; or (ii) if the financial institution has not previously been reported for similar conduct under subsection (a), the President shall issue a cautionary letter to that financial institution; or (B) if the financial institution is not a financial institution described in subparagraph (A), the President shall impose a civil penalty not to exceed $250,000 for each reportable act described in subparagraphs (A) through (E) of subsection (a)(1) that is knowingly conducted. (c) Suspension for law enforcement purposes The President may suspend the submission of the reports described in subsection (a) and the application of sanctions and penalties described in subsection (b) for a one-year period if— (1) such reporting and application of sanctions and penalties could compromise an ongoing law enforcement investigation or prosecution; or (2) a criminal prosecution is pending, or a criminal or civil fine or penalty has been imposed or conditionally deferred, for the conduct reported pursuant to subsection (a). (d) Suspension and termination of sanctions and penalties (1) Suspension The President may suspend the application of any sanctions or penalties under subsection (b) for a period of not more than one year if the President certifies to the appropriate congressional committees that the Government of North Korea is taking steps toward— (A) the verification of its compliance with applicable United Nations Security Council Resolutions; and (B) fully accounting for and repatriating United States citizens and permanent residents (including deceased United States citizens and permanent residents)— (i) abducted or unlawfully held captive by the Government of North Korea