32-8-309. Recordkeeping and reporting -- suspicious activity. In addition to compliance with applicable provisions of the Bank Secrecy Act, a foreign capital depository shall:
(1) keep a written or electronic record of each wire transfer or other electronic means of transferring capital to the depository for at least 5 years when the transfer involves $3,000 or more; and
(2) comply with federal regulation and rules of the department concerning the form of a suspicious activity report and the conditions under which a suspicious activity report is required to be reported to a supervisory agency or to the U.S. department of the treasury.
History: En. Sec. 19, Ch. 382, L. 1997.