[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: 31CFR103.39]



[Page 413]

 

                  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 C_Records Required To Be Maintained

 

Sec. 103.39  Person outside the United States.



    For the purposes of this subpart, a remittance or transfer of funds, 

or of currency, other monetary instruments, checks, investment 

securities, or credit to the domestic account of a person whose address 

is known by the person making the remittance or transfer, to be outside 

the United States, shall be deemed to be a remittance or transfer to a 

person outside the United States, except that, unless otherwise directed 

by the Secretary, this section shall not apply to a transaction on the 

books of a domestic financial institution involving the account of a 

customer of such institution whose address is within approximately 50 

miles of the location of the institution, or who is known to be 

temporarily outside the United States.



[37 FR 6912, Apr. 5, 1972. Redesignated at 50 FR 5068, Feb. 6, 1985 and 

52 FR 11444, Apr. 8, 1987]