[Code of Federal Regulations]

[Title 31, Volume 1]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR103.59]



[Page 419]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

                       DEPARTMENT OF THE TREASURY

 

PART 103_FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN 

TRANSACTIONS--Table of Contents

 

                      Subpart E_General Provisions

 

Sec. 103.59  Criminal penalty.



    (a) Any person who willfully violates any provision of Title I of 

Pub. L. 91-508, or of this part authorized thereby may, upon conviction 

thereof, be fined not more than $1,000 or be imprisoned not more than 1 

year, or both. Such person may in addition, if the violation is of any 

provision authorized by Title I of Pub. L. 91-508 and if the violation 

is committed in furtherance of the commission of any violation of 

Federal law punishable by imprisonment for more than 1 year, be fined 

not more than $10,000 or be imprisoned not more than 5 years, or both.

    (b) Any person who willfully violates any provision of Title II of 

Pub. L. 91-508, or of this part authorized thereby, may, upon conviction 

thereof, be fined not more than $250,000 or be imprisoned not more than 

5 years, or both.

    (c) Any person who willfully violates any provision of Title II of 

Pub. L. 91-508, or of this part authorized thereby, where the violation 

is either

    (1) Committed while violating another law of the United States, or

    (2) Committed as part of a pattern of any illegal activity involving 

more than $100,000 in any 12-month period, may, upon conviction thereof, 

be fined not more than $500,000 or be imprisoned not more than 10 years, 

or both.

    (d) Any person who knowingly makes any false, fictitious or 

fraudulent statement or representation in any report required by this 

part may, upon conviction thereof, be fined not more than $10,000 or be 

imprisoned not more than 5 years, or both.



[37 FR 6912, Apr. 5, 1972, as amended at 50 FR 18479, May 1, 1985; 53 FR 

4138, Feb. 12, 1988]



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