[Code of Federal Regulations]
[Title 32, Volume 2, Parts 191 to 399]
[Revised as of July 1, 1998]
From the U.S. Government Printing Office via GPO Access
[CITE: 32CFR275.10]

[Page 605-606]
 
                       TITLE 32--NATIONAL DEFENSE
 
                               (CONTINUED)
 
PART 275--OBTAINING INFORMATION FROM FINANCIAL INSTITUTIONS: RIGHTS TO FINANCIAL PRIVACY ACT OF 1978--Table of Contents
 
Sec. 275.10  Requests for financial records in connection with foreign intelligence and foreign counterintelligence activities.

    (a) Except as specified in paragraph (b) of this section, nothing in 
this part shall apply to requests for financial records in connection 
with authorized foreign intelligence and foreign counterintelligence 
activities as defined in E.O. 12036, January 24, 1978.
    (b) When a request for financial records is made under paragraph (a) 
of this section, a Component official designated by the Secretary of 
Defense, the Secretary of a Military Department, or the Head of the DoD 
Component authorized to conduct foreign intelligence and foreign 
counterintelligence activities shall certify to the financial 
institution that the requesting Component has complied with the 
provisions of 12 U.S.C. 3401 et seq. Such certification, in a format 
similar to enclosure 4 of this part, shall be made before obtaining any 
records.

[[Page 606]]

    (c) A Component requesting financial records under paragraph (a) of 
this section, may notify the financial institution from which records 
are sought that section 3414(3) of 12 U.S.C., prohibits disclosure to 
any person by the institution, its agents, or employees that financial 
records have been sought or obtained.
    (d) The annual reporting requirements of Sec. 275.14 shall apply to 
any request for access under paragraph (a) of this section.
[45 FR 17576, Mar. 19, 1980. Redesignated and amended at 56 FR 57984, 
Nov. 15, 1991]