TITLE 31 - MONEY AND FINANCE
SUBTITLE IV - MONEY
CHAPTER 53 - MONETARY TRANSACTIONS
SUBCHAPTER II - RECORDS AND REPORTS ON MONETARY INSTRUMENTS
TRANSACTIONS
HEAD
Sec. 5316. Reports on exporting and importing monetary instruments
STATUTE
(a) Except as provided in subsection (c) of this section, a
person or an agent or bailee of the person shall file a report
under subsection (b) of this section when the person, agent, or
bailee knowingly -
(1) transports, is about to transport, or has transported,
monetary instruments of more than $10,000 at one time -
(A) from a place in the United States to or through a place
outside the United States; or
(B) to a place in the United States from or through a place
outside the United States; or
(2) receives monetary instruments of more than $10,000 at one
time transported into the United States from or through a place
outside the United States.
(b) A report under this section shall be filed at the time and
place the Secretary of the Treasury prescribes. The report shall
contain the following information to the extent the Secretary
prescribes:
(1) the legal capacity in which the person filing the report is
acting.
(2) the origin, destination, and route of the monetary
instruments.
(3) when the monetary instruments are not legally and
beneficially owned by the person transporting the instruments, or
if the person transporting the instruments personally is not
going to use them, the identity of the person that gave the
instruments to the person transporting them, the identity of the
person who is to receive them, or both.
(4) the amount and kind of monetary instruments transported.
(5) additional information.
(c) This section or a regulation under this section does not
apply to a common carrier of passengers when a passenger possesses
a monetary instrument, or to a common carrier of goods if the
shipper does not declare the instrument.
(d) Cumulation of Closely Related Events. - The Secretary of the
Treasury may prescribe regulations under this section defining the
term "at one time" for purposes of subsection (a). Such regulations
may permit the cumulation of closely related events in order that
such events may collectively be considered to occur at one time for
the purposes of subsection (a).
SOURCE
(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 998; Pub. L. 98-473,
title II, Sec. 901(c), Oct. 12, 1984, 98 Stat. 2135; Pub. L. 99-
570, title I, Sec. 1358, title III, Sec. 3153, Oct. 27, 1986, 100
Stat. 3207-26, 3207-94.)
HISTORICAL AND REVISION NOTES --------------------------------------------------------------------
Revised Source (U.S. Code) Source (Statutes at Large)
Section
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5316(a) 31:1101(a). Oct. 26, 1970, Pub. L. 91-508,
Sec. 231, 84 Stat. 1122.
5316(b) 31:1101(b).
5316(c) 31:1101(c).
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In subsection (a), before clause (1), the words "a person or an
agent or bailee of the person shall" are substituted for "whoever,
whether as principal, agent, or bailee, or by an agent or bailee"
for consistency. The words "or reports" are omitted as unnecessary
because of 1:1. In clause (2), the words "transported into the
United States" are substituted for "at the termination of their
transportation to the United States" for consistency and to
eliminate unnecessary words.
In subsection (b), before clause (1), the word "required" is
omitted as surplus. The word "prescribes" is substituted for
"require" for consistency in the revised title and with other
titles of the United States Code. The words "to the extent" are
substituted for "in such detail" for clarity. In clause (1), the
words "with respect to the monetary instruments transported" are
omitted as surplus. In clause (3), the words "or if the person
transporting the instruments personally is not going to use them"
are substituted for "or are transported for any purpose other than
the use in his own behalf of the person transporting the same" for
clarity.
In subsection (c), the words "or a regulation under this section"
are added because of the restatement.
AMENDMENTS
1986 - Subsec. (a)(1). Pub. L. 99-570, Sec. 1358(b), substituted
"transports, is about to transport, or has transported" for
"transports or has transported, or attempts to transport or have
transported".
Subsec. (a)(2). Pub. L. 99-570, Secs. 1358(c), 3153, made
identical amendments substituting "$10,000" for "$5,000".
Subsec. (d). Pub. L. 99-570, Sec. 1358(a), added subsec. (d).
1984 - Subsec. (a)(1). Pub. L. 98-473 inserted ", or attempts to
transport or have transported," after "transports or has
transported" and substituted "$10,000" for "$5,000".
EFFECTIVE DATE OF REGULATIONS PRESCRIBED UNDER 1986 AMENDMENT
Section 1364(d) of Pub. L. 99-570 provided that: "Any regulation
prescribed under the amendments made by section 1358 [amending this
section] shall apply with respect to transactions completed after
the effective date of such regulation."
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