# Fla. Stat. § 896.102: 896.102 Currency more than $10,000 received in trade or business; report required; noncompliance penalties

> Florida · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.102

## Section

- **Citation:** Fla. Stat. § 896.102
- **Heading:** 896.102 Currency more than $10,000 received in trade or business; report required; noncompliance penalties
- **Jurisdiction:** Florida
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Florida Code / Title XLVI / Chapter 896 / Section 896.102

## Text

(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.

History: ss. 31, 33, ch. 87-243; s. 18, ch. 88-381; s. 1, ch. 94-187; s. 433, ch. 96-406; s. 29, ch. 98-342; s. 1917, ch. 2003-261; s. 8, ch. 2006-85.

## Nearby sections

- [Fla. Stat. § 896.101 896.101 Florida Money Laundering Act; definitions; penalties; injunctions; seizure warrants; immunity.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.101.md)
- [Fla. Stat. § 896.102 896.102 Currency more than $10,000 received in trade or business; report required; noncompliance penalties.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.102.md)
- [Fla. Stat. § 896.103 896.103 Transaction which constitutes separate offense.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.103.md)
- [Fla. Stat. § 896.104 896.104 Structuring transactions to evade reporting or registration requirements prohibited.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.104.md)
- [Fla. Stat. § 896.105 896.105 Penalty provisions not applicable to law enforcement.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.105.md)
- [Fla. Stat. § 896.106 896.106 Fugitive disentitlement.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.106.md)
- [Fla. Stat. § 896.107 896.107 Rewards for informants.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.107.md)
- [Fla. Stat. § 896.108 896.108 Rewards for private entities combating international money laundering.](https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.108.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_FL_TXLVI_C896_S896.102. Check the current official text before relying on it. Not legal advice.