of a financial institution or nonfinancial trade or business subject to an order under this section may disclose the existence of, or terms of, the order to any person except as prescribed by the Secretary.

Source: Bank Secrecy Act (31 U.S.C.) § 5326 · source URL · snapshot 2bc7ccbc82bf2149

31 U.S.C. §5326(d)

(d) Maximum Effective Period for Order.—No order issued under subsection (a) shall be effective for more than 180 days unless renewed pursuant to the requirements of subsection (a).

Source: Bank Secrecy Act (31 U.S.C.) § 5326 · source URL · snapshot 2bc7ccbc82bf2149

31 U.S.C. §5326 note — source credit and editorial notes (not statute text)

(Added Pub. L. 100–690, title VI, § 6185(c), Nov. 18, 1988, 102 Stat. 4355; amended Pub. L. 102–550, title XV, §§ 1514, 1562, Oct. 28, 1992, 106 Stat. 4058, 4072; Pub. L. 107–56, title III, §§ 353(d), 365(c)(2)(B), Oct. 26, 2001, 115 Stat. 323, 335; Pub. L. 115–44, title II, § 275(a), Aug. 2, 2017, 131 Stat. 938.)

Source: 31 U.S.C. §5326 note — source credit and editorial notes (not statute text) · source URL · snapshot 2bc7ccbc82bf2149

Get this regulation in your AI window

Put the verbatim text and its effective date in front of your assistant, instead of whatever it remembers.

Open in Claude Open in ChatGPT

Open in Claude shows the one-time setup: paste one address, no account with us. Open in ChatGPT asks ChatGPT about this page, with no setup. Either way it’s free.

Get notified if this rule changes

One email when Bank Secrecy Act (31 U.S.C.) § 5326 — Records of certain domestic transactions changes: what changed, the new verbatim text, and the effective date. Nothing else.

Double opt-in: we send a confirmation link first. Following one section does not subscribe you to anything else. Privacy.

Source of record: https://claudeforcompliance.com/regs/bsa-31usc-5326/ · register bsa-31usc-5326 · 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.