31 C.F.R. §1020.315 - Transactions of exempt persons
| Cite as | 31 C.F.R. §1020.315 |
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4 firm's commentaries
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FinCEN Guidance On Bank Secrecy Act Expectations Regarding Marijuana-Related Businesses
...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.......
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Pumping the Brakes: FinCEN Reopens Comment Period for Controversial Crypto Reporting & Recordkeeping Rules
...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......
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Banking and the Marijuana Industry
...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......
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Banking and the Marijuana Industry
...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
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FINANCIAL INSTITUTIONS FRAUD
...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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Financial institutions fraud.
...(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......