2018 Georgia Code
Title 7 - Banking and Finance
Chapter 1 - Financial Institutions
Article 11 - Records and Reports of Currency Transactions
§ 7-1-914. Civil penalties; action for recovery; penalty

Universal Citation: GA Code § 7-1-914 (2018)
  • (a) For each willful violation of this article, the commissioner may assess upon any financial institution and upon any director, officer, or employee thereof who willfully participates in the violation a civil penalty not exceeding $1,000.00.

  • (b) In the event of the failure of any person to pay any penalty assessed under this Code section, a civil action for recovery thereof may, in the discretion of the commissioner, be brought in the name of the State of Georgia.

  • (c) Whoever conducts or attempts to conduct a transaction described in subsection (c) of Code Section 7-1-915 is liable to the State of Georgia for a civil penalty of not more than the amount of the funds involved in the transaction or $10,000.00, whichever is greater.

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