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30 chapters · 545 sections in this title.
Ala. Code § 5-22-1 Purpose
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It is the purpose of this chapter to require submission to the State Revenue Department of 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 o…
Ala. Code § 5-22-2 Definitions
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For the purpose of this chapter, the following terms shall have the meanings ascribed by this section: (1) CURRENCY. Currency and coin of the United States. (2) FINANCIAL INSTITUTION. Any national bank or banking association, state bank or banking association, industrial savings …
Ala. Code § 5-22-3 Record of Currency Transactions; Report on Written Request; When No Longer Required; Compliance with Federal Law Sufficient; Multiple Transactions; Disclosures
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(a) Every financial institution shall keep a record of each of its currency transactions as required by 31 U.S.C. §5313 and regulations pursuant thereto, as the same may be amended from time to time (“federal monetary transaction records and reports requirement”). Upon the writte…
Ala. Code § 5-22-4 Effect of Federal Exemptions
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All exemptions from recordkeeping and reporting requirements under the federal monetary transaction records and reports requirement shall be available to financial institutions under this chapter. This chapter shall not require any recordkeeping or reporting of currency transacti…