Bank Secrecy Act (31 U.S.C.) § 5311 — Declaration of purpose
Bank Secrecy Act (31 U.S.C.), §5311 Declaration of purpose. Captured section-complete from Cornell LII (verbatim).
Verbatim regulatory text
Verbatim provisions from Bank Secrecy Act (31 U.S.C.) § 5311 — Declaration of purpose — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
31 U.S.C. §5311
It is the purpose of this subchapter (except section 5315 ) to— (1) require certain reports or records that are highly useful in— (A) criminal, tax, or regulatory investigations, risk assessments, or proceedings; or (B) intelligence or counterintelligence activities, including analysis, to protect against terrorism; (2) prevent the laundering of money and the financing of terrorism through the establishment by financial institutions of reasonably designed risk-based programs to combat money laundering and the financing of terrorism; (3) facilitate the tracking of money that has been sourced through criminal activity or is intended to promote criminal or terrorist activity; (4) assess the money laundering, terrorism finance, tax evasion, and fraud risks to financial institutions , products, or services to— (A) protect the financial system of the United States from criminal abuse; and (B) safeguard the national security of the United States ; and (5) establish appropriate frameworks for information sharing among financial institutions , their agents and service providers, their regulatory authorities, associations of financial institutions , the Department of the Treasury , and law enforcement authorities to identify, stop, and apprehend money launderers and those who finance terrorists. (Added Pub. L. 116–283, div. F, title LXI, § 6101(a) , Jan. 1, 2021 , 134 Stat. 4549 .)
Operationalizing Bank Secrecy Act (31 U.S.C.) § 5311 — Declaration of purpose
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To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/bsa-31usc-5311/
· register bsa-31usc-5311 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.