§ 3111. Criminal penalty

Statutory text

Whoever, with the intent to deceive, to gain financially, or to cause financial gain or loss to any person, knowingly violates any provision of this chapter or any regulation or order issued by the appropriate Federal banking agency under this chapter shall be imprisoned not more than 5 years or fined not more than $1,000,000 for each day during which a violation continues, or both.

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.

1991
International Banking Act of 1978
Pub. L. 95–369 § 17 · 92 Stat. 607
Enacted · 12 U.S.C. § 3111
(Pub. L. 95–369, § 17, as added Pub. L. 102–242, title II, § 213, Dec. 19, 1991, 105 Stat. 2303.)
Source evidence
Code source credit
(Pub. L. 95–369, § 17, as added Pub. L. 102–242, title II, § 213, Dec. 19, 1991, 105 Stat. 2303.)
Enacted provision · exact public law section
(17) Section 11(c) is amended by inserting “, insured Federal 12 USC 1821. branch of a foreign bank,” immediately before “or insured District bank,”.

1 of 1 references resolved to an enrolled provision

Editorial Notes

References in Text

For definition of “this chapter”, referred to in text, see References in Text note set out under section 3101 of this title.

Credits

(Pub. L. 95–369, § 17, as added Pub. L. 102–242, title II, § 213, Dec. 19, 1991, 105 Stat. 2303.)