31 CFR 1020.315 - Transactions of exempt persons

Cite as31 CFR 1020.315
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14 practice notes
  • Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers
    • United States
    • Federal Register September 01, 2015
    • 1 Septiembre 2015
    ...business as a financial institution also could make the business ineligible for exemption from the requirement to file CTRs. See, e.g., 31 CFR 1020.315(e)(8). \32\ See infra Section \33\ See 31 CFR 1010.410 and 1010.430. The recordkeeping, transmittal of records, and retention requirements ......
  • Financial institutions fraud.
    • United States
    • American Criminal Law Review Vol. 49 Nbr. 2, March 2012
    • 22 Marzo 2012
    ...(303.) Id. [section] 1020.315(b)(2) (exempting any department, agency or entity of the United States or of any State). (304.) 31 C.F.R. 1020.315(b)(4) (2011) (exempting to the extent of its domestic operations any financial institution, other than a bank, whose stock is listed on one of the......
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • 1 Julio 2021
    ...to avoid reporting requirements, even though the bank reported the aggregate transactions as exceeding the $10,000 threshold). 320. 31 C.F.R. § 1020.315 (def‌ining the general exemption). 321. Id. § 1020.315(b)(1) (exempting banks from the reporting requirement when the transaction is with ......
  • Amendment to the Bank Secrecy Act Regulations-Exemption From the Requirement To Report Transactions in Currency
    • United States
    • Federal Register June 07, 2012
    • 7 Junio 2012
    ...----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 31 CFR Part 1020 RIN Amendment to the Bank Secrecy Act Regulations--Exemption From the Requirement To Report Transactions in Currency AGENCY: Financial Cri......
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4 firm's commentaries
  • FinCEN Guidance On Bank Secrecy Act Expectations Regarding Marijuana-Related Businesses
    • United States
    • JD Supra United States
    • 14 Febrero 2014
    ...Received in a Trade or Business). A business engaged in marijuana-related activity may not be treated as a non-listed business under 31 C.F.R. § 1020.315(e)(8), and therefore, is not eligible for consideration for an exemption with respect to a bank’s CTR obligations under 31 C.F.R. § 1020.......
  • Pumping the Brakes: FinCEN Reopens Comment Period for Controversial Crypto Reporting & Recordkeeping Rules
    • United States
    • JD Supra United States
    • 18 Enero 2021
    ...Convertible Virtual Currency or Digital Assets (Jan. 4, 2021), https://beta.regulations.gov/comment/FINCEN-2020-0020-6014. [xxii] 31 C.F.R. § 1020.315(b)(4). [xxiii] 31 U.S.C. § [xxiv] Nikhilish De, US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs, CoinDesk (Dec. 9, 2......
  • Banking and the Marijuana Industry
    • United States
    • LexBlog United States
    • 11 Julio 2017
    ...Marijuana-related activity is not eligible for consideration for an exemption of currency transaction report obligations under 31 C.F.R. § 1020.315(b)(6), as it may not be treated as a non-listed business under 31 C.F.R. § 1020.315(e)(8). The Regime in Action Last month, FinCEN issued an up......
  • Banking and the Marijuana Industry
    • United States
    • JD Supra United States
    • 11 Julio 2017
    ...Marijuana-related activity is not eligible for consideration for an exemption of currency transaction report obligations under 31 C.F.R. § 1020.315(b)(6), as it may not be treated as a non-listed business under 31 C.F.R. § The Regime in Action Last month, FinCEN issued an update on Marijuan......
2 books & journal articles
  • Financial institutions fraud.
    • United States
    • American Criminal Law Review Vol. 49 Nbr. 2, March 2012
    • 22 Marzo 2012
    ...(303.) Id. [section] 1020.315(b)(2) (exempting any department, agency or entity of the United States or of any State). (304.) 31 C.F.R. 1020.315(b)(4) (2011) (exempting to the extent of its domestic operations any financial institution, other than a bank, whose stock is listed on one of the......
  • FINANCIAL INSTITUTIONS FRAUD
    • United States
    • American Criminal Law Review Nbr. 58-3, July 2021
    • 1 Julio 2021
    ...to avoid reporting requirements, even though the bank reported the aggregate transactions as exceeding the $10,000 threshold). 320. 31 C.F.R. § 1020.315 (def‌ining the general exemption). 321. Id. § 1020.315(b)(1) (exempting banks from the reporting requirement when the transaction is with ......

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