Bank Secrecy Act (31 U.S.C.) § 5331 — Reports relating to coins and currency received in nonfinancial trade or business

bsa-31usc-5331

Bank Secrecy Act (31 U.S.C.), §5331 Reports relating to coins and currency received in nonfinancial trade or business. Captured section-complete from Cornell LII (verbatim).

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Verbatim regulatory text (5)

Verbatim provisions from Bank Secrecy Act (31 U.S.C.) § 5331 — Reports relating to coins and currency received in nonfinancial trade or business — 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. §5331(a)

(a) Coin and Currency Receipts of More Than $10,000.—Any person— (1) (A) who is engaged in a trade or business, and (B) who, in the course of such trade or business, receives more than $10,000 in coins or currency in 1 transaction (or 2 or more related transactions), or (2) who is required to file a report under section 6050I(g) of the Internal Revenue Code of 1986, shall file a report described in subsection (b) with respect to such transaction (or related transactions) with the Financial Crimes Enforcement Network at such time and in such manner as the Secretary may, by regulation, prescribe.

Source: Bank Secrecy Act (31 U.S.C.) § 5331 · source URL · snapshot fd072d100d0aa8c1

31 U.S.C. §5331(b)

(b) Form and Manner of Reports.—A report is described in this subsection if such report— (1) is in such form as the Secretary may prescribe; (2) contains— (A) the name and address, and such other identification information as the Secretary may require, of the person from whom the coins or currency was received; (B) the amount of coins or currency received; (C) the date and nature of the transaction; and (D) such other information, including the identification of the person filing the report, as the Secretary may prescribe.

Source: Bank Secrecy Act (31 U.S.C.) § 5331 · source URL · snapshot fd072d100d0aa8c1

31 U.S.C. §5331(c)

(c) Exceptions.— (1) Amounts received by financial institutions.—Subsection (a) shall not apply to amounts received in a transaction reported under section 5313 and regulations prescribed under such section. (2) Transactions occurring outside the united states.—Except to the extent provided in regulations prescribed by the Secretary, subsection (a) shall not apply to any transaction if the entire transaction occurs outside the United States.

Source: Bank Secrecy Act (31 U.S.C.) § 5331 · source URL · snapshot fd072d100d0aa8c1

31 U.S.C. §5331(d)

(d) Currency Includes Foreign Currency and Certain Monetary Instruments.— (1) In general.—For purposes of this section, the term “currency” includes— (A) foreign currency; and (B) to the extent provided in regulations prescribed by the Secretary, any monetary instrument (whether or not in bearer form) with a face amount of not more than $10,000. (2) Scope of application.—Paragraph (1)(B) shall not apply to any check drawn on the account of the writer in a financial institution referred to in subparagraph (A), (B), (C), (D), (E), (F), (G), (J), (K), (R), or (S) of section 5312(a)(2).

Source: Bank Secrecy Act (31 U.S.C.) § 5331 · source URL · snapshot fd072d100d0aa8c1

31 U.S.C. §5331 note — source credit and editorial notes (not statute text)

(Added Pub. L. 107–56, title III, § 365(a), Oct. 26, 2001, 115 Stat. 333; amended Pub. L. 112–74, div. C, title I, § 120, Dec. 23, 2011, 125 Stat. 891.)

Source: 31 U.S.C. §5331 note — source credit and editorial notes (not statute text) · source URL · snapshot fd072d100d0aa8c1

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Source of record: https://claudeforcompliance.com/regs/bsa-31usc-5331/ · register bsa-31usc-5331 · 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.