TITLE 31 - MONEY AND FINANCE
SUBTITLE IV - MONEY
CHAPTER 53 - MONETARY TRANSACTIONS
SUBCHAPTER II - RECORDS AND REPORTS ON MONETARY INSTRUMENTS
Sec. 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
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
(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).
(Added Pub. L. 107-56, title III, Sec. 365(a), Oct. 26, 2001, 115
Pub. L. 107-56, title III, Sec. 365(e), formerly Sec. 365(f),
Oct. 26, 2001, 115 Stat. 335, renumbered Sec. 365(e) by Pub. L. 108-
458, title VI, Sec. 6202(n)(2), Dec. 17, 2004, 118 Stat. 3746,
provided that: "Regulations which the Secretary [of the Treasury]
determines are necessary to implement this section [enacting this
section and amending sections 5312, 5317, 5318, 5321, 5324, 5326,
and 5328 of this title] shall be published in final form before the
end of the 6-month period beginning on the date of enactment of
this Act [Oct. 26, 2001]."
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