KRS 286.9-105: Filing reports of federal currency reporting, recordkeeping, and

suspicious transaction reporting.

(1) Every licensee required to register with the United States Treasury Financial Crimes

Enforcement Network shall file with the commissioner all repo rts by federal

currency reporting, recordkeeping, and suspicious transaction reporting

requirements as set forth in the Bank Secrecy Act, 31 U.S.C. secs. 5311 to 5332, 31

C.F.R. pt. 103, and other federal and state laws pertaining to money laundering, for

every transaction in this state. Every licensee required to register with the United

States Treasury Financial Crimes Enforcement Network shall maintain copies of

these reports in its records in compliance with KRS 286.9 -074, or for a time period

longer than allowed by KRS 286.9-074, where federal law prescribes.

(2) The timely filing with the appropriate federal agency of a complete and accurate

report required under subsection (1) of this section is deemed to be in compliance

with the requirements of subs ection (1) of this section, unless the commissioner

notifies the licensee that reports of the type required in subsection (1) of this section

are not being regularly and comprehensively transmitted to the federal agency.