What is 31 USC 5319?
Asked by: Miss Dena Muller Jr. | Last update: January 28, 2026Score: 4.8/5 (40 votes)
31 U.S.C. § 5319, part of the Bank Secrecy Act (BSA), dictates the availability of reports filed under the BSA, requiring the Treasury Secretary to share information from reports (like SARs, CTRs, FBARs) with authorized agencies (state supervisors, intelligence, SROs) upon request, while keeping these sensitive records exempt from public disclosure under Freedom of Information Act (FOIA) rules.
What does title 31 USC section 3123 mean?
31 U.S. Code § 3123 - Payment of obligations and interest on the public debt.
What is the 31 USC 5318A code?
The BSA 31 USC 5318A authorized Treasury to find that a foreign jurisdiction, institution, class of transactions, or type of account is of "primary money laundering concern" and to require domestic financial institutions to take certain "special measures" against the primary money laundering concern.
What is 31 USC 3729?
In very general terms, §§ 3729(a)(1)(A) and (B) set forth FCA liability for any person who knowingly submits a false claim to the government or causes another to submit a false claim to the government or knowingly makes a false record or statement to get a false claim paid by the government.
What is the 31 USC 301?
The Secretary may designate one of the Assistant General Counsels to act as the General Counsel when the General Counsel is absent or unable to serve or when the office of General Counsel is vacant.
31 usc 5312 FINANCIAL INSTITUTIONS!
What is Article 301 in simple words?
Explain freedom of trade, commerce and intercourse
The freedom declared by article 301 may be defined as a right to free movement of persons or things, tangible or intangible, commercial or non-commercial, unobstructed by barriers, inter-State or intra-State or any other impediments operating as such barriers.
What is title 31 of the United States code?
U.S. Code: Title 31 — MONEY AND FINANCE | U.S. Code | US Law | LII / Legal Information Institute.
Who does the False Claims Act apply to?
Any individual or entity, including corporations and government contractors, can be subject to penalties under the False Claims Act if they knowingly submit false claims for government funds.
What is 31 USC 5324 the structuring act?
31 U.S. Code § 5324 - Structuring transactions to evade reporting requirement prohibited. structure or assist in structuring, or attempt to structure or assist in structuring, any transaction with one or more domestic financial institutions.
What are the three types of frauds?
Three common categories of fraud, especially in corporate settings, are asset misappropriation, bribery and corruption, and financial statement fraud, but other classifications include types like identity theft, first-party fraud, and investment fraud, depending on the focus (e.g., perpetrator, victim, or method).
What is 31 USC 5336?
31 U.S. Code § 5336 - Beneficial ownership information reporting requirements. if the individual does not have a document described in subparagraph (A), (B), or (C), a nonexpired passport issued by a foreign government.
What is the Bank Secrecy Act 31 USC 5311?
The Bank Secrecy Act (BSA), 31 USC 5311 et seq establishes program, recordkeeping and reporting requirements for national banks, federal savings associations, federal branches and agencies of foreign banks. The OCC's implementing regulations are found at 12 CFR 21.11 and 12 CFR 21.21.
What is the $3000 rule?
The "$3,000 rule" generally refers to U.S. financial regulations (Bank Secrecy Act/AML) requiring institutions to record specific customer and transaction details for cash purchases of monetary instruments or funds transfers of $3,000 or more to combat money laundering, but it also loosely applies to a car maintenance guideline where significant repair costs (around $3,000/year) suggest it might be time to trade in a vehicle. Financial rules demand identity verification, record-keeping for transactions over $3k, while the car rule suggests comparing annual repair bills to a new car's costs.
Why can't the U.S. get out of debt?
We have slower income growth, so we have fewer resources with which to pay our debt. Paul Solman: That is fewer tax revenues, which would mean borrowing even more. Plus, lower growth means less demand from businesses to borrow money for investment, which also tends to lower rates.
What is a 31 USC 3101?
§3101. Public debt limit. (a) In this section, the current redemption value of an obligation issued on a discount basis and redeemable before maturity at the option of its holder is deemed to be the face amount of the obligation.
How do you want to repay the debt to society?
Paying our debt to society doesn't have to be a punishment. In fact, you should celebrate the fact that you have the ability and opportunity to express gratitude to those who may need it now more than ever. Doing the best you can for the community that makes your success possible is simply the right thing to do.
Is depositing $2000 in cash suspicious?
No, a $2,000 cash deposit is generally not inherently suspicious, but it can raise flags if it seems part of a pattern to avoid reporting thresholds (like structuring deposits below $10,000), lacks a clear source, or is unusual for your account's activity, potentially leading to a Suspicious Activity Report (SAR). Banks must report cash transactions over $10,000 (Currency Transaction Reports or CTRs), but smaller amounts can still trigger scrutiny if they suggest money laundering or other illicit activity, especially if frequent and unexplained.
What is smurfing?
Similarly, “smurfing” is the process of moving large amounts of money around in smaller denominations (and often between multiple people), with the greater objective of hiding the fact the money was illegally sourced.
Who enforces title 31?
Financial Crimes Enforcement Network (FinCEN)
How to prove intent to deceive?
To prove intent to deceive, a plaintiff must show that the defendant knowingly made false statements, concealed material facts, or acted with reckless disregard for the truth, leading to the plaintiff's reliance and financial harm.
Can you sue someone for false claims against you?
Yes, you can often sue someone for making false accusations, typically through a defamation lawsuit (libel for written, slander for spoken) if the statement harmed your reputation, or potentially for malicious prosecution if they initiated legal action with malice and no probable cause, aiming to recover damages like lost wages, emotional distress, and legal fees, but it requires proving the statement was false, published, damaging, and made with intent to harm or with reckless disregard for the truth.
What is an example of a false claim violation?
Submitting false service records or samples in order to show better-than-actual performance. Presenting broken or untested equipment as operational and tested. Shifting expenses from one fixed-price contract to another. Illegal marketing of prescription drugs and devices through kickbacks.
What is Section 31 of the Criminal Code?
31 (1) Every peace officer who witnesses a breach of the peace and every one who lawfully assists the peace officer is justified in arresting any person whom he finds committing the breach of the peace or who, on reasonable grounds, he believes is about to join in or renew the breach of the peace.
What is the IRS Code 31?
Tax Withheld On Wages. The amount withheld as tax under chapter 24 shall be allowed to the recipient of the income as a credit against the tax imposed by this subtitle. The amount so withheld during any calendar year shall be allowed as a credit for the taxable year beginning in such calendar year.
Is $5000 considered money laundering?
A $5,000 transaction * can* be considered money laundering if done with criminal intent or knowledge that funds are from illegal activities, especially if it's part of a series of transactions (e.g., over $5,000 in 7 days, or $25,000 in 30 days under some laws) to disguise illicit proceeds, but simply depositing $5,000 legally earned money isn't inherently illegal, though it might trigger bank scrutiny. The key is intent and the context of illegal activity, not just the amount, though specific reporting thresholds for banks exist (like $10,000 for IRS cash reporting).