31 CFR 1010.311 - Filing obligations for reports of transactions in currency

Cite as31 CFR 1010.311
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62 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
    ...retention, and transmittal of 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 busines......
  • United States v. Witham, No. 10–1814.
    • United States
    • United States Courts of Appeals. United States Court of Appeals (1st Circuit)
    • June 8, 2011
    ...that would trigger financial institutions' reporting requirements under the Bank Secrecy [648 F.3d 42] Act. See 31 U.S.C. § 5313(a); 31 C.F.R. 1010.311. Witham pled guilty on May 23, 2000 to one count of conspiring to defraud the United States and to structure transactions to evade reportin......
  • United States v. $134,972.34 Seized from FNB Bank, Civil Action No. CV–15–S–6–NE.
    • United States
    • United States District Courts. 11th Circuit. United States District Court of Northern District of Alabama
    • March 30, 2015
    ...financial institutions to report to the Internal Revenue Service any withdrawals that exceed $10,000. See 31 U.S.C. § 5313(a) ; 31 C.F.R. § 1010.311.19 The crime of structuring currency transactions occurs when an individual “break[s] up a single transaction above the reporting threshold in......
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...or any of these markets’ subsidiaries.323 Banks also do not have to report payroll 314. 31 U.S.C. §§ 5311–5330. 315. Id. § 5313; 31 C.F.R. § 1010.311 (setting $10,000 as the amount or denomination that the Secretary prescribes pursuant to 31 U.S.C. § 5313). 316. See 31 C.F.R. § 1010.311 (de......
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46 cases
  • United States v. Witham, No. 10–1814.
    • United States
    • United States Courts of Appeals. United States Court of Appeals (1st Circuit)
    • June 8, 2011
    ...that would trigger financial institutions' reporting requirements under the Bank Secrecy [648 F.3d 42] Act. See 31 U.S.C. § 5313(a); 31 C.F.R. 1010.311. Witham pled guilty on May 23, 2000 to one count of conspiring to defraud the United States and to structure transactions to evade reportin......
  • United States v. $134,972.34 Seized from FNB Bank, Civil Action No. CV–15–S–6–NE.
    • United States
    • United States District Courts. 11th Circuit. United States District Court of Northern District of Alabama
    • March 30, 2015
    ...financial institutions to report to the Internal Revenue Service any withdrawals that exceed $10,000. See 31 U.S.C. § 5313(a) ; 31 C.F.R. § 1010.311.19 The crime of structuring currency transactions occurs when an individual “break[s] up a single transaction above the reporting threshold in......
  • United States v. Taylor, No. 14–360–CR.
    • United States
    • U.S. Court of Appeals — Second Circuit
    • March 2, 2016
    ...they are involved 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 r......
  • United States v. $134,972.34 Seized from FNB Bank, Civil Action No. CV-15-S-6-NE
    • United States
    • United States District Courts. 11th Circuit. United States District Court of Northern District of Alabama
    • March 30, 2015
    ...require financial institutions to report to the Internal Revenue Service any withdrawals that exceed $10,000. See 31 U.S.C. § 5313(a); 31 C.F.R. § 1010.311.19 The crime of structuring currency transactions occurs when an individual "break[s] up a single transaction above the reporting thres......
  • Request a trial to view additional results
5 firm's commentaries
3 books & journal articles
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...or any of these markets’ subsidiaries.323 Banks also do not have to report payroll 314. 31 U.S.C. §§ 5311–5330. 315. Id. § 5313; 31 C.F.R. § 1010.311 (setting $10,000 as the amount or denomination that the Secretary prescribes pursuant to 31 U.S.C. § 5313). 316. See 31 C.F.R. § 1010.311 (de......
  • Smokin' Hot: Ethical Issues for Lawyers Advising Business Clients in States with Legalized Medical or Recreational Marijuana
    • United States
    • Louisiana Law Review Nbr. 79-3, April 2019
    • April 1, 2019
    ...erence-guide#introduction [https://perma.cc/PRL3-TM3V] (last visited Feb. 8, 2019). 93. Id. 94. Id. 95. 31 C.F.R. § 1010.311. 96. Id. § 1010.100(xx). 97. 12 U.S.C. § 1956 (2018). 660 LOUISIANA LAW REVIEW [Vol. 79 The United States Department of the Treasury, in its FinCEN98 guidance, does n......
  • Sustaining the Growth of Mobile Money Services in Developing Nations: Lessons from Overregulation in the United States.
    • United States
    • Vanderbilt Journal of Transnational Law Vol. 51 Nbr. 4, October 2018
    • October 1, 2018
    ...31 C.F.R. 1010.410(a)(4); 1010.430; 1010.306(a)(2). Reportable FIs must report CTRs over $10,000 in one business day. Transactions BSA. 31 C.F.R. 1010.311. KYC: Customer FIs must gather and verify their customer's Identification identification before opening an account. PATRIOT Act Program ......

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