Reporting Statute
/ˈrɪpɔrtɪŋ ˈstætjuːt/
Definitions
- (n.) A statute that requires specific information or events to be reported to a designated authority, often to ensure regulatory compliance or public safety.
The reporting statute mandates that financial institutions disclose suspicious transactions to federal regulators.
Forms
- reporting statute
- reporting statutes
Related terms
See also
Commentary
Reporting statutes often specify the nature, timing, and recipient of the report, and failure to comply may result in penalties or legal consequences.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.