# 31 CFR Part 1020 — Rules for Banks (FinCEN; Bank Secrecy Act implementing regulations, e.g. CTR/SAR for banks) URL: https://consilena.com/coverage/laws/ksrc_3vsd2e24hk361axr - Jurisdiction: United States - Type: Regulation - Identifier: /us/cfr/t31/pt1020 - Current as of: 1 July 2024 - Provisions: 22 - Official text: https://www.govinfo.gov/bulkdata/CFR/2024/title-31/CFR-2024-title31-vol3.xml > The library is a research copy. Check the official source before relying on a provision: the text published there, not the copy in Consilena, is the law. ## Provisions - **§ 1020.320 Reports by banks of suspicious transactions.**: (a) General. (1) Every bank shall file with the Treasury Department, to the extent and in the manner… - **§ 1020.610 Due diligence programs for correspondent accounts for foreign financial institutions.**: (a) Refer to § 1010.610 of this chapter. (b) [Reserved] - **§ 1020.520 Special information sharing procedures to deter money laundering and terrorist activity for banks.**: (a) Refer to § 1010.520 of this chapter. (b)… - **§ 1020.600 General.**: Banks are subject to the special standards of diligence; prohibitions; and special measures requirements set forth and cross referenced in… - **§ 1020.300 General.**: Banks are subject to the reporting requirements set forth and cross referenced in this subpart. Banks should also refer to Subpart C of… - **§ 1020.311 Filing obligations.**: Refer to § 1010.311 of this chapter for reports of transactions in currency filing obligations for banks. - **§ 1020.500 General.**: Banks are subject to the special information sharing procedures to deter money laundering and terrorist activity requirements set forth and… - **§ 1020.630 Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process.**: § 1020.630 Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process… - **§ 1020.620 Due diligence programs for private banking accounts.**: (a) Refer to § 1010.620 of this chapter. (b) [Reserved] - **§ 1020.314 Structured transactions.**: Refer to § 1010.314 of this chapter for rules regarding structured transactions for banks. - **§ 1020.313 Aggregation.**: Refer to § 1010.313 of this chapter for reports of transactions in currency aggregation requirements for banks. - **§ 1020.200 General.**: Banks are subject to the program requirements set forth and cross referenced in this subpart. Banks should also refer to subpart B of part… - **§ 1020.210 Anti-money laundering program requirements for banks.**: (a) Anti-money laundering program requirements for banks regulated by a Federal functional… - **§ 1020.540 Voluntary information sharing among financial institutions.**: (a) Refer to § 1010.540 of this chapter. (b) [Reserved] - **§ 1020.400 General.**: Banks are subject to the recordkeeping requirements set forth and cross referenced in this subpart. Banks should also refer to subpart D of… - **§ 1020.670 Summons or subpoena of foreign bank records; termination of correspondent relationship.**: (a) Refer to § 1010.670 of this chapter. (b) [Reserved] - **§ 1020.310 Reports of transactions in currency.**: The reports of transactions in currency requirements for banks are located in subpart C of part 1010 of this… - **§ 1020.315 Transactions of exempt persons.**: (a) General. No bank is required to file a report otherwise required by § 1010.311 with respect to any transaction… - **§ 1020.312 Identification required.**: Refer to § 1010.312 of this chapter for identification requirements for reports of transactions in currency filed by banks. - **§ 1020.410 Records to be made and retained by banks.**: (a) Each agent, agency, branch, or office located within the United States of a bank is subject to the… - **§ 1020.100 Definitions.**: Refer to § 1010.100 of this Chapter for general definitions not noted herein. To the extent there is a differing definition in §… - **§ 1020.220 Customer identification program requirements for banks.**: (a) Customer Identification Program: minimum requirements — (1) In general. A bank required… - **§ 1020.320 Reports by banks of suspicious transactions.**: (2) A transaction requires reporting under the terms of this section if it is conducted or attempted… - **§ 1020.100 Definitions.**: (4); or (iii) A person that has an existing account with the bank, provided that the bank has a reasonable belief that it knows the… - **§ 1020.410 Records to be made and retained by banks.**: (1) Recordkeeping requirements. (i) For each payment order that it accepts as an originator's bank, a bank… - **§ 1020.210 Anti-money laundering program requirements for banks.**: (1) Complies with the requirements of §§ 1010.610 and 1010.620 of this chapter; and (2)… - **§ 1020.315 Transactions of exempt persons.**: (5) Any subsidiary, other than a bank, of any entity described in paragraph (b) (4) of this section (a “listed… - **§ 1020.220 Customer identification program requirements for banks.**: (2)(i)(B) and (C) of this section, the bank must obtain, at a minimum, the following… - **§ 1020.320 Reports by banks of suspicious transactions.**: (3) When to file. A bank is required to file a SAR no later than 30 calendar days after the date of… - **§ 1020.315 Transactions of exempt persons.**: (2)(ii) of this section; (ii) Operates a firm that frequently withdraws more than $10,000 in order to pay its United… - **§ 1020.410 Records to be made and retained by banks.**: (2) Originators other than established customers. In the case of a payment order from an originator that… - **§ 1020.315 Transactions of exempt persons.**: (7) of this section, as an exempt person before the customer has maintained a transaction account at the bank for at… - **§ 1020.220 Customer identification program requirements for banks.**: (2)(ii). (A) Verification through documents. For a bank relying on documents, the CIP must… - **§ 1020.410 Records to be made and retained by banks.**: (1)(i) of this section: (i) If the payment order is made in person, prior to acceptance the originator's… - **§ 1020.320 Reports by banks of suspicious transactions.**: examines the bank for compliance with the Bank Secrecy Act, or any State regulatory authority… - **§ 1020.315 Transactions of exempt persons.**: (2) Governmental departments and agencies. A bank may treat a person as a governmental department, agency, or entity… - **§ 1020.220 Customer identification program requirements for banks.**: risk assessment of a new account opened by a customer that is not an individual, the bank… - **§ 1020.410 Records to be made and retained by banks.**: credit card transaction) for the funds transfer. If the originator's bank has knowledge that the person… - **§ 1020.320 Reports by banks of suspicious transactions.**: (1) shall not be construed as prohibiting: (A) The disclosure by a bank, or any director, officer… - **§ 1020.315 Transactions of exempt persons.**: (4) Listed company subsidiaries. In determining whether a person is described in paragraph (b) (5) of this section… - **§ 1020.220 Customer identification program requirements for banks.**: (2)(ii)(A) of this section noting the type of document, any identification number contained… - **§ 1020.320 Reports by banks of suspicious transactions.**: (2) Prohibition on disclosures by government authorities. A Federal, State, local, territorial, or… - **§ 1020.410 Records to be made and retained by banks.**: (1)(iii) of this section: (i) If the proceeds are delivered in person to the beneficiary or its… - **§ 1020.315 Transactions of exempt persons.**: (8) Ineligible businesses. A business engaged primarily in one or more of the following activities may not be… - **§ 1020.220 Customer identification program requirements for banks.**: (5)(i) Customer notice. The CIP must include procedures for providing bank customers with… - **§ 1020.410 Records to be made and retained by banks.**: (2) of this section shall be retrievable by the originator's bank by reference to the name of the… - **§ 1020.315 Transactions of exempt persons.**: (10) Documentation. The records maintained by a bank to document its compliance with and administration of the rules… - **§ 1020.220 Customer identification program requirements for banks.**: (6) Reliance on another financial institution. The CIP may include procedures specifying… - **§ 1020.315 Transactions of exempt persons.**: (7) of this section, shall occur no less than once each year. (3) A bank that files a report with respect to a… - **§ 1020.410 Records to be made and retained by banks.**: (1) With respect to each certificate of deposit sold or redeemed after May 31, 1978, and before October 1… - **§ 1020.220 Customer identification program requirements for banks.**: maintained in connection with any account or transaction. - **§ 1020.315 Transactions of exempt persons.**: (2) Consistent with its annual review obligations under paragraph (d) of this section, a bank shall establish and… - **§ 1020.410 Records to be made and retained by banks.**: (12) of this section. The issuing bank can satisfy the recordkeeping requirement by recording the name and… --- Consilena is a software provider, not a law firm. AI output is not legal advice: consult a licensed lawyer in the relevant jurisdiction. Page: https://consilena.com/coverage/laws/ksrc_3vsd2e24hk361axr. Index of every page: https://consilena.com/llms.txt.