Sec. 6309. ADDITIONAL DAMAGES FOR REPEAT BANK SECRECY ACT VIOLATORS
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## SEC. 6309 ADDITIONAL DAMAGES FOR REPEAT BANK SECRECY ACT VIOLATORS Section 5321 of title 31, United States Code, is amended by adding at the end the following: > > ### “(f) Additional Damages for Repeat Violators > > > #### “(1) In general > > In addition to any other fines permitted under this section and section 5322, with respect to a person who has previously violated a provision of (or rule issued under) this subchapter, section 21 of the Federal Deposit Insurance Act (12 U.S.C. 1829b), or section 123 of Public Law 91-508 (12 U.S.C. 1953), the Secretary of the Treasury, if practicable, may impose an additional civil penalty against such person for each additional such violation in an amount that is not more than the greater of— > > > ##### “(A) > > if practicable to calculate, 3 times the profit gained or loss avoided by such person as a result of the violation; or > > > ##### “(B) > > 2 times the maximum penalty with respect to the violation. > > > #### “(2) Application > > For purposes of determining whether a person has committed a previous violation under paragraph (1), the determination shall only include violations occurring after the date of enactment of the Anti-Money Laundering Act of 2020.” > .
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- Pub. L. 91-508
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Sec. 6309
ADDITIONAL DAMAGES FOR REPEAT BANK SECRECY ACT VIOLATORS
Pub. L.Pub. L. 91-508
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