PUBLIC LAW 102-550—OCT. 28,1992 106 STAT. 4055

such party from office or prohibiting such party from
further participation in any manner hi the conduct
of the affairs of the credit union without the prior
written consent of the Board.
"(D) PROVISIONS APPLICABLE TO ORDER.—

"(i) COPY.—A copy of any order under subpara-
graph (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.

"(ii) EFFECT OF ACQUITTAL.—A finding of not guilty
or other disposition of the charge shall not preclude
the Board from instituting proceedings after such find-
ing or disposition to remove such party from office
or to prohibit further participation hi credit union
affairs, pursuant to paragraph (1), (2), or (3) of sub-
section (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.—If
any financial institution or any officer, director, or employee of
any financial institution has been found guilty 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(aXD 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. 1605. UNAUTHORIZED PARTICIPATION.

Section 19(aXD of the Federal Deposit Insurance Act (12 U.S.C.
1829(aXD) is amended by inserting "or money laundering" after
"breach of trust".

SEC. 1606. 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 institu-
tions 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.".

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