(1)  Under this part each individual currency transaction exceeding $10,000 and made in violation of Subsection 76-10-1906(1) or each financial transaction in violation of Section 76-10-1903 or 76-10-1904 involving the movement of funds in excess of $10,000 is a separate punishable offense.

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Terms Used In Utah Code 76-10-1907

  • Currency: includes United States silver certificates, United States notes, Federal Reserve notes, and foreign bank notes customarily used and accepted as a medium of exchange in a foreign country. See Utah Code 76-10-1902
  • Financial transaction: means a transaction:
(a) involving the movement of funds by wire or other means or involving one or more monetary instruments, which in any way or degree affects commerce; or
(b) involving the use of a financial institution that is engaged in, or its activities affect commerce in any way or degree. See Utah Code 76-10-1902
  • Offense: means a violation of any penal statute of this state. See Utah Code 76-1-101.5
  • transaction: includes a deposit, withdrawal, transfer between accounts, exchange of currency, loan, extension of credit, purchase or sale of a stock, bond, certificate of deposit, or other monetary instrument, or any other payment, transfer, or delivery by, through, or to a financial institution, by whatever means effected. See Utah Code 76-10-1902
    • (2)  Under this part each failure to file a report as required under Subsection 76-10-1906(1) is a separate punishable offense.

    Enacted by Chapter 241, 1989 General Session

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