31 CFR 1010.100 - General definitions

Cite as31 CFR 1010.100
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218 practice notes
  • Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)
    • United States
    • Federal Register November 22, 2016
    • 22 November 2016
    ...a ``prepaid program'' is defined as an ``arrangement under which one or more persons acting together provide(s) prepaid access.'' 31 CFR 1010.100(ff)(4)(iii). The term ``prepaid access'' is defined as ``access to funds or the value of funds that have been paid in advance and can be retrieve......
  • Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Housing Government Sponsored Enterprises
    • United States
    • Federal Register February 25, 2014
    • 25 February 2014
    ...1957, 18 U.S.C. 1960, and 31 U.S.C. 5311- 5314 and 5316-5332 and notes thereto, with implementing regulations at 31 CFR Chapter X. See 31 CFR 1010.100(e). \2\ 31 U.S.C. \3\ Treasury Order 180-01 (Sept. 26, 2002). \4\ 31 U.S.C. 5318(g)(1) and 5318(h)(2). 31 U.S.C. 5318(g) was added to the BS......
  • Crowdfunding
    • United States
    • Federal Register November 05, 2013
    • 5 November 2013
    ...laundering (``AML'') provisions thereunder.\562\ --------------------------------------------------------------------------- \562\ See 31 CFR 1010.100(h) and 1023.100(b) (defining broker or dealer for purposes of the applicability of AML requirements). See Currency and Foreign Transactions ......
  • Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers
    • United States
    • Federal Register September 01, 2015
    • 1 September 2015
    ...1829b, 12 U.S.C. 1951-1959, 31 U.S.C. 5311-5314 and 5316-5332 and notes thereto, with implementing regulations at 31 CFR chapter X. See 31 CFR 1010.100(e). \2\ Treasury Order 180-01 (Sept. 26, \1\ 31 U.S.C. 5311. \2\ 31 U.S.C. 5318(g) and (h). -----------------------------------------------......
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51 cases
  • United States v. Goldsmith, Case No.: 3:20-cv-00087-BEN-KSC
    • United States
    • United States District Courts. 9th Circuit. United States District Court (Southern District of California)
    • 25 May 2021
    .... . . money laundering and the financing of terrorism." 31 U.S.C. § 5311(2). Under the Act's implementing federal regulations, 31 C.F.R. § 1010.100, et seq., every U.S. "person having a financial interest in, or signature authority over, a bank, securities, or other financial account in a f......
  • United States v. Harmon, Criminal Action No. 19-395 (BAH)
    • United States
    • United States District Courts. United States District Court (Columbia)
    • 24 July 2020
    ...an electronic funds transfer network; or an informal value transfer system; or(B) Any other person engaged in the transfer of funds. 31 C.F.R. § 1010.100(ff)(5)(1)(A) (emphasis added).Interpreting these definitions of "money transmitting," 18 U.S.C. § 1960(b)(2), "money transmitting busines......
  • 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
    • 30 March 2015
    ...at any single financial institution on any single day in order to constitute structuring within the meaning of this definition.31 C.F.R. § 1010.100(xx ). Thus, to prove a criminal violation of § 5324(a), the government must prove “ ‘only that a defendant had knowledge of the reporting requi......
  • United States v. Murgio, 15-cr-769 (AJN)
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • 19 September 2016
    ...and one of the Treasury Department's implementing regulations outlines when a business qualifies as a "money transmitter." See 31 C.F.R. § 1010.100(ff)(5). Under that regulation, an entity is a "money transmitter" if it accepts "currency, funds, or other value that substitutes for currency ......
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90 firm's commentaries
4 books & journal articles
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • 1 July 2021
    ...J. INT’L L. 77 (2000) (discussing the potential use of internet casinos in money laundering and possible government responses). 259. 31 C.F.R. § 1010.100(t)(5)(i) (stating that f‌inancial institutions include casinos licensed to do business in the United States—including those operating on ......
  • The Nature of the Form: Legal and Regulatory Issues Surrounding the Bitcoin Digital Currency System
    • United States
    • Louisiana Law Review Nbr. 73-4, July 2013
    • 1 July 2013
    ...MONEY (Sept. 7, 2011), http://www.bitcoinmoney.com/post/9913036774/paul-krugman-bitcoin-op-ed. See discussion supra Part III.A. 207. 31 C.F.R. § 1010.100(ff) (2011). Money service businesses need not actually be “organized or licensed business concern[s].” Id. 208. 31 C.F.R. § 1010.100(ff)(......
  • New kinds of exchange
    • United States
    • Practicing Law in the Sharing Economy: Helping People Build Cooperatives, Social Enterprise, and Local Sustainable Economies
    • 1 August 2012
    ...Approach to Cyber-Laundering, 54 Case W. Res. L. Rev. 1389, 1391 (2004). 46. Grinberg, supra note 39, at 205 n.211 (summarizing 31 C.F.R. § 1010.100(ff)). ors85462_05_c05_259-298.indd 285 ors85462_05_c05_259-298.indd 285 8/1/12 9:43 8/1/12 9:43 AM 286 | Practicing Law in the Sharing Economy......
  • FBAR: handle with care.
    • United States
    • The Tax Adviser Vol. 43 Nbr. 5, May 2012
    • 1 May 2012
    ...of currency and nonmonetary assets in the account at any time during the year (id.). (14.) Form TD F 90-22.1 instructions. (15.) 31 C.F.R. 1010.100(v). (16.) This caution also applies to FATCA, discussed under "Future Outlook" on p. 339. (17.) Included within this term are savings deposits,......
2 provisions
  • Chapter 61, SF 40 – Wyoming Money Transmitters Act-amendments
    • United States
    • Wyoming Session Laws
    • 1 January 2021
    ...one (1) or more persons, whether or not the instrument is negotiable. "Payment instrument" shall include prepaid access as defined in 31 C.F.R. 1010.100(ww). For purposes of this act, stored value shall be deemed equivalent to prepaid access. The term "payment instrument" does not include a......
  • Chapter 52, SF 46 – Wyoming Money Transmitters Act-exemption
    • United States
    • Wyoming Session Laws
    • 1 January 2020
    ...engaged in the business of money transmission under this act that does not meet the definition of a money services business under 31 C.F.R. 1010.100(ff), as amended as of January 1, Section 2. This act is effective immediately upon completion of all acts necessary for a bill to become law a......

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