Title 12, Banks and BankingRelease 119-102
§1956 Criminal Penalty
Title 12 › CHAPTER 21 — FINANCIAL RECORDKEEPING › § 1956
Summary
If someone intentionally breaks a rule under this chapter, they can be fined up to $1,000, put in jail for up to one year, or both.
Full Legal Text
Title 12, §1956
Banks and Banking, Source: USLM XML via OLRC
Whoever willfully violates any regulation under this chapter shall be fined not more than $1,000 or imprisoned not more than one year, or both.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective on first day of seventh calendar month which begins after Oct. 26, 1970, except that the Secretary of the Treasury may, by regulation, provide that this section be effective on any date not earlier than the publication of such
Regulations
in the Federal Register and not later than first day of thirteenth calendar month which begins after Oct. 26, 1970, see section 401(a), (b) of Pub. L. 91–508, set out as a note under section 1951 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1956
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102