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Implementation of the Federal Civil Penalties Inflation Adjustment Act

sanctions-ofac · OFAC · Rule · Published 2016-07-01 · Effective 2016-08-01 · 81 FR 43070

Document

Document number
2016-15552
Federal Register citation
81 FR 43070
CFR reference
31 CFR 501
Type
Rule
Action
Interim final rule with request for comments.
Category
sanctions-ofac
Sub-agency
OFAC
Publication date
2016-07-01
Effective date
2016-08-01

Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to amend its regulations for the relevant sanctions programs it administers to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. In particular, this rule adjusts for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations, including by making conforming changes to OFAC's "Economic Sanctions Enforcement Guidelines."

Source

Authoritative
Federal Register document
Machine
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