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Have SOX Penalties Changed?

Answered by: 
Bob McComas

Question: 
Are banks covered by amendments to the Sarbanes-Oxley act effective 11-01-2004 that are a result of the review conducted by the Federal Sentencing Commission?
Answer: 

Yes, the United States Sentencing Commission established sentencing guidelines for corporate fraud, campaign fraud, drug trafficking, crimes aganst judges and other officals and violations of the Homeland Security Act.

First published on BankersOnline.com 4/4/05

First published on 04/04/2005

Filed under: 
Compliance
Security
Filed under compliance as: 
Fraud
Sarbanes-Oxley
Security
Filed under security as: 
Fraud
Security

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