Title 12 — Banks and BankingRelease 119-73

§3111 Criminal penalty

Title 12 › Chapter CHAPTER 32— - FOREIGN BANK PARTICIPATION IN DOMESTIC MARKETS › § 3111

Last updated Apr 6, 2026|Official source

Summary

Knowingly breaking the chapter’s rules to deceive, to gain money, or to cause someone else financial gain or loss can bring up to 5 years in prison and a $1,000,000 fine for each day the violation continues.

Full Legal Text

Title 12, §3111

Banks and Banking — Source: USLM XML via OLRC

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

Notes & Related Subsidiaries

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.

Reference

Citations & Metadata

Citation

12 U.S.C. § 3111

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73