← Treasury Federal Register rules

Adjustment of Applicable Schedule Amount

sanctions-ofac · OFAC · Rule · Published 2020-08-11 · Effective 2020-08-11 · 85 FR 48474

Document

Document number
2020-17424
Federal Register citation
85 FR 48474
CFR reference
31 CFR 501
Type
Rule
Action
Final rule.
Category
sanctions-ofac
Sub-agency
OFAC
Publication date
2020-08-11
Effective date
2020-08-11

Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this final rule to make technical amendments to the definition of "applicable schedule amount" in its regulations. In recent years, OFAC has adjusted its civil monetary penalties (CMPs) as required by the Federal Civil Penalties Inflation Adjustment Act, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. While OFAC's "applicable schedule amount" values are not civil monetary penalties that are required to be adjusted pursuant to such statute, OFAC is making technical changes to this definition to ensure the applicable schedule amount values continue to correspond appropriately to OFAC's CMPs.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown