Ask Reggi Your Question Now
Can you summarize 31 CFR 1010.100?
General Definitions > General definitions.
Short Summary
This document provides general definitions of terms used in the Code of Federal Regulations related to money and finance. It applies to various types of financial institutions, including banks, brokers or dealers in securities, money services businesses, casinos, card clubs, loan or finance companies, and other entities engaged in financial activities. The document clarifies the meanings of terms such as ‘accept,’ ‘bank,’ ‘currency,’ ‘financial institution,’ ‘money services business,’ and many others. It also includes definitions for specific terms related to different types of financial institutions. The document does not mention any exemptions or penalties for non-compliance.
Whom does it apply to?
Financial institutions, banks, brokers or dealers in securities, money services businesses, casinos, card clubs, loan or finance companies, and other entities engaged in financial activities
What does it govern?
General Definitions
What are exemptions?
Exemptions are not mentioned in this document.
What are the Penalties?
Penalties for non-compliance are not mentioned in this document.
Jurisdiction
U.S. Federal Government