[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: 31CFR103.62]



[Page 420]

 

                  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. 103.62  Rewards for informants.



    (a) If an individual provides original information which leads to a 

recovery of a criminal fine, civil penalty, or forfeiture, which exceeds 

$50,000, for a violation of the provisions of the Act or of this part, 

the Secretary may pay a reward to that individual.

    (b) The Secretary shall determine the amount of the reward to be 

paid under this section; however, any reward paid may not be more than 

25 percent of the net amount of the fine, penalty or forfeiture 

collected, or $150,000, whichever is less.

    (c) An officer or employee of the United States, a State, or a local 

government who provides original information described in paragraph (a) 

in the performance of official duties is not eligible for a reward under 

this section.



[50 FR 18479, May 1, 1985]