Inflation Adjustment of Civil Monetary Penalties, 11876-11881 [2018-05550]
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Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations
Authority: Secs. 3.1, 3.4, 3.5(1), 15.1 and
15.2, Pub. L. 91–575 (84 Stat. 1509 et seq.).
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2. Add § 801.14 to read as follows:
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§ 801.14
Public access to records.
(a) Purpose. The Commission, as an
independent compact agency, is not
subject to any of its member
jurisdictions’ laws regarding public
access to records. Nevertheless, the
Commission wishes to assure, to the
maximum extent practicable, the
availability of Commission records
consistent with the Susquehanna River
Basin Compact. The Commission shall
maintain an ‘‘Access to Records Policy’’
that outlines the details and procedures
related to public access to the
Commission’s records. Any revisions to
this policy shall be consistent with this
section and undertaken in accordance
with appropriate public notice and
comment consistent with requirements
of 18 CFR 808.1(b).
(b) Scope. This section shall apply to
all recorded information, regardless of
whether the information exists in
written or electronic format. There is a
strong presumption that records shall be
public, except where considerations of
privacy, confidentiality, and security
must be considered and require
thoughtful balancing. The Commission
shall identify types of records that are
not subject to public access:
(1) Personnel or employment records,
excluding salary information;
(2) Trade secrets, copyrighted
material, or any other confidential
business information;
(3) Records exempted from disclosure
by statute, regulation, court order, or
recognized privilege;
(4) Records reflecting internal predecisional deliberations, including
deliberations between the commission
and representatives of member
jurisdictions;
(5) Records reflecting employee
medical information, evaluations, tests
or other identifiable health information;
(6) Records reflecting employee
personal information, such as social
security number, driver’s license
number, personal financial information,
home addresses, home or personal
cellular numbers, confidential personal
information, spouse names, marital
status or dependent information;
(7) Investigatory or enforcement
records that would interfere with active
enforcement proceedings or individual
due process rights, disclose the identity
of public complainants or confidential
sources or investigative techniques or
endanger the life or safety of
Commission personnel; or
(8) Records related to critical
infrastructure, excluding financial
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records, emergency procedures, or
facilities.
(c) Procedures. The Access to Records
Policy will detail the necessary
procedures for requesting records and
processing records requests:
(1) Requests shall be in writing and
shall be reasonably specific;
(2) The Commission shall identify an
Access to Records Officer to handle
requests;
(3) The Commission shall respond to
a records request within a reasonable
time and in consideration of available
resources and the nature of the request;
(4) The Commission shall not be
required to create a record that does not
already exist, or to compile, maintain,
format or organize a public record in a
manner in which the Commission does
not currently practice;
(5) A procedure shall be identified for
electronic transfer, copying or otherwise
providing records in a manner that
maintains the integrity of the
Commission’s files; and
(6) A procedure shall be identified for
handling review of requests that seek
access to information that has been
identified as confidential and for
notifying the person(s) who submitted
the confidential information that it is
subject to a records request.
(d) Fees. The Commission shall adopt
and maintain a ‘‘Records Processing Fee
Schedule.’’ The fees shall be calculated
to reflect the actual costs to the
Commission for processing records
requests and may include the costs of
reproducing records and the cost to
search, prepare and/or redact records for
extraordinary requests.
(e) Appeals. Any person aggrieved by
a Commission action on a records
request shall have 30 days to appeal a
decision in accordance with 18 CFR
808.2.
(f) Disclosure to consultants, advisory
committees, and State and local
government officials and employees.
Data and information otherwise exempt
from public disclosure may be disclosed
to Commission consultants, advisory
committees, and state and local
government officials and employees for
use only in their work in cooperation
with the Commission. Such persons are
thereafter subject to the same
restrictions with respect to the
disclosure of such data and information
as any other Commission employee.
Dated: March 13, 2018.
Stephanie L. Richardson,
Secretary to the Commission.
[FR Doc. 2018–05425 Filed 3–16–18; 8:45 am]
BILLING CODE 7040–01–P
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DEPARTMENT OF THE TREASURY
Office of the Secretary of the Treasury
31 CFR Part 50
Office of Foreign Assets Control
31 CFR Parts 501, 535, 536, 538, 539,
541, 542, 544, 546, 547, 548, 549, 560,
561, 566, 576, 584, 588, 592, 594, 595,
597, and 598
Financial Crimes Enforcement Network
31 CFR Part 1010
Inflation Adjustment of Civil Monetary
Penalties
Departmental Offices, Financial
Crimes Enforcement Network, and
Office of Foreign Assets Control,
Treasury.
ACTION: Final rule.
AGENCY:
The Department of the
Treasury (‘‘Department’’ or ‘‘Treasury’’)
publishes this final rule to adjust its
civil monetary penalties (‘‘CMPs’’) for
inflation as mandated by the Federal
Civil Penalties Inflation Adjustment Act
of 1990, as amended by the Federal
Civil Penalties Inflation Adjustment Act
Improvements Act of 2015 (collectively
referred to herein as ‘‘the Act’’). This
rule adjusts CMPs within the
jurisdiction of certain components of
the Department to the maximum
amount required by the Act.
DATES: Effective March 19, 2018.
FOR FURTHER INFORMATION CONTACT: For
information regarding the Terrorism
Risk Insurance Program’s CMPs, contact
Richard Ifft, Senior Insurance
Regulatory Policy Analyst, Federal
Insurance Office, Room 1410 MT,
Department of the Treasury, 1500
Pennsylvania Avenue NW, Washington,
DC 20220, at (202) 622–2922 (not a tollfree number), Kevin Meehan, Senior
Insurance Regulatory Policy Analyst,
Federal Insurance Office, at (202) 622–
7009 (not a toll-free number), or Lindsey
Baldwin, Senior Policy Analyst, Federal
Insurance Office, at (202) 622–3220 (not
a toll free number). Persons who have
difficulty hearing or speaking may
access these numbers via TTY by calling
the toll-free Federal Relay Service at
(800) 877–8339.
For information regarding Financial
Crimes Enforcement Network’s CMPs,
contact the FinCEN Resource Center at
(800) 767–2825 or email frc@fincen.gov.
For information regarding the Office
of Foreign Assets Control’s CMPs,
contact the Assistant Director for
Enforcement, tel.: 202–622–2430;
SUMMARY:
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Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel.: 202–622–4855;
Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490; or the Department of the
Treasury’s Office of the Chief Counsel
(Foreign Assets Control), Office of the
General Counsel, tel.: 202–622–2410.
SUPPLEMENTARY INFORMATION:
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I. Background
In order to improve the effectiveness
of CMPs and to maintain their deterrent
effect, the Federal Civil Penalties
Inflation Adjustment Act of 1990, 28
U.S.C. 2461 note (‘‘the Inflation
Adjustment Act’’), as amended by the
Federal Civil Penalties Inflation
Adjustment Act Improvements Act of
2015 (Pub. L. 114–74) (‘‘the 2015 Act’’),
requires Federal agencies to adjust each
CMP provided by law within the
jurisdiction of the agency. The 2015 Act
requires agencies to adjust the level of
CMPs with an initial ‘‘catch-up’’
adjustment through an interim final
rulemaking and to make subsequent
annual adjustments for inflation,
without needing to provide notice and
the opportunity for public comment
required by 5 U.S.C. 553. The
Department’s initial catch-up
adjustment interim final rules were
published on June 30, 2016 (FinCEN)
(81 FR 42503), July 1, 2016 (OFAC) (81
FR 43070), and December 7, 2016
(Departmental Offices) (81 FR 88600).
The Department’s 2017 annual
adjustment was published on February
10, 2017 (82 FR 10434). The 2015 Act
provides that any increase in a CMP
shall apply to CMPs that are assessed
after the date the increase takes effect,
regardless of whether the underlying
violation predated such increase.1
II. Method of Calculation
The method of calculating CMP
adjustments applied in this final rule is
required by the 2015 Act. Under the
2015 Act and the Office of Management
and Budget guidance required by the
2015 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–18–03 of December
15, 2017, the adjustment multiplier for
1 However, the increased CMPs apply only with
respect to underlying violations occurring after the
date of enactment of the 2015 Act, i.e., after
November 2, 2015.
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2018 is 1.02041. In order to complete
the 2018 annual adjustment, each
current CMP is multiplied by the 2018
adjustment multiplier. Under the 2015
Act, any increase in CMP must be
rounded to the nearest multiple of $1.
Procedural Matters
1. Administrative Procedure Act
The Federal Civil Penalties Inflation
Adjustment Act Improvements Act of
2015 (Section 701(b)) requires agencies,
beginning in 2017, to make annual
adjustments for inflation to CMPs,
without needing to provide notice and
the opportunity for public comment
required by 5 U.S.C. 553. Additionally,
the methodology used, effective 2017,
for adjusting CMPs for inflation is
provided by statute, with no discretion
provided to agencies regarding the
substance of the adjustments for
inflation to CMPs. The Department is
charged only with performing
ministerial computations to determine
the dollar amount of adjustments for
inflation to CMPs. Accordingly, prior
public notice and an opportunity for
public comment and a delayed effective
date are not required for this rule.
2. Regulatory Flexibility Act
Because no notice of proposed
rulemaking is required, the provisions
of the Regulatory Flexibility Act (5
U.S.C. 601 et seq.) do not apply.
3. Executive Order 12866
This rule is not a significant
regulatory action as defined in section
3.f of Executive Order 12866.
4. Paperwork Reduction Act
The provisions of the Paperwork
Reduction Act of 1995, Public Law 104–
13, 44 U.S.C. Chapter 35, and its
implementing regulations, 5 CFR part
1320, do not apply to this rule because
there are no new or revised
recordkeeping or reporting
requirements.
List of Subjects
31 CFR Part 50
Insurance, Terrorism.
31 CFR Parts 501, 535, 536, 538, 539,
541, 542, 544, 546, 547, 548, 549, 560,
561, 566, 576, 584, 588, 592, 594, 595,
597, and 598
Administrative practice and
procedure, Banks, Banking, Blocking of
assets, Exports, Foreign trade, Licensing,
Penalties, Sanctions.
31 CFR Part 1010
Authority delegations (Government
agencies), Banks and banking, Currency,
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Investigations, Law enforcement,
Reporting and recordkeeping
requirements.
Authority and Issuance
For the reasons set forth in the
preamble, part 50, chapter V, and part
1010 of title 31 of the Code of Federal
Regulations are amended as follows:
PART 50—TERRORISM RISK
INSURANCE PROGRAM
1. The authority citation for part 50
continues to read as follows:
■
Authority: 5 U.S.C. 301; 31 U.S.C. 321;
Title I, Pub. L. 107–297, 116 Stat. 2322, as
amended by Pub. L. 109–144, 119 Stat. 2660,
Pub. L. 110–160, 121 Stat. 1839 and Pub. L.
114–1, 129 Stat. 3 (15 U.S.C. 6701 note); Pub.
L. 114–74, 129 Stat. 601, Title VII (28 U.S.C.
2461 note).
2. Amend § 50.83 by revising
paragraph (a) to read as follows:
■
§ 50.83 Adjustment of civil monetary
penalty amount.
(a) Inflation adjustment. Any penalty
under the Act and these regulations may
not exceed the greater of $1,360,525
and, in the case of any failure to pay,
charge, collect or remit amounts in
accordance with the Act or these
regulations such amount in dispute.
*
*
*
*
*
PART 501—REPORTING,
PROCEDURES AND PENALTIES
REGULATIONS
3. 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
§ 501.701
[Amended]
4. Amend § 501.701 as follows:
a. In the note to paragraph (a)(1),
remove ‘‘As of January 15, 2017,’’ ; and
remove ‘‘$85,236’’ and add in its place
‘‘$86,976’’.
■ b. In paragraph (a)(3), remove
‘‘$85,236’’ and add in its place
‘‘$86,976’’.
■ 5. Amend appendix A to part 501 as
follows:
■ a. In section V.B.2.a.i., remove
‘‘$144,619’’ and add in its place
‘‘$147,571’’, and remove ‘‘$289,238’’
and add in its place ‘‘$295,141’’.
■ b. In section V.B.2.a.ii., remove
‘‘$289,238’’ in all three locations where
it appears, and add in its place in all
three locations ‘‘$295,141’’.
■
■
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violation for each statute enforced by OFAC
is as follows: International Emergency
Economic Powers Act (IEEPA)—greater of
$295,141 or twice the amount of the
underlying transaction; Trading with the
Enemy Act (TWEA)—$86,976; Foreign
Narcotics Kingpin Designation Act
(FNKDA)—$1,466,485; Antiterrorism and
Effective Death Penalty Act of 1996
(AEDPA)—greater of $77,909 or twice the
amount of which a financial institution was
required to retain possession or control; and
Clean Diamond Trade Act (CDTA)—$13,333.
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).
The following matrix represents the base
amount of the proposed civil penalty for each
category of violation:
PART 535—IRANIAN ASSETS
CONTROL REGULATIONS
Subpart G—Penalties
Subpart G—Penalties
§ 535.701
§ 536.701
6. The authority citation for part 535
continues to read as follows:
■
7. In the note to paragraph (a)(1) in
§ 535.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 536—NARCOTICS TRAFFICKING
SANCTIONS REGULATIONS
PART 538—SUDANESE SANCTIONS
REGULATIONS
■
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.
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); 22 U.S.C. 7201–
7211; Pub. L. 109–344, 120 Stat. 1869; 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. 13412, 71 FR 61369, 3
CFR, 2006 Comp., p. 244.
Appendix A to Part 501—Economic
Sanctions Enforcement Guidelines
*
*
*
*
*
B. * * *
2. * * *
a. * * *
Note to paragraph (a): The applicable
statutory maximum civil penalty per
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■
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.
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[Amended]
9. In the note to paragraph (a)(1) in
§ 536.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
10. The authority citation for part 538
continues to read as follows:
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c. Revise the note to paragraph (a) of
section V.B.2.a. to read as follows:
■
Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations
264; E.O. 13606, 77 FR 24571, 3 CFR 2012
Comp., p. 243.
Subpart G—Penalties
§ 538.701
[Amended]
11. In the note to paragraph (a)(1) in
§ 538.701 , remove ‘‘As of January 15,
2017’’ and add in its place ‘‘The’’, and
remove ‘‘$289,238’’ and add in its place
‘‘$295,141’’.
■
PART 539—WEAPONS OF MASS
DESTRUCTION TRADE CONTROL
REGULATIONS
12. 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
§ 539.701
[Amended]
13. In the note to paragraph (a)(1) in
§ 539.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
§ 542.701
17. In the note to paragraph (a)(1) in
§ 542.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 544—WEAPONS OF MASS
DESTRUCTION PROLIFERATORS
SANCTIONS REGULATIONS
18. 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.
PART 541—ZIMBABWE SANCTIONS
REGULATIONS
14. 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
[Amended]
15. In the note to paragraph (a)(1) in
§ 541.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 542—SYRIAN SANCTIONS
REGULATIONS
16. The authority citation for part 542
continues to read as follows:
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■
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.
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Subpart G—Penalties
§ 544.701
[Amended]
19. In the note to paragraph (a)(1) in
§ 544.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 546—DARFUR SANCTIONS
REGULATIONS
20. 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
§ 546.701
21. In the note to paragraph (a)(1) in
§ 546.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
PART 547—DEMOCRATIC REPUBLIC
OF THE CONGO SANCTIONS
REGULATIONS
22. 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.
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23. In the note to paragraph (a)(1) in
§ 547.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
PART 548—BELARUS SANCTIONS
REGULATIONS
24. 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
§ 548.701
[Amended]
25. In the note to paragraph (a)(1) in
§ 548.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 549—LEBANON SANCTIONS
REGULATIONS
26. 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
§ 549.701
[Amended]
27. In the note to paragraph (a)(1) in
§ 549.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 560—IRANIAN TRANSACTIONS
AND SANCTIONS REGULATIONS
[Amended]
■
PO 00000
[Amended]
■
[Amended]
■
§ 541.701
Subpart G—Penalties
§ 547.701
Subpart G—Penalties
11879
Sfmt 4700
28. 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; Public Law 101–410, 104 Stat.
890 (28 U.S.C. 2461 note); Public Law 110–
96, 121 Stat. 1011 (50 U.S.C. 1705 note);
Public Law 111–195, 124 Stat. 1312 (22
U.S.C. 8501–8551); Public Law 112–81, 125
Stat. 1298 (22 U.S.C. 8513a); Public Law 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.
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Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations
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.
215; E.O. 13628, 77 FR 62139, 3 CFR, 2012
Comp., p. 314.
Subpart G—Penalties
§ 560.701
[Amended]
29. In the note to paragraph (a)(1) in
§ 560.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
42. The authority citation for part 594
continues to read as follows:
PART 561—IRANIAN FINANCIAL
SANCTIONS REGULATIONS
30. The authority citation for part 561
continues to read as follows:
PART 584—MAGNITSKY ACT
SANCTIONS REGULATIONS
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
§ 561.701
31. In the note to paragraph (a) in
§ 561.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
PART 566—HIZBALLAH FINANCIAL
SANCTIONS REGULATIONS
32. 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
[Amended]
33. In the note to paragraph (a) in
§ 566.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 576—IRAQ STABILIZATION AND
INSURGENCY SANCTIONS
REGULATIONS
nshattuck on DSK9F9SC42PROD with RULES
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).
[Amended]
37. In the note to paragraph (a)(1) in
§ 584.701, remove ‘‘As of December 21,
2017,’’; and remove ‘‘$239,238’’ and add
in its place ‘‘$295,141’’.
■
34. The authority citation for part 576
continues to read as follows:
PART 588—WESTERN BALKANS
STABILIZATION REGULATIONS
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
§ 588.701
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
14:37 Mar 16, 2018
Subpart G—Penalties
§ 594.701
[Amended]
43. In the note to paragraph (a)(1) in
§ 594.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 595—TERRORISM SANCTIONS
REGULATIONS
44. The authority citation for part 595
continues to read as follows:
39. In the note to paragraph (a)(1) in
§ 588.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
PART 592—ROUGH DIAMONDS
CONTROL REGULATIONS
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.
Jkt 244001
[Amended]
41. In the note to paragraph (a)(1) in
§ 592.601, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
Frm 00036
Fmt 4700
§ 595.701
[Amended]
45. In the note to paragraph (a)(1) in
§ 595.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
PART 597—FOREIGN TERRORIST
ORGANIZATIONS SANCTIONS
REGULATIONS
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
[Amended]
47. In the note to paragraph (b) in
§ 597.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$76,351’’ and add in its
place ‘‘$77,909’’.
■
■
PO 00000
Subpart G—Penalties
§ 597.701
Subpart F—Penalties
§ 592.601
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.
■
[Amended]
■
VerDate Sep<11>2014
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.
■
[Amended]
■
§ 566.701
■
§ 584.701
PART 594—GLOBAL TERRORISM
SANCTIONS REGULATIONS
■
Subpart G—Penalties
35. In the note to paragraph (a)(1)
in§ 576.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$289,238’’ and add in its
place ‘‘$295,141’’.
■
and remove ‘‘$13,066’’ and add in its
place ‘‘$13,333’’.
Sfmt 4700
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19MRR1
Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations
PART 598—FOREIGN NARCOTICS
KINGPIN SANCTIONS REGULATIONS
Subpart G—Penalties
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).
§ 598.701
[Amended]
49. In the note to paragraph (a)(3) in
§ 598.701, remove ‘‘As of January 15,
2017, the’’ and add in its place ‘‘The’’,
and remove ‘‘$1,437,153’’ and add in its
place ‘‘$1,466,485’’.
PART 1010—GENERAL PROVISIONS
50. The authority citation for part
1010 continues to read as follows:
11881
Authority: 12 U.S.C. 1829b and 1951–
1959; 31 U.S.C. 5311–5314 and 5316–5332;
title III, sec. 314, Pub. L. 107–56, 115 Stat.
307; sec. 701. Pub. L. 114–74, 129 Stat. 599.
51. Amend § 1010.821 by revising
Table 1 of § 1010.821 to read as follows:
■
§ 1010.821
*
Penalty adjustment and table.
*
*
(b) * * *
*
*
■
TABLE 1 OF § 1010.821—PENALTY ADJUSTMENT TABLE
U.S. Code
citation
12 U.S.C. 1829b(j)
12 U.S.C. 1955 ......
31 U.S.C.
5318(k)(3)(C).
31 U.S.C.
5321(a)(1).
31 U.S.C.
5321(a)(5)(B)(i)..
31 U.S.C.
5321(a)(5)(C).
31 U.S.C.
5321(a)(6)(A).
31 U.S.C.
5321(a)(6)(B).
31 U.S.C.
5321(a)(7).
31 U.S.C. 5330(e) ..
Penalties as
last amended
by statute
Civil monetary penalty
description
Relating to Recordkeeping Violations
For Funds Transfers.
Willful or Grossly Negligent Recordkeeping Violations.
Failure to Terminate Correspondent Relationship with Foreign Bank.
General Civil Penalty Provision for Willful Violations of Bank Secrecy Act Requirements.
Foreign Financial Agency Transaction—
Non-Willful Violation of Transaction.
Foreign Financial Agency Transaction—
Willful Violation of Transaction.
Negligent Violation by Financial Institution or Non-Financial Trade or Business.
Pattern of Negligent Activity by Financial
Institution or Non-Financial Trade or
Business.
Violation of Certain Due Diligence Requirements, Prohibition on Correspondent Accounts for Shell Banks,
and Special Measures.
Civil Penalty for Failure to Register as
Money Transmitting Business.
Ryan Brady,
Executive Secretary.
New maximum
penalty
amounts or
range of
minimum and
maximum
penalty
amounts for
penalties
assessed
after
8/1/2016
but before
1/16/2017
$10,000
$20,111
$20,521
10,000
20,111
20,521
10,000
13,603
13,881
25,000–100,000
54,789–219,156
55,907–223,629
10,000
12,663
12,921
100,000
126,626
129,210
500
1,096
1,118
50,000
85,236
86,976
1,000,000
1,360,317
1,388,081
5,000
8,084
8,249
DEPARTMENT OF HOMELAND
SECURITY
[FR Doc. 2018–05550 Filed 3–16–18; 8:45 am]
BILLING CODE 4810–35–P
Coast Guard
33 CFR Part 100
nshattuck on DSK9F9SC42PROD with RULES
[Docket Number USCG–2018–0096]
RIN 1625–AA08
Special Local Regulation; Clinch River,
Oak Ridge, TN
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
VerDate Sep<11>2014
14:37 Mar 16, 2018
Jkt 244001
PO 00000
Frm 00037
New maximum
penalty
amounts or
range of
minimum
and
maximum
penalty
amounts for
penalties
assessed
after
1/15/2017
Fmt 4700
Sfmt 4700
The Coast Guard is
establishing a temporary special local
regulation for all navigable waters of the
Clinch River, extending the entire width
of the river, from mile marker (MM) 49.5
to MM 52.0. This special local
regulation is necessary to provide for
the safety of life on these navigable
waters near Oak Ridge, TN during the
Cardinal Invitational Regatta marine
event. Entry into, transiting through, or
anchoring within this regulated area is
prohibited unless authorized by the
Captain of the Port Sector Ohio Valley
(COTP) or a designated representative.
SUMMARY:
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]]>Agencies
[Federal Register Volume 83, Number 53 (Monday, March 19, 2018)]
[Rules and Regulations]
[Pages 11876-11881]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05550]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Secretary of the Treasury
31 CFR Part 50
Office of Foreign Assets Control
31 CFR Parts 501, 535, 536, 538, 539, 541, 542, 544, 546, 547, 548,
549, 560, 561, 566, 576, 584, 588, 592, 594, 595, 597, and 598
Financial Crimes Enforcement Network
31 CFR Part 1010
Inflation Adjustment of Civil Monetary Penalties
AGENCY: Departmental Offices, Financial Crimes Enforcement Network, and
Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury (``Department'' or
``Treasury'') publishes this final rule to adjust its civil monetary
penalties (``CMPs'') for inflation as mandated by the Federal Civil
Penalties Inflation Adjustment Act of 1990, as amended by the Federal
Civil Penalties Inflation Adjustment Act Improvements Act of 2015
(collectively referred to herein as ``the Act''). This rule adjusts
CMPs within the jurisdiction of certain components of the Department to
the maximum amount required by the Act.
DATES: Effective March 19, 2018.
FOR FURTHER INFORMATION CONTACT: For information regarding the
Terrorism Risk Insurance Program's CMPs, contact Richard Ifft, Senior
Insurance Regulatory Policy Analyst, Federal Insurance Office, Room
1410 MT, Department of the Treasury, 1500 Pennsylvania Avenue NW,
Washington, DC 20220, at (202) 622-2922 (not a toll-free number), Kevin
Meehan, Senior Insurance Regulatory Policy Analyst, Federal Insurance
Office, at (202) 622-7009 (not a toll-free number), or Lindsey Baldwin,
Senior Policy Analyst, Federal Insurance Office, at (202) 622-3220 (not
a toll free number). Persons who have difficulty hearing or speaking
may access these numbers via TTY by calling the toll-free Federal Relay
Service at (800) 877-8339.
For information regarding Financial Crimes Enforcement Network's
CMPs, contact the FinCEN Resource Center at (800) 767-2825 or email
[email protected].
For information regarding the Office of Foreign Assets Control's
CMPs, contact the Assistant Director for Enforcement, tel.: 202-622-
2430;
[[Page 11877]]
Assistant Director for Licensing, tel.: 202-622-2480; Assistant
Director for Regulatory Affairs, tel.: 202-622-4855; Assistant Director
for Sanctions Compliance & Evaluation, tel.: 202-622-2490; or the
Department of the Treasury's Office of the Chief Counsel (Foreign
Assets Control), Office of the General Counsel, tel.: 202-622-2410.
SUPPLEMENTARY INFORMATION:
I. Background
In order to improve the effectiveness of CMPs and to maintain their
deterrent effect, the Federal Civil Penalties Inflation Adjustment Act
of 1990, 28 U.S.C. 2461 note (``the Inflation Adjustment Act''), as
amended by the Federal Civil Penalties Inflation Adjustment Act
Improvements Act of 2015 (Pub. L. 114-74) (``the 2015 Act''), requires
Federal agencies to adjust each CMP provided by law within the
jurisdiction of the agency. The 2015 Act requires agencies to adjust
the level of CMPs with an initial ``catch-up'' adjustment through an
interim final rulemaking and to make subsequent annual adjustments for
inflation, without needing to provide notice and the opportunity for
public comment required by 5 U.S.C. 553. The Department's initial
catch-up adjustment interim final rules were published on June 30, 2016
(FinCEN) (81 FR 42503), July 1, 2016 (OFAC) (81 FR 43070), and December
7, 2016 (Departmental Offices) (81 FR 88600). The Department's 2017
annual adjustment was published on February 10, 2017 (82 FR 10434). The
2015 Act provides that any increase in a CMP shall apply to CMPs that
are assessed after the date the increase takes effect, regardless of
whether the underlying violation predated such increase.\1\
---------------------------------------------------------------------------
\1\ However, the increased CMPs apply only with respect to
underlying violations occurring after the date of enactment of the
2015 Act, i.e., after November 2, 2015.
---------------------------------------------------------------------------
II. Method of Calculation
The method of calculating CMP adjustments applied in this final
rule is required by the 2015 Act. Under the 2015 Act and the Office of
Management and Budget guidance required by the 2015 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-18-03 of December 15,
2017, the adjustment multiplier for 2018 is 1.02041. In order to
complete the 2018 annual adjustment, each current CMP is multiplied by
the 2018 adjustment multiplier. Under the 2015 Act, any increase in CMP
must be rounded to the nearest multiple of $1.
Procedural Matters
1. Administrative Procedure Act
The Federal Civil Penalties Inflation Adjustment Act Improvements
Act of 2015 (Section 701(b)) requires agencies, beginning in 2017, to
make annual adjustments for inflation to CMPs, without needing to
provide notice and the opportunity for public comment required by 5
U.S.C. 553. Additionally, the methodology used, effective 2017, for
adjusting CMPs for inflation is provided by statute, with no discretion
provided to agencies regarding the substance of the adjustments for
inflation to CMPs. The Department is charged only with performing
ministerial computations to determine the dollar amount of adjustments
for inflation to CMPs. Accordingly, prior public notice and an
opportunity for public comment and a delayed effective date are not
required for this rule.
2. Regulatory Flexibility Act
Because no notice of proposed rulemaking is required, the
provisions of the Regulatory Flexibility Act (5 U.S.C. 601 et seq.) do
not apply.
3. Executive Order 12866
This rule is not a significant regulatory action as defined in
section 3.f of Executive Order 12866.
4. Paperwork Reduction Act
The provisions of the Paperwork Reduction Act of 1995, Public Law
104-13, 44 U.S.C. Chapter 35, and its implementing regulations, 5 CFR
part 1320, do not apply to this rule because there are no new or
revised recordkeeping or reporting requirements.
List of Subjects
31 CFR Part 50
Insurance, Terrorism.
31 CFR Parts 501, 535, 536, 538, 539, 541, 542, 544, 546, 547, 548,
549, 560, 561, 566, 576, 584, 588, 592, 594, 595, 597, and 598
Administrative practice and procedure, Banks, Banking, Blocking of
assets, Exports, Foreign trade, Licensing, Penalties, Sanctions.
31 CFR Part 1010
Authority delegations (Government agencies), Banks and banking,
Currency, Investigations, Law enforcement, Reporting and recordkeeping
requirements.
Authority and Issuance
For the reasons set forth in the preamble, part 50, chapter V, and
part 1010 of title 31 of the Code of Federal Regulations are amended as
follows:
PART 50--TERRORISM RISK INSURANCE PROGRAM
0
1. The authority citation for part 50 continues to read as follows:
Authority: 5 U.S.C. 301; 31 U.S.C. 321; Title I, Pub. L. 107-
297, 116 Stat. 2322, as amended by Pub. L. 109-144, 119 Stat. 2660,
Pub. L. 110-160, 121 Stat. 1839 and Pub. L. 114-1, 129 Stat. 3 (15
U.S.C. 6701 note); Pub. L. 114-74, 129 Stat. 601, Title VII (28
U.S.C. 2461 note).
0
2. Amend Sec. 50.83 by revising paragraph (a) to read as follows:
Sec. 50.83 Adjustment of civil monetary penalty amount.
(a) Inflation adjustment. Any penalty under the Act and these
regulations may not exceed the greater of $1,360,525 and, in the case
of any failure to pay, charge, collect or remit amounts in accordance
with the Act or these regulations such amount in dispute.
* * * * *
PART 501--REPORTING, PROCEDURES AND PENALTIES REGULATIONS
0
3. 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
4. Amend Sec. 501.701 as follows:
0
a. In the note to paragraph (a)(1), remove ``As of January 15, 2017,''
; and remove ``$85,236'' and add in its place ``$86,976''.
0
b. In paragraph (a)(3), remove ``$85,236'' and add in its place
``$86,976''.
0
5. Amend appendix A to part 501 as follows:
0
a. In section V.B.2.a.i., remove ``$144,619'' and add in its place
``$147,571'', and remove ``$289,238'' and add in its place
``$295,141''.
0
b. In section V.B.2.a.ii., remove ``$289,238'' in all three locations
where it appears, and add in its place in all three locations
``$295,141''.
[[Page 11878]]
0
c. Revise the note to paragraph (a) of section V.B.2.a. to read as
follows:
Appendix A to Part 501--Economic Sanctions Enforcement Guidelines
* * * * *
B. * * *
2. * * *
a. * * *
Note to paragraph (a): 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 $295,141 or twice the amount of the underlying
transaction; Trading with the Enemy Act (TWEA)--$86,976; Foreign
Narcotics Kingpin Designation Act (FNKDA)--$1,466,485; Antiterrorism
and Effective Death Penalty Act of 1996 (AEDPA)--greater of $77,909
or twice the amount of which a financial institution was required to
retain possession or control; and Clean Diamond Trade Act (CDTA)--
$13,333. 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).
The following matrix represents the base amount of the proposed
civil penalty for each category of violation:
[GRAPHIC] [TIFF OMITTED] TR19MR18.001
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. In the note to paragraph (a)(1) in Sec. 535.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
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. In the note to paragraph (a)(1) in Sec. 536.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 538--SUDANESE SANCTIONS REGULATIONS
0
10. The authority citation for part 538 continues 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); 22 U.S.C. 7201-7211; Pub. L. 109-344, 120
Stat. 1869; 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. 13412, 71
FR 61369, 3 CFR, 2006 Comp., p. 244.
[[Page 11879]]
Subpart G--Penalties
Sec. 538.701 [Amended]
0
11. In the note to paragraph (a)(1) in Sec. 538.701 , remove ``As of
January 15, 2017'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 539--WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS
0
12. 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
13. In the note to paragraph (a)(1) in Sec. 539.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 541--ZIMBABWE SANCTIONS REGULATIONS
0
14. 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
15. In the note to paragraph (a)(1) in Sec. 541.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 542--SYRIAN SANCTIONS REGULATIONS
0
16. 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
17. In the note to paragraph (a)(1) in Sec. 542.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 544--WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS
REGULATIONS
0
18. 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
19. In the note to paragraph (a)(1) in Sec. 544.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 546--DARFUR SANCTIONS REGULATIONS
0
20. 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
21. In the note to paragraph (a)(1) in Sec. 546.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 547--DEMOCRATIC REPUBLIC OF THE CONGO SANCTIONS REGULATIONS
0
22. 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.
Subpart G--Penalties
Sec. 547.701 [Amended]
0
23. In the note to paragraph (a)(1) in Sec. 547.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 548--BELARUS SANCTIONS REGULATIONS
0
24. 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
25. In the note to paragraph (a)(1) in Sec. 548.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 549--LEBANON SANCTIONS REGULATIONS
0
26. 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
27. In the note to paragraph (a)(1) in Sec. 549.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 560--IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS
0
28. 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; Public Law 101-410, 104 Stat. 890 (28 U.S.C. 2461
note); Public Law 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note);
Public Law 111-195, 124 Stat. 1312 (22 U.S.C. 8501-8551); Public Law
112-81, 125 Stat. 1298 (22 U.S.C. 8513a); Public Law 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.
[[Page 11880]]
215; E.O. 13628, 77 FR 62139, 3 CFR, 2012 Comp., p. 314.
Subpart G--Penalties
Sec. 560.701 [Amended]
0
29. In the note to paragraph (a)(1) in Sec. 560.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 561--IRANIAN FINANCIAL SANCTIONS REGULATIONS
0
30. 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
31. In the note to paragraph (a) in Sec. 561.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 566--HIZBALLAH FINANCIAL SANCTIONS REGULATIONS
0
32. 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
33. In the note to paragraph (a) in Sec. 566.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
PART 576--IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS
0
34. 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
0
35. In the note to paragraph (a)(1) inSec. 576.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
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. In the note to paragraph (a)(1) in Sec. 584.701, remove ``As of
December 21, 2017,''; and remove ``$239,238'' and add in its place
``$295,141''.
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. In the note to paragraph (a)(1) in Sec. 588.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
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. In the note to paragraph (a)(1) in Sec. 592.601, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$13,066'' and add in its place ``$13,333''.
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. In the note to paragraph (a)(1) in Sec. 594.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
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. In the note to paragraph (a)(1) in Sec. 595.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$289,238'' and add in its place ``$295,141''.
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. In the note to paragraph (b) in Sec. 597.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$76,351'' and add in its place ``$77,909''.
[[Page 11881]]
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. In the note to paragraph (a)(3) in Sec. 598.701, remove ``As of
January 15, 2017, the'' and add in its place ``The'', and remove
``$1,437,153'' and add in its place ``$1,466,485''.
PART 1010--GENERAL PROVISIONS
0
50. The authority citation for part 1010 continues to read as follows:
Authority: 12 U.S.C. 1829b and 1951-1959; 31 U.S.C. 5311-5314
and 5316-5332; title III, sec. 314, Pub. L. 107-56, 115 Stat. 307;
sec. 701. Pub. L. 114-74, 129 Stat. 599.
0
51. Amend Sec. 1010.821 by revising Table 1 of Sec. 1010.821 to read
as follows:
Sec. 1010.821 Penalty adjustment and table.
* * * * *
(b) * * *
Table 1 of Sec. 1010.821--Penalty Adjustment Table
--------------------------------------------------------------------------------------------------------------------------------------------------------
New maximum penalty
amounts or range of New maximum penalty
minimum and maximum amounts or range of
U.S. Code citation Civil monetary penalty Penalties as last penalty amounts for minimum and maximum
description amended by statute penalties assessed penalty amounts for
after 8/1/2016 but penalties assessed
before 1/16/2017 after 1/15/2017
--------------------------------------------------------------------------------------------------------------------------------------------------------
12 U.S.C. 1829b(j)........................ Relating to Recordkeeping $10,000 $20,111 $20,521
Violations For Funds Transfers.
12 U.S.C. 1955............................ Willful or Grossly Negligent 10,000 20,111 20,521
Recordkeeping Violations.
31 U.S.C. 5318(k)(3)(C)................... Failure to Terminate 10,000 13,603 13,881
Correspondent Relationship with
Foreign Bank.
31 U.S.C. 5321(a)(1)...................... General Civil Penalty Provision 25,000-100,000 54,789-219,156 55,907-223,629
for Willful Violations of Bank
Secrecy Act Requirements.
31 U.S.C. 5321(a)(5)(B)(i)................ Foreign Financial Agency 10,000 12,663 12,921
Transaction--Non-Willful
Violation of Transaction.
31 U.S.C. 5321(a)(5)(C)................... Foreign Financial Agency 100,000 126,626 129,210
Transaction--Willful Violation
of Transaction.
31 U.S.C. 5321(a)(6)(A)................... Negligent Violation by Financial 500 1,096 1,118
Institution or Non-Financial
Trade or Business.
31 U.S.C. 5321(a)(6)(B)................... Pattern of Negligent Activity by 50,000 85,236 86,976
Financial Institution or Non-
Financial Trade or Business.
31 U.S.C. 5321(a)(7)...................... Violation of Certain Due 1,000,000 1,360,317 1,388,081
Diligence Requirements,
Prohibition on Correspondent
Accounts for Shell Banks, and
Special Measures.
31 U.S.C. 5330(e)......................... Civil Penalty for Failure to 5,000 8,084 8,249
Register as Money Transmitting
Business.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Ryan Brady,
Executive Secretary.
[FR Doc. 2018-05550 Filed 3-16-18; 8:45 am]
BILLING CODE 4810-35-P
