76-10-1906 - Reporting -- Criminal and civil penalties -- Enforcement. - Utah Statutes

76-10-1906. Reporting -- Criminal and civil penalties -- Enforcement.
(1) (a) A person engaged in a trade or business, except a financial institution, whoreceives more than $10,000 as described in Subsection (1)(b) shall complete and file with theState Bureau of Investigation the information required by 26 U.S.C. Sec. 6050I, concerningreturns relating to currency received in trade or business.
(b) Subsection (1)(a) applies if the person described in Subsection (1) receives more than$10,000 in domestic or foreign currency:
(i) in one transaction; or
(ii) through two or more related transactions during one business day.
(c) A person who knowingly and intentionally fails to comply with the reportingrequirements of this Subsection (1) is:
(i) on a first conviction, guilty of a class C misdemeanor; and
(ii) on a second or subsequent conviction, guilty of a class A misdemeanor.
(d) A person is guilty of a third degree felony who knowingly and intentionally violatesthis Subsection (1) and the violation is committed either:
(i) in furtherance of the commission of any other violation of state law; or
(ii) as part of a pattern of illegal activity involving transactions exceeding $100,000 inany 12-month period.
(2) (a) The State Bureau of Investigation and the Office of the Attorney General:
(i) shall enforce compliance with Subsection (1); and
(ii) are custodians of and have access to all information and documents filed underSubsection (1).
(b) The information is confidential, except a law enforcement agency, county attorney, ordistrict attorney, when establishing a clear need for the information for investigative purposes,shall have access to the information and shall maintain the information in a confidential mannerexcept as otherwise provided by the Utah Rules of Criminal Procedure.

Amended by Chapter 268, 2008 General Session