Sec. 353. PENALTIES FOR VIOLATIONS OF GEOGRAPHIC TARGETING ORDERS AND CERTAIN RECORDKEEPING REQUIREMENTS, AND LENGTHENING EFFECTIVE PERIOD OF GEOGRAPHIC TARGETING ORDERS

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## SEC. 353 PENALTIES FOR VIOLATIONS OF GEOGRAPHIC TARGETING ORDERS AND CERTAIN RECORDKEEPING REQUIREMENTS, AND LENGTHENING EFFECTIVE PERIOD OF GEOGRAPHIC TARGETING ORDERS ###

(a)Civil Penalty for Violation of Targeting Order Section 5321(a)(1) of title 31, United States Code, is amended— ####

(1)by inserting “or order issued” after “subchapter or a regulation prescribed”; and ####

(2)by inserting “, or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508,” after “sections 5314 and 5315)”. ###

(b)Criminal Penalties for Violation of Targeting Order Section 5322 of title 31, United States Code, is amended— ####

(1)in subsection (a)— #####

(A)by inserting “or order issued” after “willfully violating this subchapter or a regulation prescribed”; and #####

(B)by inserting “, or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508,” after “under section 5315 or 5324)”; and ####

(2)in subsection (b)— #####

(A)by inserting “or order issued” after “willfully violating this subchapter or a regulation prescribed”; and #####

(B)by inserting “or willfully violating a regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508,” after “under section 5315 or 5324),”. ###

(c)Structuring Transactions To Evade Targeting Order or Certain Recordkeeping Requirements Section 5324(a) of title 31, United States Code, is amended— ####

(1)by inserting a comma after “shall”; ####

(2)by striking “section—” and inserting “section, the reporting or recordkeeping requirements imposed by any order issued under section 5326, or the recordkeeping requirements imposed by any regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508—”; ####

(3)in paragraph (1), by inserting “, to file a report or to maintain a record required by an order issued under section 5326, or to maintain a record required pursuant to any regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508” after “regulation prescribed under any such section”; and ####

(4)in paragraph (2), by inserting “, to file a report or to maintain a record required by any order issued under section 5326, or to maintain a record required pursuant to any regulation prescribed under section 5326, or to maintain a record required pursuant to any regulation prescribed under section 21 of the Federal Deposit Insurance Act or section 123 of Public Law 91–508,” after “regulation prescribed under any such section”. ###

(d)Lengthening Effective Period of Geographic Targeting Orders Section 5326(d) of title 31, United States Code, is amended by striking “more than 60” and inserting “more than 180”.

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Pub. L. 91-508

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Sec. 353

PENALTIES FOR VIOLATIONS OF GEOGRAPHIC TARGETING ORDERS AND CERTAIN RECORDKEEPING REQUIREMENTS, AND LENGTHENING EFFECTIVE PERIOD OF GEOGRAPHIC TARGETING ORDERS

Pub. L.Pub. L. 91-508

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