source:
  type: regulation
  id: bsa-31usc-5330
  authority: Bank Secrecy Act (31 U.S.C.) § 5330 — Registration of money transmitting businesses
  description: 'Bank Secrecy Act (31 U.S.C.), §5330 Registration of money transmitting businesses. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: bsa-31usc-5330-a
  canonical_id: bsa-31usc-5330-a
  section: 31 U.S.C. §5330(a)
  description: 'Registration of money transmitting businesses — (a): (a) Registration With Secretary of the Treasury
    Required.— (1) In general.— Any person who owns or controls a money transmitting business shall register the
    business (whether or not the business is licensed as a money transmitting business in any State) with the Secretary
    of the Treasury not later t…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5330
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5330
    snapshot_id: 827d88475096bbce
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:4d8d62d40fb28170bf8a4f48e7a781e4c6d5c99e5e2987cd736b3b60f89eed03
    paragraph_quote: (a) Registration With Secretary of the Treasury Required.— (1) In general.— Any person who
      owns or controls a money transmitting business shall register the business (whether or not the business is
      licensed as a money transmitting business in any State) with the Secretary of the Treasury not later than
      the end of the 180-day period beginning on the later of— (A) the date of enactment of the Money Laundering
      Suppression Act of 1994 ; or (B) the date on which the business is established. (2) Form and manner of registration.—
      Subject to the requirements of subsection (b), the Secretary of the Treasury shall prescribe, by regulation,
      the form and manner for registering a money transmitting business pursuant to paragraph (1). (3) Businesses
      remain subject to state law.— This section shall not be construed as superseding any requirement of State
      law relating to money transmitting businesses operating in such State. (4) False and incomplete information.—
      The filing of false or materially incomplete information in connection with the registration of a money transmitting
      business shall be considered as a failure to comply with the requirements of this subchapter.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5330 subsection (a) from Cornell LII snapshot 827d88475096bbce;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5330-b
  canonical_id: bsa-31usc-5330-b
  section: 31 U.S.C. §5330(b)
  description: 'Registration of money transmitting businesses — (b): (b) Contents of Registration.— The registration
    of a money transmitting business under subsection (a) shall include the following information: (1) The name
    and location of the business. (2) The name and address of each person who— (A) owns or controls the business;
    (B) is a director or officer of th…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5330
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5330
    snapshot_id: 827d88475096bbce
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:4d8d62d40fb28170bf8a4f48e7a781e4c6d5c99e5e2987cd736b3b60f89eed03
    paragraph_quote: '(b) Contents of Registration.— The registration of a money transmitting business under subsection
      (a) shall include the following information: (1) The name and location of the business. (2) The name and address
      of each person who— (A) owns or controls the business; (B) is a director or officer of the business; or (C)
      otherwise participates in the conduct of the affairs of the business. (3) The name and address of any depository
      institution at which the business maintains a transaction account (as defined in section 19(b)(1)(C) of the
      Federal Reserve Act ). (4) An estimate of the volume of business in the coming year (which shall be reported
      annually to the Secretary). (5) Such other information as the Secretary of the Treasury may require.'
    drafter_attestation: Verbatim slice of 31 U.S.C. §5330 subsection (b) from Cornell LII snapshot 827d88475096bbce;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5330-c
  canonical_id: bsa-31usc-5330-c
  section: 31 U.S.C. §5330(c)
  description: 'Registration of money transmitting businesses — (c): (c) Agents of Money Transmitting Businesses.—
    (1) Maintenance of lists of agents of money transmitting businesses.— Pursuant to regulations which the Secretary
    of the Treasury shall prescribe, each money transmitting business shall— (A) maintain a list containing the
    names and addresses of all perso…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5330
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5330
    snapshot_id: 827d88475096bbce
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:4d8d62d40fb28170bf8a4f48e7a781e4c6d5c99e5e2987cd736b3b60f89eed03
    paragraph_quote: (c) Agents of Money Transmitting Businesses.— (1) Maintenance of lists of agents of money transmitting
      businesses.— Pursuant to regulations which the Secretary of the Treasury shall prescribe, each money transmitting
      business shall— (A) maintain a list containing the names and addresses of all persons authorized to act as
      an agent for such business in connection with activities described in subsection (d)(1)(A) and such other
      information about such agents as the Secretary may require; and (B) make the list and other information available
      on request to any appropriate law enforcement agency. (2) Treatment of agent as money transmitting business.—
      The Secretary of the Treasury shall prescribe regulations establishing, on the basis of such criteria as the
      Secretary determines to be appropriate, a threshold point for treating an agent of a money transmitting business
      as a money transmitting business for purposes of this section.
    drafter_attestation: Verbatim slice of 31 U.S.C. §5330 subsection (c) from Cornell LII snapshot 827d88475096bbce;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5330-d
  canonical_id: bsa-31usc-5330-d
  section: 31 U.S.C. §5330(d)
  description: 'Registration of money transmitting businesses — (d): (d) Definitions.— For purposes of this section,
    the following definitions shall apply: (1) Money transmitting business.— The term “ money transmitting business
    ” means any business other than the United States Postal Service which— (A) provides check cashing, currency
    exchange, or money transmitting…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5330
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5330
    snapshot_id: 827d88475096bbce
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:4d8d62d40fb28170bf8a4f48e7a781e4c6d5c99e5e2987cd736b3b60f89eed03
    paragraph_quote: '(d) Definitions.— For purposes of this section, the following definitions shall apply: (1)
      Money transmitting business.— The term “ money transmitting business ” means any business other than the United
      States Postal Service which— (A) provides check cashing, currency exchange, or money transmitting or remittance
      services, or issues or redeems money orders, travelers’ checks, and other similar instruments or any other
      person who engages as a business in the transmission of currency, funds, or value that substitutes for currency,
      including any person who engages as a business in an informal money transfer system or any network of people
      who engage as a business in facilitating the transfer of money domestically or internationally outside of
      the conventional financial institutions system; (B) is required to file reports under section 5313; and (C)
      is not a depository institution (as defined in section 5313(g) ). (2) Money transmitting service.— The term
      “ money transmitting service ” includes accepting currency, funds, or value that substitutes for currency
      and transmitting the currency, funds, or value that substitutes for currency by any means, including through
      a financial agency or institution, a Federal reserve bank or other facility of the Board of Governors of the
      Federal Reserve System , or an electronic funds transfer network.'
    drafter_attestation: Verbatim slice of 31 U.S.C. §5330 subsection (d) from Cornell LII snapshot 827d88475096bbce;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: bsa-31usc-5330-e
  canonical_id: bsa-31usc-5330-e
  section: 31 U.S.C. §5330(e)
  description: 'Registration of money transmitting businesses — (e): (e) Civil Penalty for Failure To Comply With
    Registration Requirements.— (1) In general.— Any person who fails to comply with any requirement of this section
    or any regulation prescribed under this section shall be liable to the United States for a civil penalty of
    $5,000 for each such violation. (2…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: Bank Secrecy Act (31 U.S.C.) § 5330
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/31/5330
    snapshot_id: 827d88475096bbce
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:4d8d62d40fb28170bf8a4f48e7a781e4c6d5c99e5e2987cd736b3b60f89eed03
    paragraph_quote: (e) Civil Penalty for Failure To Comply With Registration Requirements.— (1) In general.— Any
      person who fails to comply with any requirement of this section or any regulation prescribed under this section
      shall be liable to the United States for a civil penalty of $5,000 for each such violation. (2) Continuing
      violation.— Each day a violation described in paragraph (1) continues shall constitute a separate violation
      for purposes of such paragraph. (3) Assessments.— Any penalty imposed under this subsection shall be assessed
      and collected by the Secretary of the Treasury in the manner provided in section 5321 and any such assessment
      shall be subject to the provisions of such section. (Added Pub. L. 103–325, title IV, § 408(b) , Sept. 23,
      1994 , 108 Stat. 2250 ; amended Pub. L. 107–56, title III, § 359(b) , Oct. 26, 2001 , 115 Stat. 328 ; Pub.
      L. 116–283, div. F, title LXI, § 6102(d)(2) , Jan. 1, 2021 , 134 Stat. 4553 .)
    drafter_attestation: Verbatim slice of 31 U.S.C. §5330 subsection (e) from Cornell LII snapshot 827d88475096bbce;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
