Bank Secrecy Act (BSA)
[CITE: 31CFR103.63]
Title 31--Money and Finance: Treasury
CHAPTER I--MONETARY OFFICES, DEPARTMENT OF THE TREASURY
PART 103--FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS
Subpart E_General Provisions
Sec. 103.63 Structured transactions.
No person shall for the purpose of evading the reporting requirements of Sec. 103.22 with respect to such transaction:
- (a) Cause or attempt to cause a domestic financial institution to fail to file a report required under Sec. 103.22;
- (b) Cause or attempt to cause a domestic financial institution to file a report required under Sec. 103.22 that contains a material omission or misstatement of fact; or
- (c) Structure (as that term is defined in Sec. 103.11(n) of this part) or assist in structuring, or attempt to structure or assist in structuring, any transaction with one or more domestic financial institutions.
[52 FR 11446, Apr. 8, 1987, as amended at 54 FR 3027, Jan. 23, 1989]
