Florida statute
Fla. Stat. § 896.102 — Currency more than $10,000 received in trade or business; report required; noncompliance penalties
Current through 2025 Florida Statutes
Part of Chapter 896: Offenses Related to Financial Transactions, Florida Statutes.
Criminal charges under this statute
Full text of Fla. Stat. § 896.102
Statutory text current through the 2025 Florida Statutes. This publication reproduces the official statutory text; it is not the official statutes of the State of Florida.
(1) All persons engaged in a trade or business, except for those financial institutions that report to the Office of Financial Regulation pursuant to s. 655.50, who receive more than $10,000 in currency, including foreign currency, in one transaction, or who receive this amount through two or more related transactions, must complete and file with the Department of Revenue the information required pursuant to 26 U.S.C. s. 6050I., concerning returns relating to currency received in trade or business. Any person who willfully fails to comply with the reporting requirements of this subsection is guilty of a misdemeanor of the first degree, punishable as provided in s. 775.082, or by a fine not exceeding $250,000 or twice the value of the amount of the currency transaction involved, whichever is greater, or by both such imprisonment and fine. For a second or subsequent conviction of a violation of the provisions of this subsection, the maximum fine that may be imposed is $500,000 or quintuple the value of the amount of the currency transaction involved, whichever is greater.
(2) The Department of Revenue shall enforce compliance with the provisions of subsection (1) and is to be the custodian of all information and documents filed pursuant to subsection (1). Such information and documents are confidential and exempt from the provisions of s. 119.07(1) and s. 24(a), Art. I of the State Constitution; however, the department must provide any report filed under this section, or information contained therein, to federal, state, and local law enforcement and prosecutorial agencies, to the Department of Financial Services, and to the Office of Financial Regulation, and the information is subject to disclosure pursuant to subpoena as provided in s. 213.053(9).
(3) The Department of Revenue may adopt rules and guidelines to administer and enforce these reporting requirements.
Official sources
Legal terms used in this section
Questions this section answers
Is currency more than $10,000 received in trade or business; report required; noncompliance penalties a felony or a misdemeanor in Florida?
Currency more than $10,000 received in trade or business; report required; noncompliance penalties is a Misdemeanor of the First Degree in Florida under Fla. Stat. § 896.102.
Which Florida statute covers currency more than $10,000 received in trade or business; report required; noncompliance penalties?
Currency more than $10,000 received in trade or business; report required; noncompliance penalties is governed by Fla. Stat. § 896.102 (Currency more than $10,000 received in trade or business; report required; noncompliance penalties).
This reference is informational and is not legal advice.