[Code of Federal Regulations]

[Title 31, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR103.27]



[Page 392]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

                       DEPARTMENT OF THE TREASURY

 

PART 103_FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN 

TRANSACTIONS--Table of Contents

 

                  Subpart B_Reports Required To Be Made

 

Sec. 103.27  Filing of reports.



    (a)(1) A report required by Sec. 103.22(a) shall be filed by the 

financial institution within 15 days following the day on which the 

reportable transaction occurred.

    (2) A report required by Sec. 103.22(g) shall be filed by the bank 

within 15 days after receiving a request for the report.

    (3) A copy of each report filed pursuant to Sec. 103.22 shall be 

retained by the financial institution for a period of five years from 

the date of the report.

    (4) All reports required to be filed by Sec. 103.22 shall be filed 

with the Commissioner of Internal Revenue, unless otherwise specified.

    (b)(1) A report required by Sec. 103.23(a) shall be filed at the 

time of entry into the United States or at the time of departure, 

mailing or shipping from the United States, unless otherwise specified 

by the Commissioner of Customs.

    (2) A report required by Sec. 103.23(b) shall be filed within 15 

days after receipt of the currency or other monetary instruments.

    (3) All reports required by Sec. 103.23 shall be filed with the 

Customs officer in charge at any port of entry or departure, or as 

otherwise specified by the Commissioner of Customs. Reports required by 

Sec. 103.23(a) for currency or other monetary instruments not 

physically accompanying a person entering or departing from the United 

States, may be filed by mail on or before the date of entry, departure, 

mailing or shipping. All reports required by Sec. 103.23(b) may also be 

filed by mail. Reports filed by mail shall be addressed to the 

Commissioner of Customs, Attention: Currency Transportation Reports, 

Washington, DC 20229.

    (c) Reports required to be filed by Sec. 103.24 shall be filed with 

the Commissioner of Internal Revenue on or before June 30 of each 

calendar year with respect to foreign financial accounts exceeding 

$10,000 maintained during the previous calendar year.

    (d) Reports required by Sec. 103.22, Sec. 103.23 or Sec. 103.24 

shall be filed on forms prescribed by the Secretary. All information 

called for in such forms shall be furnished.

    (e) Forms to be used in making the reports required by Sec. Sec. 

103.22 and 103.24 may be obtained from the Internal Revenue Service. 

Forms to be used in making the reports required by Sec. 103.23 may be 

obtained from the U.S. Customs Service.



(Approved by the Office of Management and Budget under control number 

1505-0063)



[52 FR 11443, Apr. 8, 1987; 52 FR 12641, Apr. 17, 1987, as amended at 53 

FR 4138, Feb. 12, 1988. Redesignated at 54 FR 33678, Aug. 16, 1989]