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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter I - Monetary Offices, Department of the Treasury |
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Part 103 - FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS |
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Subpart I - Anti-Money Laundering Programs |
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Special Due Diligence for Correspondent Accounts and Private Banking Accounts |
§ 103.183 - Deferred due diligence programs for other financial institutions.
Latest version.
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(a)
Exempt financial institutions. Except as provided in § 103.181 and § 103.182, a financial institution defined in 31 U.S.C. 5312(a)(2) and (c)(1) or § 103.11(n) is exempt from the requirements of 31 U.S.C. 5318(i).(b)
Other compliance obligations of financial institutions unaffected. Nothing in this section shall be construed to relieve a financial institution from its responsibility to comply with anyother applicable requirement of law or regulation, including title 31 of the United States Code and this part.