31 CFR 1010.313 - Aggregation

Cite as31 CFR 1010.313
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12 practice notes
  • Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers
    • United States
    • Federal Register September 01, 2015
    • September 1, 2015
    ...records or information on transmittals of funds and other specified transactions. See 31 CFR 1010.310; 31 CFR 1010.311; 31 CFR 1010.312; 31 CFR 1010.313; 31 CFR 1010.314; 31 CFR 1010.315; 31 CFR 1010.410; 31 CFR 1010.415; and 31 CFR 1010.430. Defining a business as a financial institution a......
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...31 C.F.R. § 1010.311; see also VILLA, supra note 31, §§ 6.38–6.41 (discussing elements of a violation of 31 U.S.C. § 5313). 319. 31 C.F.R. § 1010.313(b) (“[M]ultiple currency transactions shall be treated as a single transaction if the f‌inancial institution has knowledge that they are by o......
  • United States v. Taylor, No. 14–360–CR.
    • United States
    • U.S. Court of Appeals — Second Circuit
    • March 2, 2016
    ...in transactions for the exchange of currency exceeding $10,000 during one business day.7 See 31 U.S.C. § 5313(a); 31 C.F.R. §§ 1010.311, 1010.313(b). Section 5324 of the same subchapter makes it a crime to cause, or attempt to cause, a financial institution to not file a required CTR. 31 U.......
  • Customer Due Diligence Requirements for Financial Institutions
    • United States
    • Federal Register May 11, 2016
    • May 11, 2016
    ...a SAR about the transactions would be appropriate. --------------------------------------------------------------------------- \50\ See 31 CFR 1010.313; FinCEN, Currency Transaction Report Aggregation for Businesses with Common Ownership FIN-2012-G001, (Mar. 16, 2012) (FIN-2012-G001); FinCE......
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8 cases
  • United States v. Taylor, No. 14–360–CR.
    • United States
    • U.S. Court of Appeals — Second Circuit
    • March 2, 2016
    ...in transactions for the exchange of currency exceeding $10,000 during one business day.7 See 31 U.S.C. § 5313(a); 31 C.F.R. §§ 1010.311, 1010.313(b). Section 5324 of the same subchapter makes it a crime to cause, or attempt to cause, a financial institution to not file a required CTR. 31 U.......
  • United States v. Souza, No. 12–1949.
    • United States
    • United States Courts of Appeals. United States Court of Appeals (1st Circuit)
    • April 18, 2014
    ...§ 5313(a); 31 C.F.R. § 1010.311. For purposes of reporting, banks aggregate an individual's daily transactions across all branches. 31 C.F.R. § 1010.313(b). Thus, Sovereign treated Souza's six June 15 withdrawals as one $54,000 withdrawal and filed a report. Souza was charged with structuri......
  • United States v. $25,846.96, No. 6:12–CV–1837–LSC.
    • United States
    • United States District Courts. 11th Circuit. United States District Court of Northern District of Alabama
    • March 6, 2013
    ...cash transactions occurring during one business day—exceeding ten thousand dollars. 31 U.S.C. § 5313(a); 31 C.F.R. § 1010.311; 31 C.F.R. § 1010.313. Structuring is the act of conducting, or attempting to conduct, “one or more transactions in currency, in any amount, at one or more financial......
  • United States v. $134,750 U.S. Currency, No. 12-1633
    • United States
    • United States Courts of Appeals. United States Court of Appeals (4th Circuit)
    • July 24, 2013
    ...day that total more than $10,000, as long as the bank has knowledge that the transactions are by or on behalf of the same person. 31 C.F.R. § 1010.313(b).2 It is a violation of federal law for any person "to structure . . . any transaction with one or more domestic financial institutions" f......
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1 books & journal articles
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...31 C.F.R. § 1010.311; see also VILLA, supra note 31, §§ 6.38–6.41 (discussing elements of a violation of 31 U.S.C. § 5313). 319. 31 C.F.R. § 1010.313(b) (“[M]ultiple currency transactions shall be treated as a single transaction if the f‌inancial institution has knowledge that they are by o......

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