Sec. 327. CONSIDERATION OF ANTI-MONEY LAUNDERING RECORD
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## SEC. 327 CONSIDERATION OF ANTI-MONEY LAUNDERING RECORD ###
(a)Bank Holding Company Act of 1956 ####
(1)In general Section 3(c) of the Bank Holding Company Act of 1956 (12 U.S.C. 1842(c)) is amended by adding at the end the following new paragraph: > > #### “(6) Money laundering > > In every case, the Board shall take into consideration the effectiveness of the company or companies in combatting money laundering activities, including in overseas branches.” > . ####
(2)Scope of application **[**[12 U.S.C. 1842 note](/us/usc/t12/s1842)**]** The amendment made by paragraph
(1)shall apply with respect to any application submitted to the Board of Governors of the Federal Reserve System under section 3 of the Bank Holding Company Act of 1956 after December 31,.6 6So in law. The comma followed by a period is the result of the amendment made by section 6202(i) of Public Law 108–458 (118 Stat. 3746), which probably should not have stricken “2001”. ###
(b)Mergers Subject to Review Under Federal Deposit Insurance Act ####
(1)In general Section 18(c) of the Federal Deposit Insurance Act (12 U.S.C. 1828(c)) is amended— #####
(A)by redesignating paragraph
(11)as paragraph (12); and #####
(B)by inserting after paragraph (10), the following new paragraph: > > #### “(11) Money laundering > > In every case, the responsible agency, shall take into consideration the effectiveness of any insured depository institution involved in the proposed merger transaction in combatting money laundering activities, including in overseas branches.” > . ####
(2)Scope of application **[**[12 U.S.C. 1828 note](/us/usc/t12/s1828)**]** The amendment made by paragraph
(1)shall apply with respect to any application submitted to the responsible agency under section 18(c) of the Federal Deposit Insurance Act after December 31,.7 7See footnote to subsection (a)(2).
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- Pub. L. 108-458
- 118 Stat. 3746
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Sec. 327
CONSIDERATION OF ANTI-MONEY LAUNDERING RECORD
Pub. L.Pub. L. 108-458
Stat.118 Stat. 3746
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