Financial Crimes Enforcement Network; Inflation Adjustment of Civil Monetary Penalties

aml-bsa-fincen · FinCEN · Rule · Published 2019-10-10 · Effective 2019-10-10 · 84 FR 54495

Document

Document number: 2019-22094
Federal Register citation: 84 FR 54495
CFR reference: 31 CFR 1010
Type: Rule
Action: Final rule.
Category: aml-bsa-fincen
Sub-agency: FinCEN
Publication date: 2019-10-10
Effective date: 2019-10-10

Abstract

FinCEN publishes this final rule to reflect inflation adjustments to its civil monetary penalties ("CMPs") as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (collectively referred to herein as "the Act"). This rule adjusts certain CMPs within the jurisdiction of FinCEN to the maximum amount required by the Act.

Source

Authoritative: Federal Register document
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