Sec. 363. INCREASE IN CIVIL AND CRIMINAL PENALTIES FOR MONEY LAUNDERING

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## SEC. 363 INCREASE IN CIVIL AND CRIMINAL PENALTIES FOR MONEY LAUNDERING ###

(a)Civil Penalties Section 5321(a) of title 31, United States Code, is amended by adding at the end the following: > > #### “(7) Penalties for international counter money laundering violations > > The Secretary may impose a civil money penalty in an amount equal to not less than 2 times the amount of the transaction, but not more than $1,000,000, on any financial institution or agency that violates any provision of subsection

(i)or

(j)of section 5318 or any special measures imposed under section 5318A.” > . ###

(b)Criminal Penalties Section 5322 of title 31, United States Code, is amended by adding at the end the following: > > ### “(d) > > A financial institution or agency that violates any provision of subsection

(i)or

(j)of section 5318, or any special measures imposed under section 5318A, or any regulation prescribed under subsection

(i)or

(j)of section 5318 or section 5318A, shall be fined in an amount equal to not less than 2 times the amount of the transaction, but not more than $1,000,000.” > .