(a) For any willful violation,
committed on or before October 12, 1984, of any reporting requirement
for financial institutions under this chapter or of any recordkeeping
requirements of sections 1010.311, 1010.313, 1020.315, 1021.311 or
1021.313, the Secretary may assess upon any domestic financial institution,
and upon any partner, director, officer, or employee thereof who willfully
participates in the violation, a civil penalty not to exceed $1,000.
3-1707.21
(b) For any willful violation committed
after October 12, 1984 and before October 28, 1986, of any reporting
requirement for financial institutions under this chapter or of the
recordkeeping requirements of section 1010.420, the Secretary may
assess upon any domestic financial institution, and upon any partner,
director, officer, or employee thereof who willfully participates
in the violation, a civil penalty not to exceed $10,000.
3-1707.22
(c) For any willful violation of any recordkeeping requirement
for financial institutions, except violations of section 1010.420,
under this chapter, the Secretary may assess upon any domestic financial
institution, and upon any partner, director, officer, or employee
thereof who willfully participates in the violation, a civil penalty
not to exceed $1,000.
3-1707.23
(d) For any
failure to file a report required under section 1010.340 or for filing
such a report containing any material omission or misstatement, the
Secretary may assess a civil penalty up to the amount of the currency
or monetary instruments transported, mailed or shipped, less any amount
forfeited under section 1010.830.
3-1707.24
(e) For any
willful violation of section 1010.314 committed after January 26,
1987, the Secretary may assess upon any person a civil penalty not
to exceed the amount of coins and currency involved in the transaction
with respect to which such penalty is imposed. The amount of any civil
penalty assessed under this paragraph shall be reduced by the amount
of any forfeiture to the United States in connection with the transaction
for which the penalty was imposed.
3-1707.25
(f) For any
willful violation committed after October 27, 1986, of any reporting
requirement for financial institutions under this chapter (except
section 1010.350, section 1010.360 or section 1010.420), the Secretary
may assess upon any domestic financial institution, and upon any partner,
director, officer, or employee thereof who willfully participates
in the violation, a civil penalty not to exceed the greater of the
amount (not to exceed $100,000) involved in the transaction or $25,000.
3-1707.27
(g) For each negligent violation of any requirement
of this chapter, committed after October 27, 1986, the Secretary may
assess upon any financial institution a civil penalty not to exceed
$500.
(h) For penalties that are assessed after
August 1, 2016, see section 1010.821 for rules relating to
the maximum amount of the penalty.
