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The Sarbanes-Oxley Act of 2002 Section 903 - Criminal Penalties for Mail and Wire Fraud.

The Sarbanes-Oxley Act of 2002

TITLE IX - WHITE-COLLAR CRIME PENALTY ENHANCEMENTS

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SEC. 903. CRIMINAL PENALTIES FOR MAIL AND WIRE FRAUD.

(a) MAIL FRAUD. - Section 1341 of title 18, United States Code, is amended by striking ‘‘five’’ and inserting "20".

(b) WIRE FRAUD. - Section 1343 of title 18, United States Code, is amended by striking "five" and inserting "20".

 

 

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About OpenPages

OpenPages is the leading provider of Governance, Compliance and Risk Management solutions for Sarbanes-Oxley Compliance, Financial Controls Management, General Compliance Management, Operational Risk Management and IT Governance. The company’s solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with regional offices throughout North America and international offices in London, Munich, Paris, Tokyo and Hong Kong.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit www.openpages.com.