§ 5331. Reports relating to coins and currency received in nonfinancial trade or business

• (a) Any person—
  • (1)
    • (A) who is engaged in a trade or business, and
    • (B) who, in the course of such trade or business, receives more than $10,000 in coins or currency in 1 transaction (or 2 or more related transactions), or
  • (2) who is required to file a report under section 6050I(g) of the Internal Revenue Code of 1986,
• (b) A report is described in this subsection if such report—
  • (1) is in such form as the Secretary may prescribe;
  • (2) contains—
    • (A) the name and address, and such other identification information as the Secretary may require, of the person from whom the coins or currency was received;
    • (B) the amount of coins or currency received;
    • (C) the date and nature of the transaction; and
    • (D) such other information, including the identification of the person filing the report, as the Secretary may prescribe.
• (c)
  • (1) Subsection (a) shall not apply to amounts received in a transaction reported under section 5313 and regulations prescribed under such section.
  • (2) Except to the extent provided in regulations prescribed by the Secretary, subsection (a) shall not apply to any transaction if the entire transaction occurs outside the United States.
• (d)
  • (1) For purposes of this section, the term “currency” includes—
    • (A) foreign currency; and
    • (B) to the extent provided in regulations prescribed by the Secretary, any monetary instrument (whether or not in bearer form) with a face amount of not more than $10,000.
  • (2) Paragraph (1)(B) shall not apply to any check drawn on the account of the writer in a financial institution referred to in subparagraph (A), (B), (C), (D), (E), (F), (G), (J), (K), (R), or (S) of section 5312(a)(2).