§ 5331. Reports relating to coins and currency received in nonfinancial trade or business

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2001

   International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001

   Pub. L. 107–56 title III § 365(a) · 115 Stat. 272

   Enacted · 31 U.S.C. § 5331

   Added Pub. L. 107–56, title III, § 365(a), Oct. 26, 2001, 115 Stat. 333

   Source evidence

   Code source credit
   Added Pub. L. 107–56, title III, § 365(a), Oct. 26, 2001, 115 Stat. 333

   Enacted provision · exact public law section
   (a) Reports Required.— Subchapter II of chapter 53 of title 31, United States Code, is amended by adding at the end the following new section: § 5331. Reports relating to coins and currency received in nonfinancial trade or business “(a) Coin and Currency Receipts of More Than $10,000.— Any person— “(1) who is engaged in a trade or business; and “(2) who, in the course of such trade or business, receives more than $10,000 in coins or currency in 1 transaction (or 2 or more related transactions), shall file a report described in subsection (b) with respect to such transaction (or related transactions) with the Financial Crimes Enforcement Network at such time and in such manner as the Secretary may, by regulation, prescribe. “(b) Form and Manner of Reports.— A report is described in this subsection if such report— “(1) is in such form as the Secretary may prescribe; “(2) contains— “(A) the name and address, and such other identification information as the Secretary may require, of the person from whom the coins or currency was received; “(B) the amount of coins or currency received; “(C) the date and nature of the transaction; and “(D) such other information, including the identification of the person filing the report, as the Secretary may prescribe. “(c) Exceptions.— “(1) Amounts received by financial institutions.— Subsection (a) shall not apply to amounts received in a transaction reported under section 5313 and regulations prescribed under such section. “(2) Transactions occurring outside the united states.— Except to the extent provided in regulations prescribed by the Secretary, subsection (a) shall not apply to any transaction if the entire transaction occurs outside the United States. “(d) Currency Includes Foreign Currency and Certain Monetary Instruments.— “(1) In general.— For purposes of this section, the term ‘currency’ includes— “(A) foreign currency; and “(B) to the extent provided in regulations prescribed by the Secretary, any monetary instrument (whether or not in bearer form) with a face amount of not more than $10,000. “(2) Scope of application.— Paragraph (1)(B) shall not apply to any check drawn on the account of the writer in a financial institution referred to in subparagraph (A), (B), (C), (D), (E), (F), (G), (J), (K), (R), or (S) of section 5312(a)(2).”.

2. 2011

   Energy and Water Development and Related Agencies Appropriations Act, 2012

   Pub. L. 112–74 div. C title I § 120 · 125 Stat. 891

   1. Redesignated · 31 U.S.C. § 5331(a)

      Pub. L. 112–74 redesignated pars. (1) and (2) as subpars. (A) and (B), respectively, of par. (1)

   2. Substituted · 31 U.S.C. § 5331(a)

      Pub. L. 112–74 substituted “, and” for “; and” in subpar. (A)

   3. Inserted · 31 U.S.C. § 5331(a)

      Pub. L. 112–74 inserted “or” at end of subpar. (B)

   4. Added · 31 U.S.C. § 5331(a)

      Pub. L. 112–74 added par. (2)

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 112–74 redesignated pars. (1) and (2) as subpars. (A) and (B), respectively, of par. (1), substituted “, and” for “; and” in subpar. (A), inserted “or” at end of subpar. (B), and added par. (2).

   Enacted provision · exact public law section
   Sec. 120. None of the funds made available in this Act may be used to continue the study conducted by the Army Corps of Engineers pursuant to section 5018(a)(1) of the Water Resources Development Act of 2007.

5 of 5 references resolved to an enrolled provision