7/13/21
PENALTIES: CIVIL
• Always money (31 U.S.C § 5321(a)(1)) • But a civil money penalty can be imposed notwithstanding the fact that a criminal penalty is also imposed for the same violation (31 U.S.C § 5321(6)(d)). • A separate violation occurs each day the violation continues. (31 U.S.C § 5321(a)(1)
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PENALTIES: CIVIL, UPDATED JAN. 28, 2021
USC Code Citation
Civil Monetary Penalty Description
Penalties as last amended by statute
Max. penalty amounts or range of min. and max. penalty amounts for penalties assessed on or after 1/28/21
12 U.S.C. § 1829b(j)
Relating to Recordkeeping Violations for Funds Transfers Willful or Grossly Negligent Recordkeeping Violations
$10,000
$21,663
12 U.S.C. § 1995
$10,000
$21,663
31 U.S.C. § 5321(a)(1) General Civil Penalty Provision forWillful Violations of BSA Requirements
$25,000 -- $100,000 $59,017 -- $236,071
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