P.R. Laws tit. 7, § 155
Should any bank or foreign bank fail to render its reports within the term fixed by the Commissioner, said bank shall be penalized with an administrative fine of up to one thousand dollars ($1,000) for each day said reports are delayed.
Should any bank or foreign bank fail to render its reports on two consecutive occasions, the Commissioner can request the cancellation of the license of said bank or foreign bank, as provided in subsection (c) of § 64 of this title.
Should any director, official or employee or a bank or foreign bank knowingly make a false entry or furnish data or information, or make any statement in any report requested by the Commissioner under the provisions of § 154 of this title, with the intent to harm or defraud the bank or any other company, person or corporate entity, or any individual or to deceive any bank official or examiner, or the Commissioner, said director, official or employee shall be deemed to be guilty of a felony and shall be punished by imprisonment for a term of not more than five (5) years.
Any person who knowingly, on his own behalf or in representation of a natural or juridical person, furnishes a bank or foreign bank false information or financial statements with the purpose of inducing the bank or foreign bank to grant credit, provide banking facilities or to conduct any business deal with the natural or juridical person in relation to whom said false financial statements were rendered or said false information was given, shall be guilty of a felony and upon conviction thereof shall be punished by a fine of not less than five thousand dollars ($5,000) or by imprisonment for not less than one (1) year, or both penalties, at the discretion of the court.
History —May 12, 1933, No. 55, p. 322, § 33; May 15, 1950, No. 430, p. 1056, § 11; Sept. 7, 1961, No. 12, p. 353, § 1; Aug. 28, 1997, No. 108, § 36.