Title 12 — Banks and Banking
Chapter 21 — Financial Recordkeeping
§ 1957. Additional criminal penalty in certain cases
Statutory text
Whoever willfully violates, or willfully causes a violation of any regulation under this chapter, section 1829b of this title, or section 1730d 1 of this title, where the violation is committed in furtherance of the commission of any violation of Federal law punishable by imprisonment for more than one year, shall be fined not more than $10,000 or imprisoned not more than five years, or both.
Footnotes
- 1 See References in Text note below.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 91–508 title I § 127 · 84 Stat. 1114
Enacted · 12 U.S.C. § 1957
Pub. L. 91–508, title I, § 127, Oct. 26, 1970, 84 Stat. 1118
Source evidence
Code source credit
Pub. L. 91–508, title I, § 127, Oct. 26, 1970, 84 Stat. 1118Enacted provision · exact public law section
§ 127. Additional criminal penalty in certain cases Ante, p. 1114. Ante, p. 1116. 80 Stat. 381. Whoever willfully violates any regulation under this chapter, section 21 of the Federal Deposit Insurance Act, or section 411 of the National Housing Act, where the violation is committed in furtherance of the commission of any violation of Federal law punishable by imprisonment for more than one year, shall be fined not more than $10,000 or imprisoned not more than five years, or both.AnnunzioWylie Anti-Money Laundering Act
Pub. L. 102–550 title XV § 1535(c)(2) · 106 Stat. 3672
Inserted · 12 U.S.C. § 1957
Pub. L. 102–550 inserted “, or willfully causes a violation of” after “Whoever willfully violates”
Source evidence
Code amendment note
Pub. L. 102–550 inserted “, or willfully causes a violation of” after “Whoever willfully violates”.Enacted provision · exact public law section
(2) in section 127, by inserting “, or willfully causes a 12 USC 1957. violation of after “Whoever willfully violates”.
2 of 2 references resolved to an enrolled provision
Editorial Notes
References in Text
Section 1730d of this title, referred to in text, was repealed by Pub. L. 101–73, title IV, § 407, , 103 Stat. 363.
Amendments
1992—Pub. L. 102–550 inserted “, or willfully causes a violation of” after “Whoever willfully violates”.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective on first day of seventh calendar month which begins after , except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such regulations in the Federal Register and not later than first day of thirteenth calendar month which begins after , see section 401(a), (b) of Pub. L. 91–508, set out as a note under section 1951 of this title.
Credits
1970–1992 · 2 acts
- 1970Pub. L. 91–508, title I, § 127, , 84 Stat. 1118
- 1992Pub. L. 102–550, title XV, § 1535(c)(2), , 106 Stat. 4067.
Show as published
(Pub. L. 91–508, title I, § 127, , 84 Stat. 1118; Pub. L. 102–550, title XV, § 1535(c)(2), , 106 Stat. 4067.)