Ga. Comp. R. & Regs. R. 80-9-1-.01 - State Requirements

(1) A financial institution required to report any currency transaction in excess of $10,000 including a transaction in excess of $100,000 may satisfy state currency transaction filing and reporting requirements by filing a timely report (FinCEN Form 104) with the federal authority designated in the Currency and Foreign Transaction Reporting Act of 1970 ("Bank Secrecy Act").

(2) Banks and credit unions are required to follow federal guidelines for detecting abuses or the structuring of transactions designed to avoid Bank Secrecy Act reporting.

Notes

Ga. Comp. R. & Regs. R. 80-9-1-.01

O.C.G.A. §§ 7-1-61, 7-1-689, 7-1-706.

Original Rule entitled "Application of Reporting Requirements" adopted. F. July 24, 1986; eff. September 1, 1986, as specified by the Agency. Repealed: F. Sept. 4, 1990; eff. Sept. 24, 1990. Amended: New Rule entitled "State Requirements" adopted. F. Aug. 26, 1997; eff. Sept. 15, 1987. Amended: F. Aug. 22, 2006; eff. Sept. 11, 2006. Amended: F. Jun. 10, 2014; eff. Jun. 30, 2014. Amended: F. Dec. 16, 2021; eff. Jan. 5, 2022.