source:
  type: regulation
  id: bsa-31usc-5315
  authority: Bank Secrecy Act (31 U.S.C.) § 5315 — Reports on foreign currency transactions
  description: 'Bank Secrecy Act (31 U.S.C.), §5315 Reports on foreign currency transactions. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: bsa-31usc-5315-a
  canonical_id: bsa-31usc-5315-a
  section: 31 U.S.C. §5315(a)
  description: 'Reports on foreign currency transactions — (a): (a) Congress finds that— (1) moving mobile capital
    can have a significant impact on the proper functioning of the international monetary system; (2) it is important
    to have the most feasible current and complete information on the kind and source of capital flows, including
    transactions by large Uni…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5315
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5315
    snapshot_id: 0e7118c85898a4ed
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:ee9850527d736d621e1835b8ce15d810e3310962d3aaebb3c06ac754b1fe5d31
    paragraph_quote: (a) Congress finds that— (1) moving mobile capital can have a significant impact on the proper
      functioning of the international monetary system; (2) it is important to have the most feasible current and
      complete information on the kind and source of capital flows, including transactions by large United States
      businesses and their foreign affiliates; and (3) additional authority should be provided to collect information
      on capital flows under section 5(b) of the Trading With the Enemy Act (50 App. U.S.C. 5(b)) [1] and section
      8 of the Bretton Woods Agreement Act ( 22 U.S.C. 286f ).
    drafter_attestation: Verbatim slice of 31 U.S.C. §5315 subsection (a) from Cornell LII snapshot 0e7118c85898a4ed;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5315-b
  canonical_id: bsa-31usc-5315-b
  section: 31 U.S.C. §5315(b)
  description: 'Reports on foreign currency transactions — (b): (b) In this section, “ United States person ” and
    “ foreign person controlled by a United States person ” have the same meanings given those terms in section
    7(f)(2)(A) and (C), respectively, of the Securities and Exchange Act of 1934 ( 15 U.S.C. 78g(f)(2)(A) , (C)).'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5315
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5315
    snapshot_id: 0e7118c85898a4ed
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:ee9850527d736d621e1835b8ce15d810e3310962d3aaebb3c06ac754b1fe5d31
    paragraph_quote: (b) In this section, “ United States person ” and “ foreign person controlled by a United States
      person ” have the same meanings given those terms in section 7(f)(2)(A) and (C), respectively, of the Securities
      and Exchange Act of 1934 ( 15 U.S.C. 78g(f)(2)(A) , (C)).
    drafter_attestation: Verbatim slice of 31 U.S.C. §5315 subsection (b) from Cornell LII snapshot 0e7118c85898a4ed;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5315-c
  canonical_id: bsa-31usc-5315-c
  section: 31 U.S.C. §5315(c)
  description: 'Reports on foreign currency transactions — (c): (c) The Secretary of the Treasury shall prescribe
    regulations consistent with subsection (a) of this section requiring reports on foreign currency transactions
    conducted by a United States person or a foreign person controlled by a United States person . The regulations
    shall require that a report c…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5315
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5315
    snapshot_id: 0e7118c85898a4ed
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:ee9850527d736d621e1835b8ce15d810e3310962d3aaebb3c06ac754b1fe5d31
    paragraph_quote: (c) The Secretary of the Treasury shall prescribe regulations consistent with subsection (a)
      of this section requiring reports on foreign currency transactions conducted by a United States person or
      a foreign person controlled by a United States person . The regulations shall require that a report contain
      information and be submitted at the time and in the way, with reasonable exceptions and classifications, necessary
      to carry out this section. ( Pub. L. 97–258 , Sept. 13, 1982 , 96 Stat. 997 .) [1] See References in Text
      note below. Historical and Revision Notes Revised Section Source (U.S. Code) Source (Statutes at Large) 5315(a)
      31:1141. Sept. 21, 1973 , Pub. L. 93–110 , §§ 201, 202, 87 Stat. 353 . 5315(b), (c) 31:1142. In subsection
      (a)(3), the words “it is desirable to emphasize this objective . . . existing legal” are omitted as unnecessary.
      In subsection (c), the words “(hereafter referred to as the ‘Secretary’)” are omitted because of the restatement.
      The words “under the authority of this subchapter and any other authority conferred by law” are omitted as
      surplus. The word “prescribe” is substituted for “supplement” for clarity. The words “the statement of findings
      under” and “the submission of” are omitted as surplus. The words “Reports required under this subchapter shall
      cover foreign currency transactions” are omitted because of the restatement. The words “such terms are” and
      “the policy of” are omitted as surplus.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5315 subsection (c) from Cornell LII snapshot 0e7118c85898a4ed;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
