It is the purpose of this article to require certain reports and records of transactions involving United States currency where such reports and records have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings. History. Code 1981, § 7-1-910 , enacted by Ga. L. 1982, p. 2219, § 1.
As used in this article, the term: “Commissioner” means the commissioner of banking and finance. “Conducts” includes initiating, concluding, or participating in initiating or concluding a transaction. “Currency” means currency and coin of the United States. “Currency transaction” means a transaction: Initiated from the receipt or payment of currency or concluding with the receipt or […]
Financial institutions and other money service businesses are required by state law to comply with the filing, reporting, and record-keeping requirements provided for in federal law. The department may promulgate regulations that specify additional requirements for currency transaction reports, record keeping, and suspicious activity reports. Pursuant to federal law, a financial institution must keep a […]
The Georgia Bureau of Investigation and the Department of Revenue shall have access to and shall be authorized to inspect and copy any reports filed with the department pursuant to this article. In addition, unless prohibited by federal law or by any agreements with federal authorities, the Georgia Bureau of Investigation and the Department of […]
For each willful violation of this article, the commissioner may assess upon any financial institution and upon any director, officer, or employee thereof who willfully participates in the violation a civil penalty not exceeding $1,000.00. In the event of the failure of any person to pay any penalty assessed under this Code section, a civil […]
Except as provided in subsection (b) of this Code section, whoever willfully violates any provision of this article shall be guilty of a misdemeanor. Whoever willfully violates any provision of this article where the violation is: Committed in furtherance of the commission of any other violation of Georgia law; or Committed as part of a […]
All property of every kind used or intended for use in the course of, derived from, or realized through a transaction which in fact involves the proceeds of unlawful activity specified in Chapter 14 of Title 16 or otherwise subject to the provisions of this article shall be subject to forfeiture to the state. Forfeiture […]
