Sec. 5. Structuring transactions to evade reporting requirement prohibited

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Section 5324 of title 31, United States Code, is amended— in subsection (a)— in the matter preceding paragraph (1), by inserting knowingly after Public Law 91–508 ; and in paragraph (3), by inserting of funds not derived from a legitimate source after any transaction ; in subsection (b), in the matter preceding paragraph (1), by inserting knowingly after such section ; and in subsection (c), in the matter preceding paragraph (1), by inserting knowingly after section 5316 . Section 5317 of title 31, United States Code, is amended by adding at the end the following:

Not later than 14 days after the date on which notice is provided under paragraph (2)— a court of competent jurisdiction shall conduct a hearing on any property seized or restrained under subsection (c)(2) with respect to an alleged violation of section 5324; and any property described in subparagraph

(A)shall be returned unless the court finds that there is probable cause to believe that there is a violation of section 5324 involving the property. Each person from whom property is seized or restrained under subsection (c)(2) with respect to an alleged violation of section 5324 shall be notified of the right of the person to a hearing under paragraph (1). . The amendment made by paragraph

(1)shall apply to property seized or restrained after the date of enactment of this Act.

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Pub. L. 91-508

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Sec. 5

Structuring transactions to evade reporting requirement prohibited

Pub. L.Pub. L. 91-508

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