Page 50 - BILLS-107hr3162enr

H. R. 3162—49
(2) being influenced to commit or aid in the committing,
or to collude in, or allow, any fraud, or make opportunity
for the commission of any fraud, on the United States; or
(3) being induced to do or omit to do any act in violation
of the official duty of such official or person,
shall be fined in an amount not more than 3 times the monetary
equivalent of the thing of value, or imprisoned for not more than
15 years, or both. A violation of this section shall be subject to
chapter 227 of title 18, United States Code, and the provisions
of the United States Sentencing Guidelines.
SEC. 330. INTERNATIONAL COOPERATION IN INVESTIGATIONS OF
MONEY LAUNDERING, FINANCIAL CRIMES, AND THE
FINANCES OF TERRORIST GROUPS.
(a) NEGOTIATIONS.—It is the sense of the Congress that the Presi-
dent should direct the Secretary of State, the Attorney General,
or the Secretary of the Treasury, as appropriate, and in consultation
with the Board of Governors of the Federal Reserve System, to
seek to enter into negotiations with the appropriate financial super-
visory agencies and other officials of any foreign country the finan-
cial institutions of which do business with United States financial
institutions or which may be utilized by any foreign terrorist
organization (as designated under section 219 of the Immigration
and Nationality Act), any person who is a member or representative
of any such organization, or any person engaged in money laun-
dering or financial or other crimes.
(b) PURPOSES OF NEGOTIATIONS.—It is the sense of the Congress
that, in carrying out any negotiations described in paragraph (1),
the President should direct the Secretary of State, the Attorney
General, or the Secretary of the Treasury, as appropriate, to seek
to enter into and further cooperative efforts, voluntary information
exchanges, the use of letters rogatory, mutual legal assistance trea-
ties, and international agreements to—
(1) ensure that foreign banks and other financial institu-
tions maintain adequate records of transaction and account
information relating to any foreign terrorist organization (as
designated under section 219 of the Immigration and Nation-
ality Act), any person who is a member or representative of
any such organization, or any person engaged in money laun-
dering or financial or other crimes; and
(2) establish a mechanism whereby such records may be
made available to United States law enforcement officials and
domestic financial institution supervisors, when appropriate.

Subtitle B—Bank Secrecy Act Amendments
and Related Improvements

SEC. 351. AMENDMENTS RELATING TO REPORTING OF SUSPICIOUS
ACTIVITIES.
(a) AMENDMENT RELATING TO CIVIL LIABILITY IMMUNITY FOR
DISCLOSURES.—Section 5318(g)(3) of title 31, United States Code,
is amended to read as follows:
‘‘(3) LIABILITY FOR DISCLOSURES.—
‘‘(A) IN GENERAL.—Any financial institution that makes
a voluntary disclosure of any possible violation of law or
regulation to a government agency or makes a disclosure