TREASURY DIRECTIVE 15-23

Date: December 1, 1992

Sunset Review: TBD

Expiration Date: TBD

SUBJECT: Bank Secrecy Act -- U.S. Customs Service

1. DELEGATION. This directive delegates to the Commissioner of Customs the functions, rights, privileges, powers, and duties of the Secretary of the Treasury under the Bank Secrecy Act (31 U.S.C. 5311-5326) to:

a. disseminate copies of the reports required under the provisions of the Department of the Treasury regulations subject to the guidelines and procedures which have been approved by the Assistant Secretary (Enforcement);

b. remit any part of a forfeiture of currency or other monetary instruments not in excess of $500,000 seized under 31 U.S.C. Section 5317(c), subject to the guidelines and procedures which have been approved by the Assistant Secretary (Enforcement);

c. investigate possible violations of 31 CFR 103.24 and 103.32, regarding reporting and recordkeeping on foreign accounts;

d. assure compliance with the requirements of 31 CFR 103.23;

e. issue summons with respect to 31 CFR 103.23 as authorized by 31 CFR 103.61 and 103.62(c).

2. REDELEGATION. This authority may be redelegated.

3. CANCELLATION. Treasury Directive 15-23, "Currency and Foreign Transactions Reporting Act - Customs," dated August 20, 1987, is superseded.

4. OFFICE OF PRIMARY INTEREST. Office of the Assistant Secretary (Enforcement).

Peter K. Nunez

Assistant Secretary (Enforcement)