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Inflation Adjustment of Civil Monetary Penalties Related to Reporting and Recordkeeping

sanctions-ofac · OFAC · Rule · Published 2020-09-03 · Effective 2020-10-05 · 85 FR 54911

Document

Document number
2020-19237
Federal Register citation
85 FR 54911
CFR reference
31 CFR 501
Type
Rule
Action
Interim final rule with request for comments.
Category
sanctions-ofac
Sub-agency
OFAC
Publication date
2020-09-03
Effective date
2020-10-05
Treasury docket
Docket Number OFAC-2020-0001

Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this interim final rule to further implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, by adjusting for inflation its civil monetary penalties for failure to comply with certain recordkeeping and reporting requirements, which are contained in OFAC's Economic Sanctions Enforcement Guidelines in OFAC's Reporting, Procedures and Penalties Regulations.

Source

Authoritative
Federal Register document
Machine
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