Title 12, Banks and BankingRelease 119-102

§3111 Criminal Penalty

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

Last updated Aug 21, 2026|Official source

Summary

Anyone who knowingly breaks banking rules to trick others or cause someone to gain or lose money faces up to 5 years prison, $1,000,000 per-day fines, or both.

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

Aug 21, 2026

Release point: 119-102