2019 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
(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.
Code 1981, § 7-1-914, enacted by Ga. L. 1982, p. 2219, § 1; Ga. L. 1989, p. 1211, § 19.
