§ 1829b.
(c)
Identity of persons having accounts and persons authorized to act with respect to such accounts; exemptions
Subject to the requirements of any regulations prescribed jointly by the Secretary and the Board under paragraph (2) or (3) of subsection (b), each insured depository institution shall maintain such records and other evidence, in such form as the Secretary shall require, of the identity of each person having an account in the United States with the insured depository institution and of each individual authorized to sign checks, make withdrawals, or otherwise act with respect to any such account. The Secretary may make such exemptions from any requirement otherwise imposed under this subsection as are consistent with the purposes of this section.
(d)
Reproduction of checks, drafts, and other instruments; record of transactions; identity of party
Each insured depository institution shall make, to the extent that the regulations of the Secretary so require—
(1)
a microfilm or other reproduction of each check, draft, or similar instrument drawn on it and presented to it for payment; and
(2)
a record of each check, draft, or similar instrument received by it for deposit or collection, together with an identification of the party for whose account it is to be deposited or collected, unless the insured depository institution has already made a record of the party’s identity pursuant to subsection (c).
(e)
Identity of persons making reportable currency and foreign transactions
Subject to the requirements of any regulations prescribed jointly by the Secretary and the Board under paragraph (2) or (3) of subsection (b), whenever any individual engages (whether as principal, agent, or bailee) in any transaction with an insured depository institution which is required to be reported or recorded under subchapter II of chapter 53 of title 31, the insured depository institution shall require and retain such evidence of the identity of that individual as the Secretary may prescribe as appropriate under the circumstances.
([Sept. 21, 1950, ch. 967, § 2][21], as added [Pub. L. 91–508, title I, § 101], Oct. 26, 1970, [84 Stat. 1114]; amended [Pub. L. 95–369, § 6(c)(29)], Sept. 17, 1978, [92 Stat. 620]; [Pub. L. 100–690, title VI, § 6185(d)(1)], Nov. 18, 1988, [102 Stat. 4356]; [Pub. L. 101–73, title II, § 201(a)], Aug. 9, 1989, [103 Stat. 187]; [Pub. L. 102–550, title XV], §§ 1515(a), (b), 1535(b), Oct. 28, 1992, [106 Stat. 4058], 4059, 4066; [Pub. L. 103–325, title VI, § 602(a)(52)]–(54), Sept. 23, 1994, [108 Stat. 2290]; [Pub. L. 107–56, title III, § 358(d)], Oct. 26, 2001, [115 Stat. 326]; [Pub. L. 108–458, title VI, § 6203(k)], Dec. 17, 2004, [118 Stat. 3747].)