Chapter 1A - Reports Of Transactions Involving Currency
- Section 5-22-1 Purpose
It is the purpose of this chapter to require submission to the State Revenue Department of certain reports and records of transactions involving United ...
- Section 5-22-2 Definitions
For the purpose of this chapter, the following terms shall have the meanings ascribed by this section: (1) CURRENCY. Currency and coin of the ...
- Section 5-22-3 Record of currency transactions; report on written request; when no longer required; compliance with federal law sufficient; multiple transactions; disclosures
(a) Every financial institution shall keep a record of each of its currency transactions as required by 31 U.S.C. §5313 and regulations pursuant thereto, ...
- Section 5-22-4 Effect of federal exemptions
All exemptions from recordkeeping and reporting requirements under the federal monetary transaction records and reports requirement shall be available to financial institutions under this ...
- Section 5-22-5 When reports may be disclosed
Other than as provided for in Section 5-22-3, the State Revenue Department shall not provide to any person any report filed under Section 5-22-3 ...
- Section 5-22-6 Criminal penalties
(a) Except as provided in subsection (b) of this section, a person who willfully violates any provision of Section 5-22-3 shall in addition to ...
- Section 5-22-7 Immunity from liability
Except as provided in Section 5-22-6, no financial institution, or director, officer, employee or agent thereof, shall be civilly or criminally liable to any ...
- Section 5-22-8 Recoupment of costs not authorized
No part of the cost or expense incurred by the State Revenue Department in recording, maintaining, disposing of or otherwise dealing with the information ...
