source:
  type: regulation
  id: bsa-31usc-5313
  authority: Bank Secrecy Act (31 U.S.C.) § 5313 — Reports on domestic coins and currency transactions
  description: 'Bank Secrecy Act (31 U.S.C.), §5313 Reports on domestic coins and currency transactions. Captured
    section-complete from Cornell LII (verbatim).

    '
obligations:
- id: bsa-31usc-5313-a
  canonical_id: bsa-31usc-5313-a
  section: 31 U.S.C. §5313(a)
  description: 'Reports on domestic coins and currency transactions — (a): (a) When a domestic financial institution
    is involved in a transaction for the payment, receipt, or transfer of United States coins or currency (or other
    monetary instruments the Secretary of the Treasury prescribes), in an amount, denomination, or amount and denomination,
    or under circumstances the…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5313
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5313
    snapshot_id: 748c4cbaa7edf1a3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:973da1f860bc571ac11324fd6ed994fc881c200e4b472fc29a10a708e9c93822
    paragraph_quote: (a) When a domestic financial institution is involved in a transaction for the payment, receipt,
      or transfer of United States coins or currency (or other monetary instruments the Secretary of the Treasury
      prescribes), in an amount, denomination, or amount and denomination, or under circumstances the Secretary
      prescribes by regulation, the institution and any other participant in the transaction the Secretary may prescribe
      shall file a report on the transaction at the time and in the way the Secretary prescribes. A participant
      acting for another person shall make the report as the agent or bailee of the person and identify the person
      for whom the transaction is being made.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5313 subsection (a) from Cornell LII snapshot 748c4cbaa7edf1a3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5313-b
  canonical_id: bsa-31usc-5313-b
  section: 31 U.S.C. §5313(b)
  description: 'Reports on domestic coins and currency transactions — (b): (b) The Secretary may designate a domestic
    financial institution as an agent of the United States Government to receive a report under this section. However,
    the Secretary may designate a domestic financial institution that is not insured, chartered, examined, or registered
    as a domestic financial i…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5313
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5313
    snapshot_id: 748c4cbaa7edf1a3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:973da1f860bc571ac11324fd6ed994fc881c200e4b472fc29a10a708e9c93822
    paragraph_quote: (b) The Secretary may designate a domestic financial institution as an agent of the United
      States Government to receive a report under this section. However, the Secretary may designate a domestic
      financial institution that is not insured, chartered, examined, or registered as a domestic financial institution
      only if the institution consents. The Secretary may suspend or revoke a designation for a violation of this
      subchapter or a regulation under this subchapter (except a violation of section 5315 of this title or a regulation
      prescribed under section 5315), section 411 [1] of the National Housing Act ( 12 U.S.C. 1730d ), or section
      21 of the Federal Deposit Insurance Act ( 12 U.S.C. 1829b ).
    drafter_attestation: Verbatim slice of 31 U.S.C. §5313 subsection (b) from Cornell LII snapshot 748c4cbaa7edf1a3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5313-c
  canonical_id: bsa-31usc-5313-c
  section: 31 U.S.C. §5313(c)
  description: 'Reports on domestic coins and currency transactions — (c): (c) (1) A person (except a domestic financial
    institution designated under subsection (b) of this section) required to file a report under this section shall
    file the report— (A) with the institution involved in the transaction if the institution was designated; (B)
    in the way the Secretary prescrib…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5313
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5313
    snapshot_id: 748c4cbaa7edf1a3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:973da1f860bc571ac11324fd6ed994fc881c200e4b472fc29a10a708e9c93822
    paragraph_quote: (c) (1) A person (except a domestic financial institution designated under subsection (b) of
      this section) required to file a report under this section shall file the report— (A) with the institution
      involved in the transaction if the institution was designated; (B) in the way the Secretary prescribes when
      the institution was not designated; or (C) with the Secretary. (2) The Secretary shall prescribe— (A) the
      filing procedure for a domestic financial institution designated under subsection (b) of this section; and
      (B) the way the institution shall submit reports filed with it.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5313 subsection (c) from Cornell LII snapshot 748c4cbaa7edf1a3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5313-d
  canonical_id: bsa-31usc-5313-d
  section: 31 U.S.C. §5313(d)
  description: 'Reports on domestic coins and currency transactions — (d): (d) Mandatory Exemptions From Reporting
    Requirements.— (1) In general.— The Secretary of the Treasury shall exempt, pursuant to section 5318(a)(6),
    a depository institution from the reporting requirements of subsection (a) with respect to transactions between
    the depository institution and the follo…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5313
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5313
    snapshot_id: 748c4cbaa7edf1a3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:973da1f860bc571ac11324fd6ed994fc881c200e4b472fc29a10a708e9c93822
    paragraph_quote: '(d) Mandatory Exemptions From Reporting Requirements.— (1) In general.— The Secretary of the
      Treasury shall exempt, pursuant to section 5318(a)(6), a depository institution from the reporting requirements
      of subsection (a) with respect to transactions between the depository institution and the following categories
      of entities: (A) Another depository institution. (B) A department or agency of the United States , any State,
      or any political subdivision of any State. (C) Any entity established under the laws of the United States
      , any State, or any political subdivision of any State, or under an interstate compact between 2 or more States,
      which exercises governmental authority on behalf of the United States or any such State or political subdivision.
      (D) Any business or category of business the reports on which have little or no value for law enforcement
      purposes. (2) Notice of exemption.— The Secretary of the Treasury shall publish in the Federal Register at
      such times as the Secretary determines to be appropriate (but not less frequently than once each year) a list
      of all the entities whose transactions with a depository institution are exempt under this subsection from
      the reporting requirements of subsection (a).'
    drafter_attestation: Verbatim slice of 31 U.S.C. §5313 subsection (d) from Cornell LII snapshot 748c4cbaa7edf1a3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5313-e
  canonical_id: bsa-31usc-5313-e
  section: 31 U.S.C. §5313(e)
  description: 'Reports on domestic coins and currency transactions — (e): (e) Discretionary Exemptions From Reporting
    Requirements.— (1) In general.— The Secretary of the Treasury may exempt, pursuant to section 5318(a)(6), a
    depository institution from the reporting requirements of subsection (a) with respect to transactions between
    the depository institution and a quali…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5313
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5313
    snapshot_id: 748c4cbaa7edf1a3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:973da1f860bc571ac11324fd6ed994fc881c200e4b472fc29a10a708e9c93822
    paragraph_quote: (e) Discretionary Exemptions From Reporting Requirements.— (1) In general.— The Secretary of
      the Treasury may exempt, pursuant to section 5318(a)(6), a depository institution from the reporting requirements
      of subsection (a) with respect to transactions between the depository institution and a qualified business
      customer of the institution on the basis of information submitted to the Secretary by the institution in accordance
      with procedures which the Secretary shall establish. (2) Qualified business customer defined.— For purposes
      of this subsection, the term “ qualified business customer ” means a business which— (A) maintains a transaction
      account (as defined in section 19(b)(1)(C) of the Federal Reserve Act ) at the depository institution; (B)
      frequently engages in transactions with the depository institution which are subject to the reporting requirements
      of subsection (a); and (C) meets criteria which the Secretary determines are sufficient to ensure that the
      purposes of this subchapter are carried out without requiring a report with respect to such transactions.
      (3) Criteria for exemption.— The Secretary of the Treasury shall establish, by regulation, the criteria for
      granting and maintaining an exemption under paragraph (1). (4) Guidelines.— (A) In general.— The Secretary
      of the Treasury shall establish guidelines for depository institutions to follow in selecting customers for
      an exemption under this subsection. (B) Contents.— The guidelines may include a description of the types of
      businesses or an itemization of specific businesses for which no exemption will be granted under this subsection
      to any depository institution. (5) Annual review.— The Secretary of the Treasury shall prescribe regulations
      requiring each depository institution to— (A) review, at least once each year, the qualified business customers
      of such institution with respect to whom an exemption has been granted under this subsection; and (B) upon
      the completion of such review, resubmit information about such customers, with such modifications as the institution
      determines to be appropriate, to the Secretary for the Secretary’s approval. (6) 2-year phase-in provision.—
      During the 2-year period beginning on the date of enactment of the Money Laundering Suppression Act of 1994
      , this subsection shall be applied by the Secretary on the basis of such criteria as the Secretary determines
      to be appropriate to achieve an orderly implementation of the requirements of this subsection.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5313 subsection (e) from Cornell LII snapshot 748c4cbaa7edf1a3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5313-f
  canonical_id: bsa-31usc-5313-f
  section: 31 U.S.C. §5313(f)
  description: 'Reports on domestic coins and currency transactions — (f): (f) Provisions Applicable to Mandatory
    and Discretionary Exemptions.— (1) Limitation on liability of depository institutions.— No depository institution
    shall be subject to any penalty which may be imposed under this subchapter for the failure of the institution
    to file a report with respect to a tr…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5313
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5313
    snapshot_id: 748c4cbaa7edf1a3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:973da1f860bc571ac11324fd6ed994fc881c200e4b472fc29a10a708e9c93822
    paragraph_quote: (f) Provisions Applicable to Mandatory and Discretionary Exemptions.— (1) Limitation on liability
      of depository institutions.— No depository institution shall be subject to any penalty which may be imposed
      under this subchapter for the failure of the institution to file a report with respect to a transaction with
      a customer for whom an exemption has been granted under subsection (d) or (e) unless the institution— (A)
      knowingly files false or incomplete information to the Secretary with respect to the transaction or the customer
      engaging in the transaction; or (B) has reason to believe at the time the exemption is granted or the transaction
      is entered into that the customer or the transaction does not meet the criteria established for granting such
      exemption. (2) Coordination with other provisions.— Any exemption granted by the Secretary of the Treasury
      under section 5318(a) in accordance with this section, and any transaction which is subject to such exemption,
      shall be subject to any other provision of law applicable to such exemption, including— (A) the authority
      of the Secretary, under section 5318(a)(6), to revoke such exemption at any time; and (B) any requirement
      to report, or any authority to require a report on, any possible violation of any law or regulation or any
      suspected criminal activity.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5313 subsection (f) from Cornell LII snapshot 748c4cbaa7edf1a3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5313-g
  canonical_id: bsa-31usc-5313-g
  section: 31 U.S.C. §5313(g)
  description: 'Reports on domestic coins and currency transactions — (g): (g) Depository Institution Defined.—
    For purposes of this section, the term “depository institution”— (1) has the meaning given to such term in section
    19(b)(1)(A) of the Federal Reserve Act ; and (2) includes— (A) any branch, agency, or commercial lending company
    (as such terms are defined in secti…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5313
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5313
    snapshot_id: 748c4cbaa7edf1a3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:973da1f860bc571ac11324fd6ed994fc881c200e4b472fc29a10a708e9c93822
    paragraph_quote: (g) Depository Institution Defined.— For purposes of this section, the term “depository institution”—
      (1) has the meaning given to such term in section 19(b)(1)(A) of the Federal Reserve Act ; and (2) includes—
      (A) any branch, agency, or commercial lending company (as such terms are defined in section 1(b) of the International
      Banking Act of 1978 ); (B) any corporation chartered under section 25A of the Federal Reserve Act ; and (C)
      any corporation having an agreement or undertaking with the Board of Governors of the Federal Reserve System
      under section 25 of the Federal Reserve Act . ( Pub. L. 97–258 , Sept. 13, 1982 , 96 Stat. 996 ; Pub. L. 103–325,
      title IV, § 402(a) , Sept. 23, 1994 , 108 Stat. 2243 .) [1] See References in Text note below. Historical
      and Revision Notes Revised Section Source (U.S. Code) Source (Statutes at Large) 5313(a) 31:1081. Oct. 26,
      1970 , Pub. L. 91–508 , §§ 221–223, 84 Stat. 1122 . 31:1082. 5313(b) 31:1083(a). 5313(c) 31:1083(b). In subsection
      (a), the words “coins or” are added, and the words “prescribe” and “prescribes” are substituted for “specify”
      in 31:1081, and “require”, for consistency. The words “other parties thereto or” in 31:1082 are omitted as
      surplus. The words “to the Secretary” in 31:1081 are omitted as unnecessary and for clarity. The words “in
      such detail” are omitted as surplus. The words “A participant acting for another person shall make the report
      as the agent or bailee of the person and identify the person for whom the transaction is being made” are substituted
      for 31:1082(last sentence) for clarity and to eliminate unnecessary words. In subsection (b), the words “in
      his discretion” and “individually or by class” are omitted as surplus. The word “Government” is added for
      consistency. The words “or a regulation under this subchapter”, are added because of the restatement. The
      words “(except a violation of section 5315 of this title or a regulation prescribed under section 5315)” are
      added because 31:1141–1143 was not enacted as a part of the Currency and Foreign Transactions Reporting Act
      that is restated in this subchapter. In subsection (c)(1), clause (A) is substituted for “with respect to
      a domestic financial institution . . . with that institution” for clarity. Clause (C) is substituted for “any
      such person may, at his election and in lieu of filing the report in the manner hereinabove prescribed, file
      the report with the Secretary” to eliminate unnecessary words.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5313 subsection (g) from Cornell LII snapshot 748c4cbaa7edf1a3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
