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Jul 26, 1990 ... sections 311 and 312 of title III of SARA. ... Superfund Amendments and Reauthorization Act of 1986 (SARA) .... 31.2 of title. III of the Superfund Amendments and ..... mandated.
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Sections 311 and 312 refer to certain reporting requirements under the Bank Secrecy Act.
Financial institutions such as banks, credit unions, and money service businesses are required to file sections 311 and 312.
Sections 311 and 312 must be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of sections 311 and 312 is to help combat money laundering and terrorist financing by requiring certain financial institutions to report specific information.
Information such as customer identification, transaction details, and suspicious activity must be reported on sections 311 and 312.
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