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1 (h) The term "foreign financial agency" means any

2 financial agency which transacts any business as such at

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any place not subject to the jurisdiction of the United States.

(i) References to this title or any provision thereof 5 include regulations issued under this title or the provision 6 thereof in question.

7 (j) All reports required under this title and all records 8 of any such reports are specifically exempted from disclosure 9 under section 552 of title 5, United States Code.

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(k) For the purposes of section 1001 of title 18, United 11 States Code, the contents of reports required under any pro12 vision of this title are statements and representations in mat13 ters within the jurisdiction of an agency of the United 14 States.

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(1) The term "monetary instruments" means coin and currency of the United States, and in addition, such foreign 17 coin and currencies, and such types of checks, bills, notes, 18 bonds, or other obligations or instruments as the Secretary 19 may by regulation specify for the purposes of the provision of 20 this title to which the regulation relates.

21 § 204. Regulations

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The Secretary shall prescribe such regulations as he may 23 deem appropriate to carry out the purposes of this title.

24 § 205. Compliance procedures

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The Secretary may by regulation require any class of

26 domestic financial institutions to maintain such procedures as

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1 he may deem appropriate to assure compliance with the pro2 visions of this title. For the purposes of both civil and criminal 3 penalties for violations of this section, a separate violation 4 shall be deemed to occur with respect to each day and each 5 separate office, branch, or place of business in which the 6 violation occurs or continues.

7 § 206. Exemptions

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The Secretary may make such exemptions from any 9 requirement otherwise imposed under this title as he may 10 deem appropriate. Any such exemption may be conditional 11 or unconditional, by regulation, order, or licensing, or any 12 combination thereof, and may relate to any particular trans13 action, to the type or amount of the transaction, to the 14 party or parties or the classification of parties, or to any 15 combination thereof. The Secretary may in his discretion, 16 in any manner giving actual or constructive notice to the 17 parties affected, revoke any exemption made under this 18 section. Any such revocation shall remain in effect pending 19 any judicial review.

20 § 207. Civil penalty

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(a) For each willful violation of this title, the Secretary 22 may assess upon any domestic financial institution, and 23 upon any partner, director, officer, or employee thereof

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who willfully participates in the violation, a civil penalty not

2 exceeding $1,000.

3 (b) In the event of the failure of any person to pay

4 any penalty assessed under this title, a civil action for the 5 recovery thereof may, in the discretion of the Secretary, be 6 brought in the name of the United States.

7 § 208. Injunctions

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Whenever it appears to the Secretary that any person

9 has engaged, is engaged, or is about to engage in any acts

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or practices constituting a violation of the provisions of this 11 title, or of any order thereunder, he may in his discretion 12 bring an action, in the proper district court of the United 13 States or the proper United States court of any territory or other place subject to the jurisdiction of the United States, 15 to enjoin such acts or practices, and upon a proper showing 16 a permanent or temporary injunction or restraining order 17 shall be granted without bond. Upon application of the Sec18 retary, any such court may also issue mandatory injunctions 19 commanding any person to comply with the provisions of 20 this title or any order of the Secretary made in pursuance 21 thereof.

22 $209. Criminal penalty

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Whoever willfully violates any provision of this title

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or any regulation under this title shall be fined not more

2 than $1,000, or imprisoned not more than one year, or both.

3 § 210. Additional criminal penalty in certain cases

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Whoever willfully violates any provision of this title

5 where the violation is

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(1) committed in furtherance of the commission of

any other violation of Federal law, or

(2) committed as part of a pattern of illegal ac

tivity involving transactions exceeding $100,000 in any twelve-month period,

11 shall be fined not more than $500,000 or imprisoned not

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$211. Immunity of witnesses

Whenever in the judgment of a United States attorney the testimony of any witness, or the production of books, papers, or other evidence by any witness in any case or

proceeding before any grand jury or court of the United

States involving any violation of this title is necessary to the public interest, he, upon the approval of the Attorney General or his designated representative, may make appli

cation to the court that the witness be instructed to testify or produce evidence subject to the provisions of this section.

Upon order of the court the witness shall not be excused

from testifying or from producing books, papers, or other

evidence on the ground that the testimony or evidence re

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1 quired of him may tend to incriminate him or subject him. 2 to a penalty or forfeiture. But no such witness may be prose3 cuted or subjected to any penalty or forfeiture for or on ac4 count of any transaction, matter, or thing concerning which 5 he is compelled, after having claimed his privilege against 6 self-incrimination, to testify or produce evidence, nor may 7 testimony so compelled be used as evidence in any criminal 8 proceeding against him in any court, except a prosecution 9 for perjury or contempt committed while giving testimony 10 or producing evidence under compulsion as provided in 11 this section.

12 Chapter 2.-DOMESTIC CURRENCY TRANSACTIONS

Sec.

221. Reports of currency transactions required.

222. Persons required to file reports.

223. Reporting procedure.

13 § 221. Reports of currency transactions required

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Transactions involving any domestic financial institution 15 shall be reported to the Secretary at such time, in such man16 ner, and in such detail as the Secretary may require if they 17 involve the payment, receipt, or transfer of United States

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currency, or such other monetary instruments as the Secre

19 tary may specify, in such amounts, denominations, or both, 20 or under such circumstances, as the Secretary shall by regu

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21 lation prescribe.

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§ 222. Persons required to file reports

The report of any transaction required to be reported

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