§41306 Report to Congress on banking law offenses

Summary

The Attorney General must gather detailed information about civil and criminal investigations, prosecutions, and other enforcement or recovery actions involving banking law offenses under sections 981, 1008, 1032, and 3322(d) of title 18 and section 1833a of title 12, including conspiracies and inactive investigations. The Attorney General must count inactive matters that are not closed or declined, note unaddressed referrals alleging criminal misconduct, record cases that were closed, settled, or fully litigated, and report results such as convictions, pretrial diversions, fines, restitution, and damages recovered. The Attorney General must analyze these data and report to Congress on them and on coordination and related activities named in section 41501(c)(2) of this title. Reports are required monthly through December 31, 1991, and quarterly after that date. Each report must break the data down by types of financial institutions and dollar-loss ranges, give figures for every Federal judicial district, describe the Financial Institution Fraud Unit’s work, and list numbers of institutions (failed and open) with alleged serious fraud or misconduct, enforcement actions (civil, criminal, administrative), settlements or judgments, indictments/guilty pleas/verdicts, and the resources used to pursue investigations, prosecutions, and sentencings.