Bank Secrecy Act (31 U.S.C.) § 5322 — Criminal penalties
Bank Secrecy Act (31 U.S.C.), §5322 Criminal penalties. Captured section-complete from Cornell LII (verbatim).
Verbatim regulatory text
Verbatim provisions from Bank Secrecy Act (31 U.S.C.) § 5322 — Criminal penalties — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
31 U.S.C. §5322(a)
(a) A person willfully violating this subchapter or a regulation prescribed or order issued under this subchapter (except section 5315 , 5324 , or 5336 of this title or a regulation prescribed under section 5315, 5324, or 5336), or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508 , shall be fined not more than $250,000, or imprisoned for not more than five years, or both.
31 U.S.C. §5322(b)
(b) A person willfully violating this subchapter or a regulation prescribed or order issued under this subchapter (except section 5315 , 5324 , or 5336 of this title or a regulation prescribed under section 5315, 5324, or 5336), or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508 , while violating another law of the United States or as part of a pattern of any illegal activity involving more than $100,000 in a 12-month period, shall be fined not more than $500,000, imprisoned for not more than 10 years, or both.
31 U.S.C. §5322(c)
(c) For a violation of section 5318(a)(2) of this title or a regulation prescribed under section 5318(a)(2), a separate violation occurs for each day the violation continues and at each office, branch, or place of business at which a violation occurs or continues.
31 U.S.C. §5322(d)
(d) A financial institution or agency that violates any provision of subsection (i) or (j) of section 5318, or any special measures imposed under section 5318A, or any regulation prescribed under subsection (i) or (j) of section 5318 or section 5318A, shall be fined in an amount equal to not less than 2 times the amount of the transaction, but not more than $1,000,000.
31 U.S.C. §5322(e)
(e) A person convicted of violating a provision of (or rule issued under) the Bank Secrecy Act , as defined in section 6003 of the Anti-Money Laundering Act of 2020, shall— (1) in addition to any other fine under this section, be fined in an amount that is equal to the profit gained by such person by reason of such violation, as determined by the court; and (2) if the person is an individual who was a partner, director, officer, or employee of a financial institution at the time the violation occurred, repay to such financial institution any bonus paid to the individual during the calendar year in which the violation occurred or the calendar year after which the violation occurred. ( Pub. L. 97–258 , Sept. 13, 1982 , 96 Stat. 1000 ; Pub. L. 98–473, title II, § 901(b) , Oct. 12, 1984 , 98 Stat. 2135 ; Pub. L. 99–570, title I , §§ 1356(c)(1), 1357(g), Oct. 27, 1986 , 100 Stat. 3207–24 , 3207–26; Pub. L. 102–550, title XV, § 1504(d)(2) , Oct. 28, 1992 , 106 Stat. 4055 ; Pub. L. 103–325, title IV, § 411(c)(1) , Sept. 23, 1994 , 108 Stat. 2253 ; Pub. L. 107–56, title III , §§ 353(b), 363(b), Oct. 26, 2001 , 115 Stat. 323 , 332; Pub. L. 116–283, div. F, title LXIII, § 6312(a) , title LXIV, § 6403(b)(2), Jan. 1, 2021 , 134 Stat. 4596 , 4623.) Historical and Revision Notes Revised Section Source (U.S. Code) Source (Statutes at Large) 5322(a) 31:1058. Oct. 26, 1970 , Pub. L. 91–508 , §§ 205(b)(last sentence related to criminal penalties), 209, 210, 84 Stat. 1120 , 1121. 5322(b) 31:1059. 5322(c) 31:1054(b)(last sentence related to criminal penalties). In subsections (a) and (b), the words “(except section 5315 of this title or a regulation prescribed under section 5315)” are added because 31:1141–1143 was not enacted as part of the Currency and Foreign Transactions Reporting Act that is restated in the subchapter. In subsection (a), the word “prescribed” is added for consistency. In subsection (b), the words “or a regulation prescribed under this subchapter” are added because of the restatement. The words “committed” and “the commission of” are omitted as surplus. The words “ United States ” are substituted for “Federal” for consistency in the revised title and with other titles of the United States Code. In subsection (c), the words “the purposes of both civil and criminal penalties for” are omitted because of the restatement. The word “separate” before “office” is omitted as surplus.