---
kind: "section"
citation: "31 C.F.R. § 1010.331"
title: "31"
number: "1010.331"
heading: "Reports relating to currency in excess of $10,000 received as bail by court clerks."
url: "https://uscodex.org/cfr/31/1010.331"
---

# §1010.331. Reports relating to currency in excess of $10,000 received as bail by court clerks.

- (a) **Reporting requirement—**
  - (1) **In general.** Any clerk of a Federal or State court who receives more than $10,000 in currency as bail for any individual charged with a specified criminal offense must make a report of information with respect to that receipt of currency. For purposes of this section, a clerk is the clerk's office or the office, department, division, branch, or unit of the court that is authorized to receive bail. If someone other than a clerk receives bail on behalf of a clerk, the clerk is treated as receiving the bail for purposes of this [paragraph (a)](#a).
  - (2) **Certain financial transactions.** Section 6050I of [title 26](/cfr/26.md) of the United States Code requires clerks to report information about financial transactions to the IRS, and [31 U.S.C. 5331](/usc/31/5331.md) require clerks to report the same information to the Financial Crimes Enforcement Network. This information shall be reported on the same form as prescribed by the Secretary.
- (b) **Meaning of terms.** The following definitions apply for purposes of this section—
  - (1) **The term <I>currency</I> means—**
    - (i) The coin and currency of the United States, or of any other country, that circulate in and are customarily used and accepted as money in the country in which issued; and
    - (ii) A cashier's check (by whatever name called, including treasurer's check and bank check), bank draft, traveler's check, or money order having a face amount of not more than $ 10,000.
  - (2) **The term <I>specified criminal offense</I> means—**
    - (i) A Federal criminal offense involving a controlled substance (as defined in section 802 of [title 21](/cfr/21.md) of the United States Code), provided the offense is described in Part D of Subchapter I or Subchapter II of [title 21](/cfr/21.md) of the United States Code;
    - (ii) Racketeering (as defined in section 1951, 1952, or 1955 of [title 18](/cfr/18.md) of the United States Code);
    - (iii) Money laundering (as defined in section 1956 or 1957 of [title 18](/cfr/18.md) of the United States Code); and
    - (iv) Any State criminal offense substantially similar to an offense described in this [paragraph (b)(2)](#b-2) of this section.
- (c) **Time, form, and manner of reporting.**
  - (1) **In general.** The reports required by [paragraph (a)](#a) of this section must be made by filing a Form 8300, as specified in [26 CFR 1.6050I-2(c)(2)](/cfr/26/1.6050I-2.md?p=c-2). The report must be filed at the time and in the manner specified in 26 CFR [1.6050I-2(c)(1)](/cfr/26/1.6050I-2.md?p=c-1) and [(3)](/cfr/26/1.6050I-2.md?p=c-3), respectively.
  - (2) **Verification of identity.** A clerk required to make a report under this section must, in accordance with [26 CFR 1.6050I-2(c)(3)(ii)](/cfr/26/1.6050I-2.md?p=c-3-ii), verify the identity of each payor of bail listed in the report.

## Notes

### Amendments

[77 FR 33637, June 7, 2012]

### Authority

Authority: 12 U.S.C. 1829b and 1951-1959; 31 U.S.C. 5311-5314, 5316-5336; title III, sec. 314 Pub. L. 107-56, 115 Stat. 307; sec. 2006, Pub. L. 114-41, 129 Stat. 457; sec. 701 Pub. L. 114-74, 129 Stat. 599; sec. 6403, Pub. L. 116-283, 134 Stat. 3388.

### Source

Source: 75 FR 65812, Oct. 26, 2010, unless otherwise noted.

### Amendments

[77 FR 33637, June 7, 2012]