Sec. 209. Penalties on financial institutions continuing to do business with transnational criminal organizations
49 words·~1 min read·
/bill/118/hr/713/ih/section-209·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any financial institution that intentionally fails to comply with section 202(a) shall be subject to a civil penalty in an amount that is the greater of— $50,000 per violation; or twice the amount of which the financial institution was required under such section 103(b)(3) to retain possession or control.