International Emergency Economic Powers Act Civil and Criminal Penalties, 32650-32656 [E8-12385]

Agencies

• DEPARTMENT OF THE TREASURY
• Office of Foreign Assets Control
• Foreign Assets Control Office

[Federal Register Volume 73, Number 112 (Tuesday, June 10, 2008)]
[Rules and Regulations]
[Pages 32650-32656]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-12385]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 535, 536, 537, 538, 539, 540, 541, 542, 545, 560, 585, 
586, 587, 588, 593, 594, and 595


International Emergency Economic Powers Act Civil and Criminal 
Penalties

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is amending its regulations to reflect amendments to the 
penalty provisions of the International Emergency Economic Powers Act 
(``IEEPA'') made by the International Emergency Economic Powers 
Enhancement Act (the ``Act'').

DATES: Effective June 10, 2008.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Civil Penalties, 
tel.: 202/622-6140, Assistant Director, Policy, tel.: 202/622-4855, 
Office of Foreign Assets Control, or Chief Counsel (Foreign Assets 
Control), tel.: 202/622-2410, Office of the General Counsel, Department 
of the Treasury (not toll free numbers).

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (https://www.treas.gov/ofac) or via 
facsimile through a 24-hour fax-on demand service, tel.: (202) 622-
0077.

Background

    On October 16, 2007, the President signed the Act into law as 
Public Law 110-96. Section 2 of the Act amended section 206 of IEEPA 
(50 U.S.C. 1705) by, among other things, raising the maximum civil 
penalty to an amount not to exceed the greater of $250,000 or an amount 
twice the amount of the transaction that is the basis of the violation. 
The Act also amended IEEPA's provisions relating to the imposition of 
criminal penalties.
    Accordingly, OFAC is amending the current IEEPA-based sanctions 
programs regulations to reflect the revised description of unlawful 
acts and the revised penalties prescribed by the Act. In particular, 
the amended regulations cross-reference IEEPA for the maximum civil 
penalty amount rather than specify such amount in the regulations 
themselves. OFAC posted an interim policy concerning its implementation 
of

[[Page 32651]]

the Act on its Web site on November 28, 2007, and plans shortly to 
revise its enforcement guidelines, which are also available on its Web 
site.

Executive Order 12866, Administrative Procedure Act, Regulatory 
Flexibility Act, and Paperwork Reduction Act

    Because the regulations at issue 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 are inapplicable. In addition, OFAC finds that, because 
the rule merely amends the penalties provisions of certain sanctions 
regulations to conform with the statutory changes provided in the Act, 
good cause exists under 5 U.S.C. 553(b)(B) to waive the notice and 
public participation procedures, as well as under 5 U.S.C. 553(d)(3) to 
waive the delay in effective date. Because no notice of proposed 
rulemaking is required for this rule, the Regulatory Flexibility Act (5 
U.S.C. 601-612) does not apply.

List of Subjects

31 CFR Part 535

    Administrative practice and procedure, Banks, banking, Currency, 
Foreign claims, Foreign investments in United States, Iran, Penalties, 
Reporting and recordkeeping requirements, Securities.

31 CFR Part 536

    Administrative practice and procedure, Banks, banking, Drug traffic 
control, Penalties, Reporting and recordkeeping requirements.

31 CFR Part 537

    Administrative practice and procedure, Banks, banking, Burma, 
Currency, Foreign investments in United States, Foreign trade, 
Penalties, Reporting and recordkeeping requirements, Securities.

31 CFR Part 538

    Administrative practice and procedure, Banks, banking, Currency, 
Foreign investments in United States, Foreign trade, Penalties, 
Reporting and recordkeeping requirements, Securities, Sudan.

31 CFR Part 539

    Administrative practice and procedure, Arms and munitions, Imports, 
Penalties, Reporting and recordkeeping requirements.

31 CFR Part 540

    Administrative practice and procedure, Nuclear materials, 
Penalties, Reporting and recordkeeping requirements, Russian 
Federation, Uranium.

31 CFR Part 541

    Administrative practice and procedure, Banks, banking, Blocking of 
assets, Penalties, Reporting and recordkeeping requirements, 
Securities, Services, Zimbabwe.

31 CFR Part 542

    Administrative practice and procedure, Banks, banking, Blocking of 
assets, Credit, Penalties, Reporting and recordkeeping requirements, 
Securities, Services, Syria.

31 CFR Part 545

    Administrative practice and procedure, Afghanistan, Banks, banking, 
Foreign investments in United States, Foreign trade, Penalties, 
Reporting and recordkeeping requirements, Travel restrictions.

31 CFR Part 560

    Administrative practice and procedure, Exports, Humanitarian aid, 
Imports, Iran, Penalties, Reporting and recordkeeping requirements.

31 CFR Part 585

    Administrative practice and procedure, Banks, banking, Foreign 
investments in United States, Foreign trade, Penalties, Reporting and 
recordkeeping requirements, Securities, Transportation, United States 
investments abroad, Yugoslavia.

31 CFR Part 586

    Administrative practice and procedure, Banks, banking, Foreign 
investments in United States, Foreign trade, Penalties, Reporting and 
recordkeeping requirements, Securities, Transportation, United States 
investments abroad, Yugoslavia.

31 CFR Part 587

    Administrative practice and procedure, Banks, banking, Foreign 
investments in United States, Foreign trade, Penalties, Reporting and 
recordkeeping requirements, Securities, United States investments 
abroad, Yugoslavia.

31 CFR Part 588

    Administrative practice and procedure, Banks, banking, Penalties, 
Reporting and recordkeeping requirements, Securities, Western Balkans.

31 CFR Part 593

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, Credit, Foreign Trade, Imports, Liberia, Penalties, Reporting 
and recordkeeping requirements, Securities.

31 CFR Part 594

    Administrative practice and procedure, Banks, banking, Penalties, 
Reporting and recordkeeping requirements, Terrorism.

31 CFR Part 595

    Administrative practice and procedure, Banks, banking, Currency, 
Foreign investments in United States, Penalties, Reporting and 
recordkeeping requirements, Securities, Terrorism.

0
For the reasons set forth in the preamble, 31 CFR chapter V is amended 
by amending 31 CFR parts 535, 536, 537, 538, 539, 540, 541, 542, 545, 
560, 585, 586, 587, 588, 593, 594, and 595 as follows:

PART 535--IRANIAN ASSETS CONTROL REGULATIONS

0
1. The authority citation for part 535 is revised 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. 110; 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

0
2. Section 535.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  535.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  535.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 or an amount that is twice the amount of the 
transaction that is the basis

[[Page 32652]]

of the violation with respect to which the penalty is imposed.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 536--NARCOTICS TRAFFICKING SANCTIONS REGULATIONS

0
3. The authority citation for part 536 is revised 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

0
4. Section 536.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  536.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  536.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 537--BURMESE SANCTIONS REGULATIONS

0
5. The authority citation for part 537 is revised 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); 
Sec. 570, Pub. L. 104-208, 110 Stat. 3009; Pub. L. 108-61, 117 Stat. 
864; Pub. L. 110-96, 121 Stat. 1011; E.O. 13047, 62 FR 28301, 3 CFR, 
1997 Comp., p. 202; E.O. 13310, 68 FR 44853, 3 CFR, 2003 Comp., p. 
241.

Subpart G--Penalties

0
6. Section 537.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  537.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  537.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 538--SUDANESE SANCTIONS REGULATIONS

0
7. The authority citation for part 538 is revised to read as follows:

    Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 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. 106-387, 114 Stat. 1549; Pub. L. 
109-344, 120 Stat. 1869; Pub. L. 110-96, 121 Stat. 1011; E.O. 13067, 
62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O. 13412, 71 FR 61369, 3 
CFR, 2006 Comp., p. 244.

Subpart G--Penalties

0
8. Section 538.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  538.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  538.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 539--WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS

0
9. The authority citation for part 539 is revised 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

[[Page 32653]]

CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR 40803, 3 CFR, 1998 Comp., 
p. 200.

Subpart G--Penalties

0
10. Section 539.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  539.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  539.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 540--HIGHLY ENRICHED URANIUM (HEU) AGREEMENT ASSETS CONTROL 
REGULATIONS

0
11. The authority citation for part 540 is revised 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. 13159, 65 FR 39279, 3 CFR, 2000 
Comp., p. 277.

Subpart G--Penalties

0
12. Section 540.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  540.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  540.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 541--ZIMBABWE SANCTIONS REGULATIONS

0
13. The authority citation for part 541 is revised 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. 13288, 68 FR 11457, 3 CFR, 2003 
Comp., p. 186.

Subpart G--Penalties

0
14. Section 541.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  541.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  541.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 542--SYRIAN SANCTIONS REGULATIONS

0
15. The authority citation for part 542 is revised 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. 13338, 69 FR 26751, 3 CFR, 2004 
Comp., p. 168.

Subpart G--Penalties

0
16. Section 542.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  542.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  542.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).

[[Page 32654]]

    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 545--TALIBAN (AFGHANISTAN) SANCTIONS REGULATIONS

0
17. The authority citation for part 545 is revised 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. 13129, 64 FR 36759, 3 CFR, 1999 
Comp., p. 200.

Subpart G--Penalties

0
18. Section 545.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  545.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  545.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 560--IRANIAN TRANSACTIONS REGULATIONS

0
19. The authority citation for part 560 is revised to read as follows:

    Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C. 
2349aa-9; 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. 106-387, 114 
Stat. 1549; Pub. L. 110-96, 121 Stat. 1011; 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.

Subpart G--Penalties

0
20. Section 560.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  560.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  560.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 585--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) 
AND BOSNIAN SERB-CONTROLLED AREAS OF THE REPUBLIC OF BOSNIA AND 
HERZEGOVINA SANCTIONS REGULATIONS

0
21. The authority citation for part 585 is revised to read as follows:

    Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 49 
U.S.C. 40106; 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. 12808, 57 FR 23299, 3 CFR, 1992 Comp., p. 305; E.O. 12810, 57 
FR 24347, 3 CFR, 1992 Comp., p. 307; E.O. 12831, 58 FR 5253, 3 CFR, 
1993 Comp., p. 576; E.O. 12846, 58 FR 25771, 3 CFR, 1993 Comp., p. 
599; E.O. 12934, 59 FR 54117, 3 CFR, 1994 Comp., p. 930; E.O. 13304, 
68 FR 32315, 3 CFR, 2003 Comp., p. 229.

Subpart G--Penalties

0
22. Section 585.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  585.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  585.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 586--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) 
KOSOVO SANCTIONS REGULATIONS

0
23. The authority citation for part 586 is revised 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. 13088, 63 FR 32109, 3 CFR, 1998 
Comp., p. 191; E.O. 13121, 64 FR 24021, 3 CFR, 1999 Comp., p. 176; 
E.O. 13192, 66 FR 7379, 3 CFR, 2001 Comp., p. 733; E.O. 13304, 68 FR 
32315, 3 CFR, 2003 Comp., p. 229.

Subpart G--Penalties

0
24. Section 586.701 is amended by removing the second sentence of 
paragraph (a) and by revising

[[Page 32655]]

paragraphs (a)(1), (a)(2), and (b) to read as follows:


Sec.  586.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  586.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 587--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) 
MILOSEVIC SANCTIONS REGULATIONS

0
25. The authority citation for part 587 is revised 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; E.O. 13088, 63 FR 
32109, 3 CFR, 1998 Comp., p. 191; E.O. 13121, 64 FR 24021, 3 CFR, 
1999 Comp., p. 176; E.O. 13192, 66 FR 7379, 3 CFR, 2001 Comp., p. 
733; E.O. 13304, 68 FR 32315, 3 CFR, 2003 Comp., p. 229.

Subpart G--Penalties

0
26. Section 587.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  587.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  587.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 588--WESTERN BALKANS STABILIZATION REGULATIONS

0
27. The authority citation for part 588 is revised 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. 13219, 66 FR 34777, 3 CFR, 2001 
Comp., p. 778; E.O. 13304, 68 FR 32315, 3 CFR, 2003 Comp., p. 229.

Subpart G--Penalties

0
28. Section 588.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  588.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  588.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 593--FORMER LIBERIAN REGIME OF CHARLES TAYLOR SANCTIONS 
REGULATIONS

0
29. The authority citation for part 593 is revised 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; E.O. 13348, 69 FR 44885, 
3 CFR, 2004 Comp., p. 189.

Subpart G--Penalties

0
30. Section 593.701 is amended by revising paragraphs (a)(1), (a)(2), 
and (b) to read as follows:


Sec.  593.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  593.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).

[[Page 32656]]

    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 594--GLOBAL TERRORISM SANCTIONS REGULATIONS

0
31. The authority citation for part 594 is revised 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; 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.

Subpart G--Penalties

0
32. Section 594.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  594.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  594.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

PART 595--TERRORISM SANCTIONS REGULATIONS

0
33. The authority citation for part 595 is revised 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.

Subpart G--Penalties

0
34. Section 595.701 is amended by removing the second sentence of 
paragraph (a) and by revising paragraphs (a)(1), (a)(2), and (b) to 
read as follows:


Sec.  595.701  Penalties.

    (a) * * *
    (1) A civil penalty not to exceed the amount set forth in Section 
206 of the Act may be imposed on any person who violates, attempts to 
violate, conspires to violate, or causes a violation of any license, 
order, regulation, or prohibition issued under the Act.

    Note to paragraph (a)(1) of Sec.  595.701. As of June 10, 2008, 
the Act provides for a maximum civil penalty not to exceed the 
greater of $250,000 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.

    (2) A person who willfully commits, willfully attempts to commit, 
or willfully conspires to commit, or aids or abets in the commission of 
a violation of any license, order, regulation, or prohibition shall, 
upon conviction, be fined not more than $1,000,000, or if a natural 
person, may be imprisoned for not more than 20 years, or both.
    (b) Adjustments to penalty amounts. (1) The civil penalties 
provided in the Act 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).
    (2) The criminal penalties provided in the Act are subject to 
adjustment pursuant to 18 U.S.C. 3571.
* * * * *

    Dated: May 27, 2008.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. E8-12385 Filed 6-9-08; 8:45 am]
BILLING CODE 4811-42-P