Inflation Adjustment of Civil Monetary Penalties
| Published date | 14 June 2019 |
| Record Number | 2019-12475 |
| Section | Rules and Regulations |
| Court | Foreign Assets Control Office,Treasury Department |
Federal Register, Volume 84 Issue 115 (Friday, June 14, 2019)
[Federal Register Volume 84, Number 115 (Friday, June 14, 2019)]
[Rules and Regulations]
[Pages 27714-27719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12475]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Parts 501, 510, 535, 536, 539, 541, 542, 544, 546, 547, 548,
549, 560, 561, 566, 576, 583, 584, 588, 592, 594, 595, 597, and 598
Inflation Adjustment of Civil Monetary Penalties
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is issuing this final rule to adjust certain civil
monetary penalties (CMPs) for inflation pursuant to 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.
DATES: Effective: June 14, 2019.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; Assistant Director for Sanctions Compliance & Evaluation,
202-622-2490; or the Department of the Treasury's Office of the Chief
Counsel (Foreign Assets Control), Office of the General Counsel, 202-
622-2410.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available from OFAC's website (www.treasury.gov/ofac).
Background
Section 4 of the Federal Civil Penalties Inflation Adjustment Act
(1990 Pub. L. 101-410, 104 Stat. 890; 28 U.S.C. 2461 note), as amended
by the Debt Collection Improvement Act of 1996 (Pub. L. 104-134, 110
Stat. 1321-373) and the Federal Civil Penalties Inflation Adjustment
Act Improvements Act of 2015 (Pub. L. 114-74, 129 Stat. 599, 28 U.S.C.
2461 note) (collectively, the FCPIA Act), requires each federal agency
with statutory authority to assess civil monetary penalties (CMPs) to
adjust CMPs annually for inflation according to a formula described in
section 5 of the FCPIA Act. One purpose of the FCPIA Act is to ensure
that CMPs continue to maintain their deterrent effect through periodic
cost-of-living based adjustments.
OFAC has adjusted its CMPs three times since the Federal Civil
Penalties Inflation Adjustment Act Improvements Act went into effect on
November 2, 2015: An initial catch-up adjustment on August 1, 2016 (81
FR 43070, July 1, 2016), and annual adjustments on February 10, 2017
(82 FR 10434, February 10, 2017), and March 19, 2018 (83 FR 11876,
March 19, 2018).
[[Page 27715]]
Method of Calculation
The method of calculating CMP adjustments applied in this final
rule is required by the FCPIA Act. Under the FCPIA Act and the Office
of Management and Budget guidance required by the FCPIA Act, annual
inflation adjustments subsequent to the initial catch-up adjustment are
to be based on the percent change between the Consumer Price Index for
all Urban Consumers (``CPI-U'') for the October preceding the date of
the adjustment and the prior year's October CPI-U. As set forth in
Office of Management and Budget Memorandum M-19-04 of December 14,
2018, the adjustment multiplier for 2019 is 1.02522. In order to
complete the 2019 annual adjustment, each current CMP is multiplied by
the 2019 adjustment multiplier. Under the FCPIA Act, any increase in
CMP must be rounded to the nearest multiple of $1.
New Penalty Amounts
OFAC currently is authorized to impose CMPs pursuant to five
statutes: The Trading With the Enemy Act (50 U.S.C. 4301-4341, at 4315)
(TWEA); the International Emergency Economic Powers Act (50 U.S.C.
1701-1706, at 1705) (IEEPA); the Antiterrorism and Effective Death
Penalty Act of 1996 (Pub. L. 104-132, 110 Stat. 1212-1319, at 1250; 18
U.S.C. 2339B) (AEDPA); the Foreign Narcotics Kingpin Designation Act
(Pub. L. 106-120, 113 Stat. 1626-1636, at 1632; 21 U.S.C. 1901-1908, at
1906) (FNKDA); and the Clean Diamond Trade Act (Pub. L. 108-19, 117
Stat. 631-637, at 634; 19 U.S.C. 3901-3913, at 3907) (CDTA).
The table below summarizes the existing and new maximum CMP
amounts.
------------------------------------------------------------------------
Maximum CMP
Existing amount
Statute maximum CMP effective June
amount 14, 2019
------------------------------------------------------------------------
TWEA.................................... $86,976 $89,170
IEEPA................................... 295,141 302,584
AEDPA................................... 77,909 79,874
FNKDA................................... 1,466,485 1,503,470
CDTA.................................... 13,333 13,669
------------------------------------------------------------------------
In addition to updating these maximum CMP amounts, OFAC is also
updating a reference to one-half the IEEPA maximum CMP from $147,571 to
$151,292.
Public Participation
Because the amended regulations involve a foreign affairs function,
the provisions of Executive Order 12866 and the Administrative
Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking,
opportunity for public participation, and delay in effective date, as
well as the provisions of Executive Order 13771, are inapplicable.
Because no notice of proposed rulemaking is required for this rule, the
Regulatory Flexibility Act (5 U.S.C. 601-612) does not apply.
Paperwork Reduction Act
The Paperwork Reduction Act does not apply because this rule does
not impose information collection requirements that would require the
approval of the Office of Management and Budget under 44 U.S.C. 3501 et
seq.
List of Subjects in 31 CFR Parts 501, 510, 535, 536, 539, 541, 542,
544, 546, 547, 548, 549, 560, 561, 566, 576, 583, 584, 588, 592,
594, 595, 597, and 598
Administrative practice and procedure, Banks, Banking, Blocking of
assets, Exports, Foreign trade, Licensing, Penalties, Sanctions.
For the reasons set forth in the preamble, the Department of the
Treasury's Office of Foreign Assets Control amends 31 CFR chapter V as
follows:
PART 501--REPORTING, PROCEDURES AND PENALTIES REGULATIONS
0
1. The authority citation for part 501 continues to read as follows:
Authority: 8 U.S.C. 1189; 18 U.S.C. 2332d, 2339B; 19 U.S.C.
3901-3913; 21 U.S.C. 1901-1908; 22 U.S.C. 287c; 22 U.S.C. 2370(a),
6009, 6032, 7205; 28 U.S.C. 2461 note; 31 U.S.C. 321(b); 50 U.S.C.
1701-1706; 50 U.S.C. App. 1-44.
Subpart D--Trading With the Enemy Act (TWEA) Penalties
Sec. 501.701 [Amended]
0
2. Amend Sec. 501.701 as follows:
0
a. Remove the note to paragraph (a)(1).
0
b. In paragraph (a)(3), remove ``$86,976'' and add in its place
``$89,170''.
0
3. Amend appendix A to part 501 as follows:
0
a. In paragraph V.B.2.a.i., remove ``$147,571'' and add in its place
``$151,292'', and remove ``$295,141'' and add in its place
``$302,584''.
0
b. In paragraph V.B.2.a.ii., remove ``$295,141'' in all three locations
where it appears, and add in its place in all three locations
``$302,584''.
0
c. Redesignate the note to paragraph (a) of section V.B.2.a. as
paragraph V.B.2.a.v.
0
d. Revise newly redesignated paragraph V.B.2.a.v.
0
e. Designate the undesignated paragraph after newly redesignated
paragraph V.B.2.a.v., which starts with ``The following Matrix
represents the base amount of the proposed civil penalty'' and contains
a table titled ``Base Penalty Matrix,'' as V.B.2.a.vi.
f. Revise newly redesignated paragraph V.B.2.a.vi.
The revisions read as follows:
Appendix A to Part 501--Economic Sanctions Enforcement Guidelines
* * * * *
V. * * *
B. * * *
2. * * *
a. * * *
v. The applicable statutory maximum civil penalty per violation
for each statute enforced by OFAC is as follows: International
Emergency Economic Powers Act (IEEPA)--greater of $302,584 or twice
the amount of the underlying transaction; Trading with the Enemy Act
(TWEA)--$89,170; Foreign Narcotics Kingpin Designation Act (FNKDA)--
$1,503,470; Antiterrorism and Effective Death Penalty Act of 1996
(AEDPA)--greater of $79,874 or twice the amount of which a financial
institution was required to retain possession or control; and Clean
Diamond Trade Act (CDTA)--$13,669. The civil penalty amounts
authorized under these statutes are subject to adjustment pursuant
to the Federal Civil Penalties Inflation Adjustment Act of 1990
(Pub. L. 101-410, as amended, 28 U.S.C. 2461 note).
vi. The following matrix represents the base amount of the
proposed civil penalty for each category of violation:
[[Page 27716]]
[GRAPHIC] [TIFF OMITTED] TR14JN19.000
* * * * *
PART 510--NORTH KOREA SANCTIONS REGULATIONS
0
4. The authority citation for part 510 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C.
2461 note); Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note);
Pub. L. 114-122, 130 Stat. 93 (22 U.S.C. 9201-9255); Pub. L. 115-44,
131 Stat 886 (22 U.S.C. 9201 note); E.O. 13466, 73 FR 36787, June
27, 2008, 3 CFR, 2008 Comp., p. 195; E.O. 13551, 75 FR 53837,
September 1, 2010; E.O. 13570, 76 FR 22291, April 20, 2011; E.O.
13687, 80 FR 819, January 6, 2015; E.O. 13722, 81 FR 14943, March
18, 2016; E.O. 13810, 82 FR 44705, September 25, 2017.
Subpart G--Penalties
Sec. 510.701 [Amended]
0
5. Amend Sec. 510.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate Note 1 to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 535--IRANIAN ASSETS CONTROL REGULATIONS
0
6. The authority citation for part 535 continues to read as follows:
Authority: 3 U.S.C. 301; 18 U.S.C. 2332d; 31 U.S.C. 321(b); 50
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28
U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011; E.O. 12170, 44 FR
65729, 3 CFR, 1979 Comp., p. 457; E.O. 12205, 45 FR 24099, 3 CFR,
1980 Comp., p. 248; E.O. 12211, 45 FR 26685, 3 CFR, 1980 Comp., p.
253; E.O. 12276, 46 FR 7913, 3 CFR, 1981 Comp., p. 104; E.O. 12279,
46 FR 7919, 3 CFR, 1981 Comp., p. 109; E.O. 12280, 46 FR 7921, 3
CFR, 1981 Comp., p. 110; E.O. 12281, 46 FR 7923, 3 CFR, 1981 Comp.,
p. 112; E.O. 12282, 46 FR 7925, 3 CFR, 1981 Comp., p. 113; E.O.
12283, 46 FR 7927, 3 CFR, 1981 Comp., p. 114; and E.O. 12294, 46 FR
14111, 3 CFR, 1981 Comp., p. 139.
Subpart G--Penalties
Sec. 535.701 [Amended]
0
7. Amend Sec. 535.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 536--NARCOTICS TRAFFICKING SANCTIONS REGULATIONS
0
8. The authority citation for part 536 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011; E.O. 12978, 60 FR 54579, 3 CFR, 1995
Comp., p. 415; E.O. 13286, 68 FR 10619, 3 CFR, 2003 Comp., p. 166.
Subpart G--Penalties
Sec. 536.701 [Amended]
0
9. Amend Sec. 536.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 539--WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS
0
10. The authority citation for part 539 continues to read as follows:
Authority: 3 U.S.C. 301; 22 U.S.C. 2751-2799aa-2; 31 U.S.C.
321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat.
890 (28 U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011; E.O.
12938, 59 FR 59099, 3 CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR
40803, 3 CFR, 1998 Comp., p. 200.
Subpart G--Penalties
Sec. 539.701 [Amended]
0
11. Amend Sec. 539.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
[[Page 27717]]
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 541--ZIMBABWE SANCTIONS REGULATIONS
0
12. The authority citation for part 541 continues to read as follows:
Authority: 3. U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13288, 68
FR 11457, 3 CFR, 2003 Comp., p. 186; E.O. 13391, 70 FR 71201, 3 CFR,
2005 Comp., p. 206; E.O. 13469, 73 FR 43841, 3 CFR, 2008 Comp., p.
1025
Subpart G--Penalties
Sec. 541.701 [Amended]
0
13. Amend Sec. 541.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 542--SYRIAN SANCTIONS REGULATIONS
0
14. The authority citation for part 542 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 18 U.S.C. 2332d; 22
U.S.C. 287c; 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104
Stat. 890 (28 U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011 (50
U.S.C. 1701 note); E.O. 13338, 69 FR 26751, 3 CFR, 2004 Comp., p.
168; E.O. 13399, 71 FR 25059, 3 CFR, 2006 Comp., p. 218; E.O. 13460,
73 FR 8991, 3 CFR 2008 Comp., p. 181; E.O. 13572, 76 FR 24787, 3 CFR
2011 Comp., p. 236; E.O. 13573, 76 FR 29143, 3 CFR 2011 Comp., p.
241; E.O. 13582, 76 FR 52209, 3 CFR 2011 Comp., p. 264; E.O. 13606,
77 FR 24571, 3 CFR 2012 Comp., p. 243.
Subpart G--Penalties
Sec. 542.701 [Amended]
0
15. Amend Sec. 542.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 544--WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS
REGULATIONS
0
16. The authority citation for part 544 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Public Law 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Public Law 110-96, 121 Stat. 1011; E.O. 12938, 59 FR 59099, 3 CFR,
1994 Comp., p. 950; E.O. 13094, 63 FR 40803, 3 CFR, 1998 Comp., p.
200; E.O. 13382, 70 FR 38567, 3 CFR, 2005 Comp., p. 170.
Subpart G--Penalties
Sec. 544.701 [Amended]
0
17. Amend Sec. 544.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 546--DARFUR SANCTIONS REGULATIONS
0
18. The authority citation for part 546 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C.
2461 note); Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note);
E.O. 13067, 62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O. 13400, 71
FR 25483, 3 CFR, 2006 Comp., p. 220.
Subpart G--Penalties
Sec. 546.701 [Amended]
0
19. Amend Sec. 546.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 547--DEMOCRATIC REPUBLIC OF THE CONGO SANCTIONS REGULATIONS
0
20. The authority citation for part 547 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C.
2461 note); Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note);
E.O. 13413, 71 FR 64105, 3 CFR, 2006 Comp., p. 247; E.O. 13671, 79
FR 39949, 3 CFR, 2015 Comp., p. 280.
Subpart G--Penalties
Sec. 547.701 [Amended]
0
21. Amend Sec. 547.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate Note 1 to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 548--BELARUS SANCTIONS REGULATIONS
0
22. The authority citation for part 548 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13405, 71
FR 35485; 3 CFR, 2007 Comp., p. 231.
Subpart G--Penalties
Sec. 548.701 [Amended]
0
23. Amend Sec. 548.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 549--LEBANON SANCTIONS REGULATIONS
0
24. The authority citation for part 549 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13441, 72
FR 43499, 3 CFR, 2008 Comp., p. 232.
Subpart G--Penalties
Sec. 549.701 [Amended]
0
25. Amend Sec. 549.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 560--IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS
0
26. The authority citation for part 560 continues to read as follows:
Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C.
2349aa-9; 22 U.S.C. 7201-7211; 31 U.S.C. 321(b); 50 U.S.C. 1601-
1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461
note); Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L.
111-195, 124 Stat. 1312 (22 U.S.C. 8501-8551); Pub. L. 112-81, 125
Stat. 1298 (22 U.S.C. 8513a); Pub. L. 112-158, 126 Stat. 1214 (22
U.S.C. 8701-8795); E.O. 12613, 52 FR 41940, 3 CFR, 1987 Comp., p.
256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332; E.O. 12959,
60 FR 24757, 3 CFR, 1995 Comp., p. 356; E.O. 13059, 62 FR 44531, 3
CFR, 1997 Comp., p. 217; E.O. 13599, 77 FR 6659, 3 CFR, 2012 Comp.,
p. 215; E.O. 13846, 83 FR 38939.
[[Page 27718]]
Subpart G--Penalties
Sec. 560.701 [Amended]
0
27. Amend Sec. 560.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 561--IRANIAN FINANCIAL SANCTIONS REGULATIONS
0
28. The authority citation for part 561 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 111-
195, 124 Stat. 1312 (22 U.S.C. 8501-8551); Pub. L. 112-81, 125 Stat.
1298 (22 U.S.C. 8513a); Pub. L. 112-158, 126 Stat. 1214 (22 U.S.C.
8701-8795); E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332; E.O.
13553, 75 FR 60567, 3 CFR, 2010 Comp., p. 253; E.O. 13599, 77 FR
6659, February 8, 2012; E.O. 13622, 77 FR 45897, August 2, 2012;
E.O. 13628, 77 FR 62139, October 12, 2012.
Subpart G--Penalties
Sec. 561.701 [Amended]
0
29. Amend Sec. 561.701 as follow:
0
a. Redesignate the note to paragraph (a) as paragraph (a)(4).
0
b. In newly redesignated paragraph (a)(4), remove ``$295,141'' and add
in its place ``$302,584''.
PART 566--HIZBALLAH FINANCIAL SANCTIONS REGULATIONS
0
30. The authority citation for part 566 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 114-
102.
Subpart G--Penalties
Sec. 566.701 [Amended]
0
31. Amend Sec. 566.701 as follows:
0
a. Redesignate paragraphs (b) through (e) as paragraphs (c) through
(f).
0
b. Redesignate the note to paragraph (a) as paragraph (b).
0
c. In newly redesignated paragraph (b), remove ``$295,141'' and add in
its place ``$302,584''.
PART 576--IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS
0
32. The authority citation for part 576 continues to read as follows:
Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50
U.S.C. 1601-1651, 1701-1706; Pub. L. 110-96, 121 Stat. 1011; E.O.
13303, 68 FR 31931, 3 CFR, 2003 Comp., p. 227; E.O. 13315, 68 FR
52315, 3 CFR, 2003 Comp., p. 252; E.O. 13350, 69 FR 46055, 3 CFR,
2004 Comp., p. 196; E.O. 13364, 69 FR 70177, 3 CFR, 2004 Comp., p.
236; E.O. 13438, 72 FR 39719, 3 CFR, 2007 Comp., p. 224; E.O. 13668,
79 FR 31019, 3 CFR, 2014 Comp., p. 248.
Subpart G--Penalties
Sec. 576.701 [Amended]
0
33. Amend Sec. 576.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 583--GLOBAL MAGNITSKY SANCTIONS REGULATIONS
0
34. The authority citation for part 583 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 114-
328, Title XII, Subtitle F, 130 Stat. 2533 (22 U.S.C. 2656 note);
E.O. 13818, 82 FR 60839, December 26, 2017.
0
35. In Sec. 583.701, add paragraph (c) to read as follows:
Sec. 583.701 Penalties and Findings of Violation.
* * * * *
(c) IEEPA provides for a maximum civil penalty not to exceed the
greater of $302,584 or an amount that is twice the amount of the
transaction that is the basis of the violation with respect to which
the penalty is imposed.
PART 584--MAGNITSKY ACT SANCTIONS REGULATIONS
0
36. The authority citation for part 584 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 112-
208, 126 Stat. 1502 (22 U.S.C. 5811 note).
Sec. 584.701 [Amended]
0
37. Amend Sec. 584.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 588--WESTERN BALKANS STABILIZATION REGULATIONS
0
38. The authority citation for part 588 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13219, 66
FR 34777, 3 CFR, 2001 Comp., p. 778; E.O. 13304, 68 FR 32315, 3 CFR,
2004 Comp. p. 229.
Subpart G--Penalties
Sec. 588.701 [Amended]
0
39. Amend Sec. 588.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 592--ROUGH DIAMONDS CONTROL REGULATIONS
0
40. The authority citation for part 592 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); Pub. L. 108-19, 117
Stat. 631 (19 U.S.C. 3901-3913); E.O. 13312, 68 FR 45151 3 CFR, 2003
Comp., p. 246.
Subpart F--Penalties
Sec. 592.601 [Amended]
0
41. Amend Sec. 592.601 as follows:
0
a. Redesignate paragraphs (a)(2) and (3) as paragraphs (a)(3) and (4).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2) remove ``$13,333'' and add in
its place ``$13,669''.
PART 594--GLOBAL TERRORISM SANCTIONS REGULATIONS
0
42. The authority citation for part 594 continues to read as follows:
Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28
U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011; Pub. L. 115-44,
131 Stat. 886 (22 U.S.C. 9401 et seq.), E.O. 13224, 66 FR 49079, 3
CFR, 2001 Comp., p. 786; E.O. 13268, 67 FR 44751, 3 CFR, 2002 Comp.,
p. 240; E.O. 13284, 68 FR 4075, 3 CFR, 2003 Comp., p. 161; E.O.
13372, 70 FR 8499, 3 CFR, 2006 Comp., p. 159.
Subpart G--Penalties
Sec. 594.701 [Amended]
0
43. Amend Sec. 594.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
[[Page 27719]]
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 595--TERRORISM SANCTIONS REGULATIONS
0
44. The authority citation for part 595 continues to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011; E.O. 12947, 60 FR 5079, 3 CFR, 1995
Comp., p. 319; E.O. 13099, 63 FR 45167, 3 CFR, 1998 Comp., p. 208;
E.O. 13372, 70 FR 8499, 3 CFR, 2006 Comp., p. 159.
Subpart G--Penalties
Sec. 595.701 [Amended]
0
45. Amend Sec. 595.701 as follows:
0
a. Redesignate paragraph (a)(2) as paragraph (a)(3).
0
b. Redesignate the note to paragraph (a)(1) as paragraph (a)(2).
0
c. In newly redesignated paragraph (a)(2), remove ``$295,141'' and add
in its place ``$302,584''.
PART 597--FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS
0
46. The authority citation for part 597 continues to read as follows:
Authority: 31 U.S.C. 321(b); Pub. L. 101-410, 104 Stat. 890 (28
U.S.C. 2461 note); Pub. L. 104-132, 110 Stat. 1214, 1248-53 (8
U.S.C. 1189, 18 U.S.C. 2339B).
Subpart G--Penalties
Sec. 597.701 [Amended]
0
47. Amend Sec. 597.701 as follows:
0
a. Redesignate the note to paragraph (b) as paragraph (b)(3).
0
b. In newly redesignated paragraph (b)(3), remove ``$77,909'' and add
in its place ``$79,874''.
PART 598--FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS
0
48. The authority citation for part 598 continues to read as follows:
Authority: 3 U.S.C. 301; 21 U.S.C. 1901-1908; 31 U.S.C. 321(b);
Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note).
Subpart G--Penalties
Sec. 598.701 [Amended]
0
49. Amend Sec. 598.701 as follows:
0
a. Redesignate the note to paragraph (a)(3) as paragraph (a)(4).
0
b. In newly redesignated paragraph (a)(4), remove ``$1,466,485'' and
add in its place ``$1,503,470''.
Dated: June 7, 2019.
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2019-12475 Filed 6-13-19; 8:45 am]
BILLING CODE 4810-AL-P
