31USC5324
- CITE
- 31 USC Sec. 5324 01/24/94
- EXPCITE
- TITLE 31 - MONEY AND FINANCE SUBTITLE IV - MONEY CHAPTER 53 - MONETARY TRANSACTIONS SUBCHAPTER II - RECORDS AND REPORTS ON MONETARY INSTRUMENTS TRANSACTIONS
- HEAD
- Sec. 5324. Structuring transactions to evade reporting requirement prohibited
- STATUTE
- (a) Domestic Coin and Currency Transactions. - No person shall for the purpose of evading the reporting requirements of section 5313(a), section 5325, or the regulations issued thereunder or section 5325 or regulations prescribed under such section 5325 (FOOTNOTE 1) with respect to such transaction - (FOOTNOTE 1) So in original. See 1992 Amendment note below.
- (1) cause or attempt to cause a domestic financial institution to fail to file a report required under section 5313(a), section 5325, or the regulations issued thereunder or section 5325 or regulations prescribed under such section 5325; (FOOTNOTE 1)
- (2) cause or attempt to cause a domestic financial institution to file a report required under section 5313(a), section 5325, or the regulations issued thereunder or section 5325 or regulations prescribed under such section 5325 (FOOTNOTE 1) that contains a material omission or misstatement of fact; or
- (3) structure or assist in structuring, or attempt to structure or assist in structuring, any transaction with one or more domestic financial institutions.
- (b) International Monetary Instrument Transactions. - No person shall for the purpose of evading the reporting requirements of section 5316 -
- (1) fail to file a report required by section 5316, or cause or attempt to cause a person to fail to file such a report;
- (2) file or cause or attempt to cause a person to file a report required under section 5316 that contains a material omission or misstatement of fact; or
- (3) structure or assist in structuring, or attempt to structure or assist in structuring, any importation or exportation of monetary instruments.
- SOURCE
- (Added Pub. L. 99-570, title I, Sec. 1354(a), Oct. 27, 1986, 100 Stat. 3207-22; amended Pub. L. 102-550, title XV, Sec. 1517(a), 1525(a), 1535(a)(1), Oct. 28, 1992, 106 Stat. 4059, 4064, 4066.) MISC1
- AMENDMENTS
- 1992 - Pub. L. 102-550, Sec. 1525(a)(1), designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).
- Pub. L. 102-550, Sec. 1517(a), 1535(a)(1), inserted the following duplicative provisions ''or section 5325 or regulations prescribed under such section 5325'' and '', section 5325, or the regulations issued thereunder'' after ''section 5313(a)'' wherever appearing.
EFFECTIVE DATE
- Section 1364(a) of Pub. L. 99-570 provided that: ''The amendment made by section 1354 (enacting this section) shall apply with respect to transactions for the payment, receipt, or transfer of United States coins or currency or other monetary instruments completed after the end of the 3-month period beginning on the date of the enactment of this Act (Oct. 27, 1986).''
- SECREF SECTION REFERRED TO IN OTHER SECTIONS
- This section is referred to in sections 5317, 5321 of this title; title 12 section 3420; title 18 sections 981, 982; title 28 section 524.