896.102 Currency more than $10,000 received in trade or business; report required; noncompliance penalties.—
(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.
Cited 11 times | Published | Florida 1st District Court of Appeal | 1994 WL 101091
...§§ 20.21(3)(c)-(d), 212.18(2); 212.15(1)-(2), Fla. Stat. (1987); § 213.34, Fla. Stat. (1989); see also § 212.0505, Fla. Stat. (1987) (dealing with sale of drugs); §§ 212.02(14), 212.05(1), Fla. Stat. (1987) (dealing with sales or use tax in general); § 896.102, Fla....
Cited 3 times | Published | Florida 2nd District Court of Appeal | 2008 WL 2468688
...City of Bradenton police officers approached Johnson during a robbery investigation and noticed that he had a large roll of cash, discovered to be $10,020, in his possession. Johnson stated that the money came from his mother's business. The officers arrested Johnson for a violation of section 896.102, Florida Statutes (2006), for failing to report receipt of more than $10,000 in currency received in trade or business....
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