31 CFR 1010.410 - Records to be made and retained by financial institutions

Cite as31 CFR 1010.410
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45 practice notes
  • Introduction to the Unified Agenda of Federal Regulatory and Deregulatory Actions
    • United States
    • Federal Register February 13, 2012
    • February 13, 2012
    ...records to be made and retained by banks (31 CFR 1020.410 and 1010.430); records to be made and retained by financial institutions (31 CFR 1010.410 and 1010.430); purchases of bank checks and drafts, cashier's checks, money orders and traveler's checks (31 CFR 1010.415 and 1010.430); report......
  • Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers
    • United States
    • Federal Register September 01, 2015
    • September 1, 2015
    ...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 also could make the business ineligible for exemption......
  • Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator
    • United States
    • Federal Register August 25, 2016
    • August 25, 2016
    ...\19\ See 31 CFR 1010.306-315 (CTRs); 31 CFR 1020.320 (SAR rule for banks); 31 CFR 1010.410 (records to be made and retained by financial \20\ Private banks, trust companies, and credit unions are ``covered financial institutions'' for purposes of 31 CFR 1010.630 and 31 CFR 1010.670, regardl......
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...31 U.S.C. §§ 5313–5316 (authorizing record-keeping for f‌inancial institutions engaged in domestic and foreign transactions); 31 C.F.R. § 1010.410 (2018) (establishing record-keeping requirements for insured and uninsured f‌inancial institutions); see also VILLA, supra note 31, §§ 6.2–6.3 (......
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4 cases
  • Taft v. Agric. Bank of China Ltd., 15 Civ. 5321 (PAE)
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • January 6, 2016
    ...including “the development of internal policies, procedures, and controls”—and of the BSA's so-called “Travel Rule,” codified at 31 C.F.R. § 1010.410(f) (formerly 31 C.F.R. § 103.33(g) )—which requires, inter alia , an intermediary financial institution to provide certain information regard......
  • Greene v. Mizuho Bank, Ltd., 14 C 1437
    • United States
    • U.S. District Court — Northern District of Illinois
    • March 14, 2016
    ...it was given Lack's California address. Doc. 146 at ¶ 57; Doc. 151 at 6, 8 & n.6 (citing 31 C.F.R. § 103.33(g)(1), recodified at 31 C.F.R. § 1010.410(f)(1), for the proposition that “banking regulations required customer addresses to be included on all international wire transfers”); see T ......
  • Taft v. Agric. Bank of China Ltd., 15 Civ. 5321 (PAE)
    • United States
    • United States District Courts. 2nd Circuit. United States District Courts. 2nd Circuit. Southern District of New York
    • May 12, 2016
    ...to convey the same information in any corresponding transmittal order if received from the transmittor's financial institution. See 31 C.F.R. § 1010.410(f). Without such customer-identifying information, Taft alleges, her Compliance Department "was unable to properly screen and monitor appr......
  • Kuceba v. Kuceba, No. 2-17-0622
    • United States
    • United States Appellate Court of Illinois
    • March 6, 2019
    ...it was not possible that her bank did not have the records, as federal regulations require banks to retain records for five years. See 31 C.F.R. § 1010.410 (2016); 31 C.F.R. § 1010.430 (2016).Page 20 ¶ 55 Arthur recognizes that it was the trial court's role, as the trier of fact, to make cr......
21 firm's commentaries
2 books & journal articles
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • July 1, 2021
    ...31 U.S.C. §§ 5313–5316 (authorizing record-keeping for f‌inancial institutions engaged in domestic and foreign transactions); 31 C.F.R. § 1010.410 (2018) (establishing record-keeping requirements for insured and uninsured f‌inancial institutions); see also VILLA, supra note 31, §§ 6.2–6.3 (......
  • 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
    ...a relationship ends; FIs must maintain currency transaction report (CTR) and SAR documents for five years after filing a report. BSA, 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. K......

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