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Act status not recorded

Bank fraud (18 U.S.C. 1344)

Issued by United States Department of Justice

Plain-English summary

Criminalises knowingly executing or attempting a scheme to defraud a financial institution or to obtain its money or property by false pretences. Maximum penalty is a fine of US$1,000,000, 30 years' imprisonment, or both. Text opened is the 2023 edition of the Code.

Who it applies to

Banking

Topics

Fraud Risk

Official source

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