Page:United States Statutes at Large Volume 106 Part 5.djvu/417

 PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 4055 such party from office or prohibiting such party from further participation in any manner in the conduct of the affairs of the credit imion without the prior written consent of the Board. "(D) PROVISIONS APPLICABLE TO ORDER. — "(i) COPY.—A copy of any order under subparagraph (C) shall also be served upon such credit union, whereupon such party (if a director or an officer) shall cease to be a director or officer of such credit union. or other disposition of the charge shall not preclude the Boardfrominstituting proceedings after such finding or cUsposition to remove such party from office or to prohibit further participation in credit union affairs, pursuant to paragraph (1), (2), or (3) of subsection (g) of this section. "(iii) EFFECTIVE PERIOD. —Any notice of suspension or order of removal issued under this paragraph shall remain effective and outstanding until the completion of any hearing or appeal authorized under paragraph (3) unless terminated by the Board.". (c) ATTORNEY GENERAL NOTICE REQUIREMENT.— Section 1956 of title 18, United States Code, is amended by adding at the end the following new subsection: "(g) NOTICE OF CONVICTION OF FINANCIAL INSTITUTIONS.— I f any fhiancial institution or any officer, director, or employee of any financial institution has been found fi^ty of an offense under this section, section 1957 or 1960 of this title, or section 5322 of title 31, the Attorney General shall provide written notice of such fact to the appropriate regulatory agency for the financial institution.". (d) TECHNICAL CORRECTIONS TO PROVISIONS RELATING TO MONEY LAUNDERING ENFORCEMENT ACTIVITIES.— (1) Section 5318(a)(l) of title 31, United States Code, is amended— (A) by striking "or the Postal Inspection Service"; and (B) by inserting "United States" before "Postal Service". (2) Section 5322(a) of title 31, United States Code, is amended by striking 'imprisonment" and inserting "imprisoned for". SEC. 1505. UNAUTHORIZED PARTICIPATION. Section 19(a)(l) of the Federal Deposit Insurance Act (12 U.S.C. 1829(a)(l)) is amended by inserting "or money laundering" after "breach of trust". SEC. 1506. ACCESS BY STATE FINANCIAL INSTITUTION SUPERVISORS TO CURRENCY TRANSACTIONS REPORTS. ' Section 5319 of title 31, United States Code, is amended— (1) in the first sentence, by striking "to an agency" and / inserting "to an agency* including any State financial institutions supervisory agency,"; and (2) by inserting after the second sentence the following new sentence: "The Secretary may only require reports on the use of such information by any State financial institutions supervisory agency for other than supervisory purposes.". 69-194 O—93 14:QL3(Pt6)
 * (ii) EFFECT OF ACQUITTAL.— A finding of not guilty

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