31 CFR Part 1020 — Rules for Banks (FinCEN; Bank Secrecy Act implementing regulations) [eCFR point-in-time]

1. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.300 General."]

   § 1020.300 General.

   § 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…

2. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart F—Special Standards of Diligence; Prohibitions; and Special Measures", "§ 1020.600 General."]

   § 1020.600 General.

   § 1020.600 General. Banks are subject to the special standards of diligence; prohibitions; and special measures requirements set forth and cross referenced in…

3. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart F—Special Standards of Diligence; Prohibitions; and Special Measures", "§ 1020.620 Due diligence programs for private banking accounts."]

   § 1020.620 Due diligence programs for private banking accounts.

   § 1020.620 Due diligence programs for private banking accounts. (a) Refer to § 1010.620 of this chapter. (b) [Reserved]

4. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart E—Special Information Sharing Procedures To Deter Money Laundering and Terrorist Activity", "§ 1020.540 Voluntary information sharing among financial institutions."]

   § 1020.540 Voluntary information sharing among financial institutions.

   § 1020.540 Voluntary information sharing among financial institutions. (a) Refer to § 1010.540 of this chapter. (b) [Reserved]

5. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart F—Special Standards of Diligence; Prohibitions; and Special Measures", "§ 1020.610 Due diligence programs for correspondent accounts for foreign financial institutions."]

   § 1020.610 Due diligence programs for correspondent accounts for foreign financial institutions.

   § 1020.610 Due diligence programs for correspondent accounts for foreign financial institutions. (a) Refer to § 1010.610 of this chapter. (b) [Reserved]

6. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart E—Special Information Sharing Procedures To Deter Money Laundering and Terrorist Activity", "§ 1020.500 General."]

   § 1020.500 General.

   § 1020.500 General. Banks are subject to the special information sharing procedures to deter money laundering and terrorist activity requirements set forth and…

7. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

   § 1020.410 Records to be made and retained 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…

8. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

   § 1020.315 Transactions of exempt persons.

   § 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…

9. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.400 General."]

   § 1020.400 General.

   § 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…

10. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart F—Special Standards of Diligence; Prohibitions; and Special Measures", "§ 1020.670 Summons or subpoena of foreign bank records; termination of correspondent relationship."]

    § 1020.670 Summons or subpoena of foreign bank records; termination of correspondent relationship.

    § 1020.670 Summons or subpoena of foreign bank records; termination of correspondent relationship. (a) Refer to § 1010.670 of this chapter. (b) [Reserved]

11. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart F—Special Standards of Diligence; Prohibitions; and Special Measures", "§ 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.

    § 1020.630 Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process…

12. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.320 Reports by banks of suspicious transactions."]

    § 1020.320 Reports by banks of suspicious transactions.

    § 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…

13. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.313 Aggregation."]

    § 1020.313 Aggregation.

    § 1020.313 Aggregation. Refer to § 1010.313 of this chapter for reports of transactions in currency aggregation requirements for banks.

14. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart A—Definitions", "§ 1020.100 Definitions."]

    § 1020.100 Definitions.

    § 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 §…

15. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.312 Identification required."]

    § 1020.312 Identification required.

    § 1020.312 Identification required. Refer to § 1010.312 of this chapter for identification requirements for reports of transactions in currency filed by banks.

16. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (a) Customer Identification Program: minimum requirements— (1) In general. A bank required…

17. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.311 Filing obligations."]

    § 1020.311 Filing obligations.

    § 1020.311 Filing obligations. Refer to § 1010.311 of this chapter for reports of transactions in currency filing obligations for banks.

18. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.210 Anti-money laundering program requirements for banks."]

    § 1020.210 Anti-money laundering program requirements for banks.

    § 1020.210 Anti-money laundering program requirements for banks. (a) Anti-money laundering program requirements for banks regulated by a Federal functional…

19. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.310 Reports of transactions in currency."]

    § 1020.310 Reports of transactions in currency.

    § 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…

20. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.200 General."]

    § 1020.200 General.

    § 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…

21. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart E—Special Information Sharing Procedures To Deter Money Laundering and Terrorist Activity", "§ 1020.520 Special information sharing procedures to deter money laundering and terrorist activity for banks."]

    § 1020.520 Special information sharing procedures to deter money laundering and terrorist activity for banks.

    § 1020.520 Special information sharing procedures to deter money laundering and terrorist activity for banks. (a) Refer to § 1010.520 of this chapter. (b)…

22. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.314 Structured transactions."]

    § 1020.314 Structured transactions.

    § 1020.314 Structured transactions. Refer to § 1010.314 of this chapter for rules regarding structured transactions for banks.

23. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.320 Reports by banks of suspicious transactions."]

    § 1020.320 Reports by banks of suspicious transactions.

    § 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…

24. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 1020.410 Records to be made and retained by banks. (3) Any other specific identifier of the beneficiary. (ii) For each payment order that it accepts as an…

25. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 1020.315 Transactions of exempt persons. (4) of this section (a “listed entity”) that is organized under the laws of the United States or of any State and at…

26. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart A—Definitions", "§ 1020.100 Definitions."]

    § 1020.100 Definitions.

    § 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…

27. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (3) Address, which shall be: (i) For an individual, a residential or business street…

28. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.210 Anti-money laundering program requirements for banks."]

    § 1020.210 Anti-money laundering program requirements for banks.

    § 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)…

29. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (4)(ii): When opening an account for a foreign business or enterprise that does not have an…

30. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.320 Reports by banks of suspicious transactions."]

    § 1020.320 Reports by banks of suspicious transactions.

    § 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…

31. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 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…

32. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 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…

33. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (2) For a person other than an individual (such as a corporation, partnership, or trust)…

34. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.320 Reports by banks of suspicious transactions."]

    § 1020.320 Reports by banks of suspicious transactions.

    § 1020.320 Reports by banks of suspicious transactions. Bank Secrecy Act, or any State regulatory authority administering a State law that requires the bank to…

35. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 1020.410 Records to be made and retained by banks. knowledge that the person placing the payment order is not the originator, the originator's bank shall…

36. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 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…

37. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 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…

38. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.320 Reports by banks of suspicious transactions."]

    § 1020.320 Reports by banks of suspicious transactions.

    § 1020.320 Reports by banks of suspicious transactions. (1) A SAR, or any information that would reveal the existence of a SAR, to FinCEN or any Federal…

39. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (2)(ii)(A) and (B) of this section. (iii) Lack of verification. The CIP must include…

40. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 1020.315 Transactions of exempt persons. (2) Governmental departments and agencies. A bank may treat a person as a governmental department, agency, or entity…

41. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 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…

42. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (3)(i)(A) of this section for five years after the date the account is closed or, in the…

43. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.320 Reports by banks of suspicious transactions."]

    § 1020.320 Reports by banks of suspicious transactions.

    § 1020.320 Reports by banks of suspicious transactions. (2) Prohibition on disclosures by government authorities. A Federal, State, local, territorial, or…

44. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (5)(i) Customer notice. The CIP must include procedures for providing bank customers with…

45. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 1020.315 Transactions of exempt persons. (8) Ineligible businesses. A business engaged primarily in one or more of the following activities may not be…

46. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 1020.410 Records to be made and retained by banks. (6) Exceptions. The following funds transfers are not subject to the requirements of this section: (i)…

47. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 1020.315 Transactions of exempt persons. (10) Documentation. The records maintained by a bank to document its compliance with and administration of the rules…

48. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. (6) Reliance on another financial institution. The CIP may include procedures specifying…

49. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 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…

50. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart B—Programs", "§ 1020.220 Customer identification program requirements for banks."]

    § 1020.220 Customer identification program requirements for banks.

    § 1020.220 Customer identification program requirements for banks. transaction.

51. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 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…

52. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 1020.410 Records to be made and retained by banks. (1) of this section need not be secured for accounts or transactions with the following: (i) Agencies and…

53. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart C—Reports Required To Be Made By Banks", "§ 1020.315 Transactions of exempt persons."]

    § 1020.315 Transactions of exempt persons.

    § 1020.315 Transactions of exempt persons. (2) Consistent with its annual review obligations under paragraph (d) of this section, a bank shall establish and…

54. ["Title 31", "PART 1020—RULES FOR BANKS", "Subpart D—Records Required To Be Maintained By Banks", "§ 1020.410 Records to be made and retained by banks."]

    § 1020.410 Records to be made and retained by banks.

    § 1020.410 Records to be made and retained by banks. (3)(viii) and (ix) of this section, the bank shall, within 15 days following the end of any calendar year…

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