# 31 CFR § 1010.205: Exempted anti-money laundering programs for certain financial institutions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.205

## Section

- **Citation:** 31 CFR § 1010.205
- **Heading:** Exempted anti-money laundering programs for certain financial institutions
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER X—FINANCIAL CRIMES ENFORCEMENT NETWORK, DEPARTMENT OF THE TREASURY > PART 1010—GENERAL PROVISIONS > Subpart B—Programs

## Text

(a) Exempt financial institutions. Subject to the provisions of paragraphs (c) and (d) of this section, the following financial institutions (as defined in 31 U.S.C. 5312(a)(2) or (c)(1)) are exempt from the requirement in 31 U.S.C. 5318(h)(1) concerning the establishment of anti-money laundering programs:
(1) An agency of the United States Government, or of a State or local government, carrying out a duty or power of a business described in 31 U.S.C. 5312(a)(2); and
(2) [Reserved]
(b) Temporary exemption for certain financial institutions. (1) Subject to the provisions of paragraphs (c) and (d) of this section, the following financial institutions (as defined in 31 U.S.C. 5312(a)(2) or (c)(1)) are exempt from the requirement in 31 U.S.C. 5318(h)(1) concerning the establishment of anti-money laundering programs:
(i) Pawnbroker;
(ii) Travel agency;
(iii) Telegraph company;
(iv) Seller of vehicles, including automobiles, airplanes, and boats;
(v) Person involved in real estate closings and settlements;
(vi) Commodity pool operator;
(vii) Commodity trading advisor; or
(viii) Investment company.
(2)—(3) [Reserved]
(c) Limitation on exemption. The exemptions described in paragraph (b) of this section shall not apply to any financial institution that is otherwise required to establish an anti-money laundering program by this chapter.
(d) Compliance obligations of deferred financial institutions. Nothing in this section shall be deemed to relieve an exempt financial institution from its responsibility to comply with any other applicable requirement of law or regulation, including title 31 of the U.S.C. and this chapter.
[75 FR 65812, Oct. 26, 2010, as amended at 77 FR 8157, Feb. 14, 2012; 85 FR 57137, Sept. 15, 2020]

## Nearby sections

- [31 CFR § 1010.100 § 1010.100 General definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.100.md)
- [31 CFR § 1010.200 § 1010.200 General.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.200.md)
- [31 CFR § 1010.205 § 1010.205 Exempted anti-money laundering programs for certain financial institutions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.205.md)
- [31 CFR § 1010.210 § 1010.210 Anti-money laundering programs.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.210.md)
- [31 CFR § 1010.220 § 1010.220 Customer identification program requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.220.md)
- [31 CFR § 1010.230 § 1010.230 Beneficial ownership requirements for legal entity customers.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.230.md)
- [31 CFR § 1010.300 § 1010.300 General.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.300.md)
- [31 CFR § 1010.301 § 1010.301 Determination by the Secretary.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.301.md)
- [31 CFR § 1010.306 § 1010.306 Filing of reports.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.306.md)
- [31 CFR § 1010.310 § 1010.310 Reports of transactions in currency.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.310.md)
- [31 CFR § 1010.311 § 1010.311 Filing obligations for reports of transactions in currency.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.311.md)
- [31 CFR § 1010.312 § 1010.312 Identification required.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.312.md)
- [31 CFR § 1010.313 § 1010.313 Aggregation.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.313.md)
- [31 CFR § 1010.314 § 1010.314 Structured transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.314.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-1010.205. Check the current official text before relying on it. Not legal advice.