Ga. Comp. R. & Regs. R. 80-3-6-.02 - Reports of Large Currency Transactions, Recordkeeping, and Suspicious Activity Reporting Requirements
(1)
Persons engaged in the business of transmitting money and authorized agents of
money transmitters shall be subject to the filing requirements for large
currency transactions as prescribed in Article 11 of Chapter 1 of Title 7, and
as further directed herein.
(2) The
reporting requirements contained in Article 11 of Chapter 1 of Title 7 shall be
met by filing with the appropriate federal agency a copy of the form(s) filed
in compliance with the Currency and Foreign Transactions Reporting Act of 1970
and its related regulations, including those set forth at 31 CFR Chapter X
(together, the "Bank Secrecy Act") within the time limits set forth therein.
Such forms shall include the filing of currency transaction reports and
suspicious activity reports as described in the Bank Secrecy Act and
accompanying regulations.
(3)
Recordkeeping. Georgia law regarding such recordkeeping for money transmitters
shall be satisfied by compliance with all applicable federal law. Such federal
law includes, but is not limited to, the Bank Secrecy Act.
(4) Records required to be maintained under
Paragraph (3) of this rule may be maintained in a photographic, electronic, or
other similar form at a central location within or outside the State of Georgia
provided specific records can be transmitted to a location designated by the
Department within ten (10) days of the date of the Department's request.
(5) Currency transaction reporting
requirements for financial institutions are contained in Chapter 80-9-1 of the
Department's regulations.
Notes
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