2016-15552: Implementation of the Federal Civil Penalties Inflation Adjustment Act
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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."
The agency’s own summary, as published.
What this changes
Amends 25 parts of the Code of Federal Regulations — the standing rules this notice rewrites.
- 31 CFR 501 Reporting, Procedures and Penalties Regulations
- 31 CFR 535 Iranian Assets Control Regulations
- 31 CFR 536 Narcotics Trafficking Sanctions Regulations
- 31 CFR 537
- 31 CFR 538
- 31 CFR 539 Weapons of Mass Destruction Trade Control Regulations
- 31 CFR 541
- 31 CFR 542
- 31 CFR 543
- 31 CFR 544 Weapons of Mass Destruction Proliferators Sanctions Regulations
- 31 CFR 546 Sudan Stabilization Sanctions Regulations
- 31 CFR 547 Democratic Republic of the Congo Sanctions Regulations
- 31 CFR 548 Belarus Sanctions Regulations
- 31 CFR 549 Lebanon Sanctions Regulations
- 31 CFR 560 Iranian Transactions and Sanctions Regulations
- 31 CFR 561 Iranian Financial Sanctions Regulations
- 31 CFR 566 Hizballah Financial Sanctions Regulations
- 31 CFR 576 Iraq Stabilization and Insurgency Sanctions Regulations
- 31 CFR 588 Western Balkans Stabilization Regulations
- 31 CFR 592 Rough Diamonds Control Regulations
- 31 CFR 593
- 31 CFR 594 Global Terrorism Sanctions Regulations
- 31 CFR 595
- 31 CFR 597 Foreign Terrorist Organizations Sanctions Regulations
- 31 CFR 598 Foreign Narcotics Kingpin Sanctions Regulations
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