9755f23d_Suspicious_Activity_Categories__ity__The_Reportable_Conditions
[Violation Category] n 18 U.S.C. Section 1001 - False Statements or entries 18 U.S.C. Section 1005 - False Entries 18 U.S.C. Section 1014 - False Statements on a Loan or Credit Application [Explanation/Description] A person who knowingly and willfully commits one of the following: Falsifies, conceals or covers up by any trick, scheme or device, a material fact; Makes any materially false, fictitious or fraudulent statement or representation; or Makes or uses any false writing or document knowing the same to contain any materially false, fictitious or fraudulent statement or entry. The false statement must occur in a matter within the jurisdiction of a branch of the United States Government; essentially, making a false statement to a government agency when it is carrying out its mission. Section covers oral or written false statements or misrepresentations made knowingly on a loan or credit application to an insured bank (e.g., willful over-valuing of land, property, securities, or other assets or the understatement of liabilities). Such statements or misrepresentations must have been capable of influencing the bank's credit decision. Actual damage or reliance on such information is not an essential element of the offense. The statute applies to credit renewals, continuations, extensions or deferments and includes willful omissions as well as affirmative false statements. Obsolete information in the original loan application is not covered unless the applicant reaffirms the information in connection with a renewal request. The application will trigger the statute even if the loan is not made.
False Statement
Understanding the Suspicious Activity Categories
Characterization of Suspicious Activity: The Reportable Conditions