Sec. 6310. CERTAIN VIOLATORS BARRED FROM SERVING ON BOARDS OF UNITED STATES FINANCIAL INSTITUTIONS
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## SEC. 6310 CERTAIN VIOLATORS BARRED FROM SERVING ON BOARDS OF UNITED STATES FINANCIAL INSTITUTIONS ###
(a)In General Section 5321 of title 31, United States Code, as amended by section 6309 of this division, is amended by adding at the end the following: > > ### “(g) Certain Violators Barred From Serving on Boards of United States Financial Institutions > > > #### “(1) Definition > > In this subsection, the term ‘egregious violation’ means, with respect to an individual— > > > ##### “(A) > > a criminal violation— > > > ###### “(i) > > for which the individual is convicted; and > > > ###### “(ii) > > for which the maximum term of imprisonment is more than 1 year; and > > > ##### “(B) > > a civil violation in which— > > > ###### “(i) > > the individual willfully committed the violation; and > > > ###### “(ii) > > the violation facilitated money laundering or the financing of terrorism. > > > #### “(2) Bar > > An individual found to have committed an egregious violation of the Bank Secrecy Act, as defined in section 6003 of the Anti-Money Laundering Act of 2020, or any rules issued under the Bank Secrecy Act, shall be barred from serving on the board of directors of a United States financial institution during the 10-year period that begins on the date on which the conviction or judgment, as applicable, with respect to the egregious violation is entered.” > . ###
(b)Rule of Construction **[**[31 U.S.C. 5321 note](/us/usc/t31/s5321)**]** Nothing in the amendment made by subsection
(a)shall be construed to limit the application of section 19 of the Federal Deposit Insurance Act (12 U.S.C. 1829).
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Sec. 6310
CERTAIN VIOLATORS BARRED FROM SERVING ON BOARDS OF UNITED STATES FINANCIAL INSTITUTIONS
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