Increase in civil and criminal penalties

(Sec. 363): The Secretary is authorized to impose a civil penalty of twice the amount of the transaction (up to $1 million) in the case of violations of the new rules on correspondent accounts with foreign shell banks, the new rules on enhanced due diligence requirements, and the rules on special measures, all discussed earlier in this section of the section. Such violations are also subject to criminal fines of twice the amount of the transaction up to $1 million dollars.