Sec. 10. Consideration of certain transactions involving precious metals for purposes of identifying primary money laundering concerns
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/bill/119/s/3496/is/section-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 5318A(c)(2) of title 31, United States Code, is amended— in subparagraph (A)— by redesignating clauses
(iii)through
(vii)as clauses
(iv)through (viii), respectively; and by inserting after clause
(ii)the following: the extent to which the jurisdiction or financial institutions operating in that jurisdiction facilitate transactions involving the mining, sale, or trade of precious metals subject to any sanctions imposed by the United States; ; and in subparagraph (B)— by redesignating clauses
(ii)and
(iii)as clauses
(iii)and (iv), respectively; and by inserting after clause
(i)the following: the extent to which such financial institutions are used to facilitate transactions involving the mining, sale, or trade of precious metals and are subject to any sanctions imposed by the United States; .