Inflation Adjustment of Civil Monetary Penalties, 7369-7373 [2022-02736]

Download as PDF Federal Register / Vol. 87, No. 27 / Wednesday, February 9, 2022 / Rules and Regulations (h) Special Flight Permits Special flight permits are prohibited. (i) Alternative Methods of Compliance (AMOCs) (1) The Manager, DSCO Branch, Compliance & Airworthiness Division, FAA, has the authority to approve AMOCs for this AD, if requested using the procedures found in 14 CFR 39.19. In accordance with 14 CFR 39.19, send your request to your principal inspector or local Flight Standards District Office, as appropriate. If sending information directly to the manager of the DSCO Branch, send it to the attention of the person identified in paragraph (j) of this AD. Information may be emailed to: 9-ASW-190COS@faa.gov. (2) Before using any approved AMOC, notify your appropriate principal inspector, or lacking a principal inspector, the manager of the local flight standards district office/ certificate holding district office. (j) Related Information For more information about this AD, contact David Wilson, Aerospace Engineer, DSCO Branch, Compliance & Airworthiness Division, FAA, 10101 Hillwood Pkwy., Fort Worth, TX 76177; telephone (817) 222–5786; email david.wilson@faa.gov. (k) Material Incorporated by Reference None. Issued on January 27, 2022. Gaetano A. Sciortino, Deputy Director for Strategic Initiatives, Compliance & Airworthiness Division, Aircraft Certification Service. [FR Doc. 2022–02131 Filed 2–8–22; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Parts 501, 510, 535, 536, 539, 541, 542, 544, 546, 547, 548, 549, 551, 552, 560, 561, 566, 576, 583, 584, 588, 590, 592, 594, 597, and 598 Inflation Adjustment of Civil Monetary Penalties Office of Foreign Assets Control, Treasury. ACTION: Final rule. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing this final rule to adjust certain civil monetary penalties for inflation pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. DATES: This rule is effective February 9, 2022. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; Assistant Director for Sanctions Compliance & Evaluation, 202–622– 2490. SUPPLEMENTARY INFORMATION: SUMMARY: Electronic Availability This document and additional information concerning OFAC are available from OFAC’s website: www.treasury.gov/ofac. Background Section 4 of the Federal Civil Penalties Inflation Adjustment Act (1990 Pub. L. 101–410, 104 Stat. 890; 28 U.S.C. 2461 note), as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Pub. L. 114–74, 129 Stat. 599, 28 U.S.C. 2461 note) (the FCPIA Act), requires each federal agency with statutory authority to assess civil monetary penalties (CMPs) to adjust CMPs annually for inflation according to a formula described in section 5 of the FCPIA Act. One purpose of the FCPIA Act is to ensure that CMPs continue to maintain their deterrent effect through periodic cost-of-living based adjustments. OFAC has adjusted its CMPs seven times since the Federal Civil Penalties Inflation Adjustment Act Improvements Act went into effect on November 2, 2015: An initial catch-up adjustment on August 1, 2016 (81 FR 43070, July 1, 2016); an additional initial catch-up adjustment related to CMPs for failure to comply with a requirement to furnish information, the late filing of a required 7369 report, and failure to maintain records (‘‘recordkeeping CMPs’’) that were inadvertently omitted from the August 1, 2016 initial catch-up adjustment on October 5, 2020 (85 FR 54911, September 3, 2020); and annual adjustments on February 10, 2017 (82 FR 10434, February 10, 2017); March 19, 2018 (83 FR 11876, March 19, 2018); June 14, 2019 (84 FR 27714, June 14, 2019); April 9, 2020 (85 FR 19884, April 9, 2020); and March 17, 2021 (86 FR 14534, March 17, 2021). Method of Calculation The method of calculating CMP adjustments applied in this final rule is required by the FCPIA Act. Under the FCPIA Act and the Office of Management and Budget guidance required by the FCPIA Act, annual inflation adjustments subsequent to the initial catch-up adjustment are to be based on the percent change between the Consumer Price Index for all Urban Consumers (‘‘CPI–U’’) for the October preceding the date of the adjustment and the prior year’s October CPI–U. As set forth in Office of Management and Budget Memorandum M–22–07 of December 15, 2021, the adjustment multiplier for 2022 is 1.06222. In order to complete the 2022 annual adjustment, each current CMP is multiplied by the 2022 adjustment multiplier. Under the FCPIA Act, any increase in CMP must be rounded to the nearest multiple of $1. New Penalty Amounts OFAC imposes CMPs pursuant to the penalty authority in five statutes: The Trading With the Enemy Act (50 U.S.C. 4301–4341, at 4315) (TWEA); the International Emergency Economic Powers Act (50 U.S.C. 1701–1706, at 1705) (IEEPA); the Antiterrorism and Effective Death Penalty Act of 1996 (18 U.S.C. 2339B) (AEDPA); the Foreign Narcotics Kingpin Designation Act (21 U.S.C. 1901–1908, at 1906) (FNKDA); and the Clean Diamond Trade Act (19 U.S.C. 3901–3913, at 3907) (CDTA). The table below summarizes the existing and new maximum CMP amounts for each statute. TABLE 1—MAXIMUM CMP AMOUNTS FOR RELEVANT STATUTES Existing maximum CMP amount lotter on DSK11XQN23PROD with RULES1 Statute TWEA ........................................................................................................................................................... IEEPA .......................................................................................................................................................... AEDPA ......................................................................................................................................................... FNKDA ......................................................................................................................................................... CDTA ........................................................................................................................................................... VerDate Sep<11>2014 16:18 Feb 08, 2022 Jkt 256001 PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 E:\FR\FM\09FER1.SGM $91,816 311,562 82,244 1,548,075 14,074 09FER1 Maximum CMP amount effective February 9, 2022 $97,529 330,947 87,361 1,644,396 14,950 7370 Federal Register / Vol. 87, No. 27 / Wednesday, February 9, 2022 / Rules and Regulations In addition to updating these maximum CMP amounts, OFAC is also updating two references to one-half the IEEPA maximum CMP from $155,781 to $165,474, and is adjusting the recordkeeping CMP amounts found in OFAC’s Economic Sanctions Enforcement Guidelines in appendix A to 31 CFR part 501. The table below summarizes the existing and new maximum CMP amounts for OFAC’s recordkeeping CMPs. TABLE 2—MAXIMUM CMP AMOUNTS FOR RECORDKEEPING CMPS Existing maximum CMP amount Violation Failure to furnish information pursuant to 31 CFR 501.602 irrespective of whether any other violation is alleged ...................................................................................................................................................... Failure to furnish information pursuant to 31 CFR 501.602 where OFAC has reason to believe that the apparent violation(s) involves a transaction(s) valued at greater than $500,000, irrespective of whether any other violation is alleged ............................................................................................................... Late filing of a required report, whether set forth in regulations or in a specific license, if filed within the first 30 days after the report is due ......................................................................................................... Late filing of a required report, whether set forth in regulations or in a specific license, if filed more than 30 days after the report is due ................................................................................................................ Late filing of a required report, whether set forth in regulations or in a specific license, if the report relates to blocked assets, an additional CMP for every 30 days that the report is overdue, up to five years ......................................................................................................................................................... Failure to maintain records in conformance with the requirements of OFAC’s regulations or of a specific license ............................................................................................................................................... Finally, OFAC is making changes in the authorities citations of 31 CFR parts 583 and 584, to more specifically reference one of the relevant statutory authorities in each citation. Public Participation The FCPIA Act expressly exempts this final rule from the notice and comment requirements of the Administrative Procedure Act by directing agencies to adjust CMPs for inflation ‘‘notwithstanding section 553 of title 5, United States Code’’ (Pub. L. 114–74, 129 Stat. 599; 28 U.S.C. 2461 note). As such, this final rule is being issued without prior public notice or opportunity for public comment, with an effective date of February 9, 2022. Paperwork Reduction Act The Paperwork Reduction Act does not apply because this rule does not impose information collection requirements that would require the approval of the Office of Management and Budget under 44 U.S.C. 3501 et seq. lotter on DSK11XQN23PROD with RULES1 List of Subjects in 31 CFR Parts 501, 510, 535, 536, 539, 541, 542, 544, 546, 547, 548, 549, 551, 552, 560, 561, 566, 576, 583, 584, 588, 590, 592, 594, 597, and 598 Administrative practice and procedure, Banks, banking, Blocking of VerDate Sep<11>2014 16:18 Feb 08, 2022 Jkt 256001 assets, Exports, Foreign trade, Licensing, Penalties, Sanctions. For the reasons set forth in the preamble, OFAC amends 31 CFR chapter V as follows: PART 501—REPORTING, PROCEDURES AND PENALTIES REGULATIONS 1. The authority citation for part 501 continues to read as follows: ■ Authority: 8 U.S.C. 1189; 18 U.S.C. 2332d, 2339B; 19 U.S.C. 3901–3913; 21 U.S.C. 1901– 1908; 22 U.S.C. 287c, 2370(a), 6009, 6032, 7205, 8501–8551; 31 U.S.C. 321(b); 50 U.S.C. 1701–1706, 4301–4341; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note). Subpart D—Trading With the Enemy Act (TWEA) Penalties § 501.701 [Amended] 2. In § 501.701, in paragraph (a)(3), remove ‘‘$91,816’’ and add in its place ‘‘$97,529’’. ■ 3. Amend appendix A to part 501 as follows: ■ a. In paragraph IV.A., remove ‘‘$24,046’’ and add in its place ‘‘$25,542’’ and remove ‘‘$60,115’’ and add in in its place ‘‘$63,855’’. ■ b. In paragraph IV.B., remove ‘‘$3,005’’ and add in its place ‘‘$3,192’’, remove ‘‘$6,012’’ and add in its place ■ PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 Maximum CMP amount effective February 9, 2022 $24,046 $25,542 60,115 63,855 3,005 3,192 6,012 6,386 1,203 1,278 60,226 63,973 ‘‘$6,386’’, and remove ‘‘$1,203’’ and add in its place ‘‘$1,278’’. ■ c. In paragraph IV.C., remove ‘‘$60,226’’ and add in its place ‘‘$63,973’’. ■ d. In paragraph V.B.2.a.i., remove ‘‘$155,781’’ and add in its place ‘‘$165,474’’ and remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ e. In paragraph V.B.2.a.ii., remove ‘‘$311,562’’ wherever it appears and add in its place ‘‘$330,947’’. ■ f. In paragraph V.B.2.a.v., remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’, remove ‘‘$91,816’’ and add in its place ‘‘$97,529’’, remove ‘‘$1,548,075’’ and add in its place ‘‘$1,644,396’’, remove ‘‘$82,244’’ and add in its place ‘‘$87,361’’, and remove ‘‘$14,074’’ and add in its place ‘‘$14,950’’. ■ g. Revise paragraph V.B.2.a.vi. The revision reads as follows: Appendix A to Part 501—Economic Sanctions Enforcement Guidelines. * * * * * V. * * * B. * * * 2. * * * a. * * * vi. The following matrix represents the base amount of the proposed civil penalty for each category of violation: E:\FR\FM\09FER1.SGM 09FER1 Federal Register / Vol. 87, No. 27 / Wednesday, February 9, 2022 / Rules and Regulations 7371 BASE PENALTY MATRIX Egregious Case YES NO YES (1) (3) One-Half of Transaction Value One-Half of (capped at lesser of$165,474 or Applicable Statutory Maximum one-half of the applicable statutory maximum per violation) (2) (4) Applicable Schedule Amount (capped at lesser of$330,947 or NO Applicable Statutory Maximum the applicable statutory maximum per violation) * * * * PART 510—NORTH KOREA SANCTIONS REGULATIONS 4. The authority citation for part 510 continues to read as follows: ■ Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C. 287c, 9201–9255; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 115–44, 131 Stat. 886 (codified in scattered sections of 22 U.S.C.); E.O. 13466, 73 FR 36787, 3 CFR, 2008 Comp., p. 195; E.O. 13551, 75 FR 53837, 3 CFR, 2010 Comp., p. 242; E.O. 13570, 76 FR 22291, 3 CFR, 2011 Comp., p. 233; E.O. 13687, 80 FR 819, 3 CFR, 2015 Comp., p. 259; E.O. 13722, 81 FR 14943, 3 CFR, 2016 Comp., p. 446; E.O. 13810, 82 FR 44705, 3 CFR, 2017 Comp., p. 379. Subpart G—Penalties § 510.701 5. In § 510.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ lotter on DSK11XQN23PROD with RULES1 PART 535—IRANIAN ASSETS CONTROL REGULATIONS 6. The authority citation for part 535 continues to read as follows: ■ § 535.701 [Amended] 7. In § 535.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ Jkt 256001 PART 539—WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS 10. The authority citation for part 539 continues to read as follows: ■ Authority: 3 U.S.C. 301; 22 U.S.C. 2751– 2799aa–2; 31 U.S.C. 321(b); 50 U.S.C. 1601– 1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); 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 § 539.701 PART 536—NARCOTICS TRAFFICKING 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, as amended (28 U.S.C. 2461 note); 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 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, as amended (28 U.S.C. 2461 note); E.O. 12170, 44 FR 65729, 3 CFR, 1979 Comp., p. 457; E.O. 16:18 Feb 08, 2022 Subpart G—Penalties ■ [Amended] VerDate Sep<11>2014 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; E.O. 12294, 46 FR 14111, 3 CFR, 1981 Comp., p. 139. § 536.701 [Amended] 9. In § 536.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 [Amended] 11. In § 539.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 541—ZIMBABWE SANCTIONS REGULATIONS 12. The authority citation for part 541 continues to read as follows: ■ Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 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. E:\FR\FM\09FER1.SGM 09FER1 ER09FE22.012</GPH> * 7372 Federal Register / Vol. 87, No. 27 / Wednesday, February 9, 2022 / Rules and Regulations Subpart G—Penalties Subpart G—Penalties § 541.701 § 546.701 [Amended] 13. In § 541.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 542—SYRIAN SANCTIONS REGULATIONS PART 547—DEMOCRATIC REPUBLIC OF THE CONGO SANCTIONS REGULATIONS ■ 14. The authority citation for part 542 continues to read as follows: ■ Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 18 U.S.C. 2332d; 22 U.S.C. 287c; 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 116–92, Div. F, Title LXXIV, 133 Stat. 2290 (22 U.S.C. 8791 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. 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, as amended (28 U.S.C. 2461 note); E.O. 13413, 71 FR 64105, 3 CFR, 2006 Comp., p. 247; E.O. 13671, 79 FR 39949, 3 CFR, 2015 Comp., p. 280. § 542.701 20. The authority citation for part 547 continues to read as follows: Subpart G—Penalties § 547.701 [Amended] 21. In § 547.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 548—BELARUS SANCTIONS REGULATIONS Subpart G—Penalties [Amended] 22. The authority citation for part 548 continues to read as follows: ■ 15. In § 542.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 544—WEAPONS OF MASS DESTRUCTION PROLIFERATORS 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, as amended (28 U.S.C. 2461 note); E.O. 13405, 71 FR 35485, 3 CFR, 2007 Comp., p. 231. Subpart G—Penalties 16. The authority citation for part 544 continues to read as follows: § 548.701 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, as amended (28 U.S.C. 2461 note); 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 549—LEBANON SANCTIONS REGULATIONS ■ Subpart G—Penalties § 544.701 [Amended] 17. In § 544.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 546—DARFUR SANCTIONS REGULATIONS 18. The authority citation for part 546 continues to read as follows: Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C. 287c; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 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. VerDate Sep<11>2014 16:18 Feb 08, 2022 Jkt 256001 [Amended] 23. In § 548.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ Subpart G—Penalties § 551.701 [Amended] 27. In § 551.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 552—YEMEN SANCTIONS REGULATIONS 28. The authority citation for part 552 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, as amended (28 U.S.C. 2461 note); E.O. 13611, 77 FR 29533, 3 CFR, 2012 Comp., p. 260. Subpart G—Penalties § 552.701 [Amended] 29. In § 552.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS 30. 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, 7201–7211, 8501– 8551, 8701–8795; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12613, 52 FR 41940, 3 CFR, 1987 Comp., p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332; E.O. 12959, 60 FR 24757, 3 CFR, 1995 Comp., p. 356; E.O. 13059, 62 FR 44531, 3 CFR, 1997 Comp., p. 217; E.O. 13599, 77 FR 6659, 3 CFR, 2012 Comp., p. 215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p. 854. 24. The authority citation for part 549 continues to read as follows: Subpart G—Penalties 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, as amended (28 U.S.C. 2461 note); E.O. 13441, 72 FR 43499, 3 CFR, 2008 Comp., p. 232. ■ ■ § 560.701 [Amended] 31. In § 560.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. Subpart G—Penalties PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS § 549.701 ■ [Amended] 25. In § 549.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ ■ lotter on DSK11XQN23PROD with RULES1 [Amended] 19. In § 546.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ 287c; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13536, 75 FR 19869, 3 CFR, 2010 Comp., p. 203; E.O. 13620, 77 FR 43483, 3 CFR, 2012 Comp., p. 281. PART 551—SOMALIA SANCTIONS REGULATIONS 26. The authority citation for part 551 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. PO 00000 Frm 00006 Fmt 4700 Sfmt 4700 32. 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; 22 U.S.C. 8501–8551, 8701–8795; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); 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, 3 CFR, 2012 Comp., p. 215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p. 854; E.O. 13871, 84 FR 20761, 3 CFR, 2019 Comp., p. 309. E:\FR\FM\09FER1.SGM 09FER1 Federal Register / Vol. 87, No. 27 / Wednesday, February 9, 2022 / Rules and Regulations Subpart G—Penalties § 561.701 [Amended] 33. In § 561.701, in paragraph (a)(4), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 566—HIZBALLAH FINANCIAL SANCTIONS REGULATIONS 34. 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, as amended (28 U.S.C. 2461 note); Pub. L. 114–102, 129 Stat. 2205 (50 U.S.C. 1701 note); Pub. L. 115–272, 132 Stat. 4144 (50 U.S.C. 1701 note). PART 584—MAGNITSKY ACT SANCTIONS REGULATIONS PART 594—GLOBAL TERRORISM SANCTIONS REGULATIONS 40. The authority citation for part 584 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, as amended (28 U.S.C. 2461 note); Pub. L. 112–208, Title IV, 126 Stat. 1502 (22 U.S.C. 5811 note). § 584.701 [Amended] 41. In § 584.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 588—WESTERN BALKANS STABILIZATION REGULATIONS 42. The authority citation for part 588 continues to read as follows: ■ Subpart G—Penalties § 566.701 [Amended] 35. In § 566.701, in paragraph (b), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 576—IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS 36. 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. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); 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 § 576.701 37. In § 576.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ PART 583—GLOBAL MAGNITSKY SANCTIONS REGULATIONS 38. The authority citation for part 583 is revised to read as follows: lotter on DSK11XQN23PROD with RULES1 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, as amended (28 U.S.C. 2461 note); Pub. L. 114–328, Div. A, Title XII, Subt. F, 130 Stat. 2533 (22 U.S.C. 2656 note); E.O. 13818, 82 FR 60839, 3 CFR, 2017 Comp., p. 399. [Amended] 39. In § 583.701, in paragraph (c), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. 16:18 Feb 08, 2022 § 588.701 [Amended] 43. In § 588.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ Jkt 256001 48. 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, as amended (28 U.S.C. 2461 note); Pub. L. 115– 44, 131 Stat. 886 (codified in scattered sections of 22 U.S.C.); Pub. L. 115–348, 132 Stat. 5055 (50 U.S.C. 1701 note); Pub. L. 115– 272, 132 Stat. 4144 (50 U.S.C. 1701 note); 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 § 594.701 [Amended] 49. In § 594.701, in paragraph (a)(2), remove ‘‘$311,562’’and add in its place ‘‘$330,947’’. ■ PART 597—FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS 50. The authority citation for part 597 continues to read as follows: ■ PART 590—TRANSNATIONAL CRIMINAL ORGANIZATIONS SANCTIONS REGULATIONS Authority: 8 U.S.C. 1189; 18 U.S.C. 2339B; 31 U.S.C. 321(b); Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note). ■ 44. The authority citation for part 590 continues to read as follows: Subpart G—Penalties 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, as amended (28 U.S.C. 2461 note); E.O. 13581, 76 FR 44757, 3 CFR, 2011 Comp., p. 260; E.O. 13863, 84 FR 10255, 3 CFR, 2019 Comp., p. 267. § 597.701 § 590.701 [Amended] 51. In § 597.701, in paragraph (b)(3), remove ‘‘$82,244’’ and add in its place ‘‘$87,361’’. ■ PART 598—FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS [Amended] 45. In § 590.701, in paragraph (a)(2), remove ‘‘$311,562’’ and add in its place ‘‘$330,947’’. ■ 46. The authority citation for part 592 continues to read as follows: 52. 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, as amended (28 U.S.C. 2461 note). Subpart G—Penalties ■ Authority: 3 U.S.C. 301; 19 U.S.C. 3901– 3913; 31 U.S.C. 321(b); Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13312, 68 FR 45151, 3 CFR, 2003 Comp., p. 246. Subpart F—Penalties § 592.601 ■ VerDate Sep<11>2014 Subpart G—Penalties PART 592—ROUGH DIAMONDS CONTROL REGULATIONS ■ § 583.701 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, as amended (28 U.S.C. 2461 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 [Amended] 7373 § 598.701 [Amended] 53. In § 598.701, in paragraph (a)(4), remove ‘‘$1,548,075’’ and add in its place ‘‘$1,644,396’’. ■ Andrea M. Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2022–02736 Filed 2–8–22; 8:45 am] [Amended] 47. In § 592.601, in paragraph (a)(2), remove ‘‘$14,074’’ and add in its place ‘‘$14,950’’. BILLING CODE 4810–AL–P ■ PO 00000 Frm 00007 Fmt 4700 Sfmt 9990 E:\FR\FM\09FER1.SGM 09FER1

Agencies

[Federal Register Volume 87, Number 27 (Wednesday, February 9, 2022)]
[Rules and Regulations]
[Pages 7369-7373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-02736]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 501, 510, 535, 536, 539, 541, 542, 544, 546, 547, 548, 
549, 551, 552, 560, 561, 566, 576, 583, 584, 588, 590, 592, 594, 
597, and 598


Inflation Adjustment of Civil Monetary Penalties

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is issuing this final rule to adjust certain civil 
monetary penalties for inflation pursuant to the Federal Civil 
Penalties Inflation Adjustment Act of 1990, as amended by the Federal 
Civil Penalties Inflation Adjustment Act Improvements Act of 2015.

DATES: This rule is effective February 9, 2022.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; Assistant Director for Sanctions Compliance & Evaluation, 
202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available from OFAC's website: www.treasury.gov/ofac.

Background

    Section 4 of the Federal Civil Penalties Inflation Adjustment Act 
(1990 Pub. L. 101-410, 104 Stat. 890; 28 U.S.C. 2461 note), as amended 
by the Federal Civil Penalties Inflation Adjustment Act Improvements 
Act of 2015 (Pub. L. 114-74, 129 Stat. 599, 28 U.S.C. 2461 note) (the 
FCPIA Act), requires each federal agency with statutory authority to 
assess civil monetary penalties (CMPs) to adjust CMPs annually for 
inflation according to a formula described in section 5 of the FCPIA 
Act. One purpose of the FCPIA Act is to ensure that CMPs continue to 
maintain their deterrent effect through periodic cost-of-living based 
adjustments.
    OFAC has adjusted its CMPs seven times since the Federal Civil 
Penalties Inflation Adjustment Act Improvements Act went into effect on 
November 2, 2015: An initial catch-up adjustment on August 1, 2016 (81 
FR 43070, July 1, 2016); an additional initial catch-up adjustment 
related to CMPs for failure to comply with a requirement to furnish 
information, the late filing of a required report, and failure to 
maintain records (``recordkeeping CMPs'') that were inadvertently 
omitted from the August 1, 2016 initial catch-up adjustment on October 
5, 2020 (85 FR 54911, September 3, 2020); and annual adjustments on 
February 10, 2017 (82 FR 10434, February 10, 2017); March 19, 2018 (83 
FR 11876, March 19, 2018); June 14, 2019 (84 FR 27714, June 14, 2019); 
April 9, 2020 (85 FR 19884, April 9, 2020); and March 17, 2021 (86 FR 
14534, March 17, 2021).

Method of Calculation

    The method of calculating CMP adjustments applied in this final 
rule is required by the FCPIA Act. Under the FCPIA Act and the Office 
of Management and Budget guidance required by the FCPIA Act, annual 
inflation adjustments subsequent to the initial catch-up adjustment are 
to be based on the percent change between the Consumer Price Index for 
all Urban Consumers (``CPI-U'') for the October preceding the date of 
the adjustment and the prior year's October CPI-U. As set forth in 
Office of Management and Budget Memorandum M-22-07 of December 15, 
2021, the adjustment multiplier for 2022 is 1.06222. In order to 
complete the 2022 annual adjustment, each current CMP is multiplied by 
the 2022 adjustment multiplier. Under the FCPIA Act, any increase in 
CMP must be rounded to the nearest multiple of $1.

New Penalty Amounts

    OFAC imposes CMPs pursuant to the penalty authority in five 
statutes: The Trading With the Enemy Act (50 U.S.C. 4301-4341, at 4315) 
(TWEA); the International Emergency Economic Powers Act (50 U.S.C. 
1701-1706, at 1705) (IEEPA); the Antiterrorism and Effective Death 
Penalty Act of 1996 (18 U.S.C. 2339B) (AEDPA); the Foreign Narcotics 
Kingpin Designation Act (21 U.S.C. 1901-1908, at 1906) (FNKDA); and the 
Clean Diamond Trade Act (19 U.S.C. 3901-3913, at 3907) (CDTA).
    The table below summarizes the existing and new maximum CMP amounts 
for each statute.

           Table 1--Maximum CMP Amounts for Relevant Statutes
------------------------------------------------------------------------
                                                          Maximum CMP
              Statute                Existing maximum   amount effective
                                        CMP amount      February 9, 2022
------------------------------------------------------------------------
TWEA..............................            $91,816            $97,529
IEEPA.............................            311,562            330,947
AEDPA.............................             82,244             87,361
FNKDA.............................          1,548,075          1,644,396
CDTA..............................             14,074             14,950
------------------------------------------------------------------------


[[Page 7370]]

    In addition to updating these maximum CMP amounts, OFAC is also 
updating two references to one-half the IEEPA maximum CMP from $155,781 
to $165,474, and is adjusting the recordkeeping CMP amounts found in 
OFAC's Economic Sanctions Enforcement Guidelines in appendix A to 31 
CFR part 501. The table below summarizes the existing and new maximum 
CMP amounts for OFAC's recordkeeping CMPs.

           Table 2--Maximum CMP Amounts for Recordkeeping CMPs
------------------------------------------------------------------------
                                                          Maximum CMP
             Violation               Existing maximum   amount effective
                                        CMP amount      February 9, 2022
------------------------------------------------------------------------
Failure to furnish information                $24,046            $25,542
 pursuant to 31 CFR 501.602
 irrespective of whether any other
 violation is alleged.............
Failure to furnish information                 60,115             63,855
 pursuant to 31 CFR 501.602 where
 OFAC has reason to believe that
 the apparent violation(s)
 involves a transaction(s) valued
 at greater than $500,000,
 irrespective of whether any other
 violation is alleged.............
Late filing of a required report,               3,005              3,192
 whether set forth in regulations
 or in a specific license, if
 filed within the first 30 days
 after the report is due..........
Late filing of a required report,               6,012              6,386
 whether set forth in regulations
 or in a specific license, if
 filed more than 30 days after the
 report is due....................
Late filing of a required report,               1,203              1,278
 whether set forth in regulations
 or in a specific license, if the
 report relates to blocked assets,
 an additional CMP for every 30
 days that the report is overdue,
 up to five years.................
Failure to maintain records in                 60,226             63,973
 conformance with the requirements
 of OFAC's regulations or of a
 specific license.................
------------------------------------------------------------------------

    Finally, OFAC is making changes in the authorities citations of 31 
CFR parts 583 and 584, to more specifically reference one of the 
relevant statutory authorities in each citation.

Public Participation

    The FCPIA Act expressly exempts this final rule from the notice and 
comment requirements of the Administrative Procedure Act by directing 
agencies to adjust CMPs for inflation ``notwithstanding section 553 of 
title 5, United States Code'' (Pub. L. 114-74, 129 Stat. 599; 28 U.S.C. 
2461 note). As such, this final rule is being issued without prior 
public notice or opportunity for public comment, with an effective date 
of February 9, 2022.

Paperwork Reduction Act

    The Paperwork Reduction Act does not apply because this rule does 
not impose information collection requirements that would require the 
approval of the Office of Management and Budget under 44 U.S.C. 3501 et 
seq.

List of Subjects in 31 CFR Parts 501, 510, 535, 536, 539, 541, 542, 
544, 546, 547, 548, 549, 551, 552, 560, 561, 566, 576, 583, 584, 
588, 590, 592, 594, 597, and 598

    Administrative practice and procedure, Banks, banking, Blocking of 
assets, Exports, Foreign trade, Licensing, Penalties, Sanctions.

    For the reasons set forth in the preamble, OFAC amends 31 CFR 
chapter V as follows:

PART 501--REPORTING, PROCEDURES AND PENALTIES REGULATIONS

0
1. The authority citation for part 501 continues to read as follows:

    Authority:  8 U.S.C. 1189; 18 U.S.C. 2332d, 2339B; 19 U.S.C. 
3901-3913; 21 U.S.C. 1901-1908; 22 U.S.C. 287c, 2370(a), 6009, 6032, 
7205, 8501-8551; 31 U.S.C. 321(b); 50 U.S.C. 1701-1706, 4301-4341; 
Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note).

Subpart D--Trading With the Enemy Act (TWEA) Penalties


Sec.  501.701  [Amended]

0
2. In Sec.  501.701, in paragraph (a)(3), remove ``$91,816'' and add in 
its place ``$97,529''.

0
3. Amend appendix A to part 501 as follows:
0
a. In paragraph IV.A., remove ``$24,046'' and add in its place 
``$25,542'' and remove ``$60,115'' and add in in its place ``$63,855''.
0
b. In paragraph IV.B., remove ``$3,005'' and add in its place 
``$3,192'', remove ``$6,012'' and add in its place ``$6,386'', and 
remove ``$1,203'' and add in its place ``$1,278''.
0
c. In paragraph IV.C., remove ``$60,226'' and add in its place 
``$63,973''.
0
d. In paragraph V.B.2.a.i., remove ``$155,781'' and add in its place 
``$165,474'' and remove ``$311,562'' and add in its place ``$330,947''.
0
e. In paragraph V.B.2.a.ii., remove ``$311,562'' wherever it appears 
and add in its place ``$330,947''.
0
f. In paragraph V.B.2.a.v., remove ``$311,562'' and add in its place 
``$330,947'', remove ``$91,816'' and add in its place ``$97,529'', 
remove ``$1,548,075'' and add in its place ``$1,644,396'', remove 
``$82,244'' and add in its place ``$87,361'', and remove ``$14,074'' 
and add in its place ``$14,950''.
0
g. Revise paragraph V.B.2.a.vi.
    The revision reads as follows:

Appendix A to Part 501--Economic Sanctions Enforcement Guidelines.

* * * * *
    V. * * *
    B. * * *
    2. * * *
    a. * * *
    vi. The following matrix represents the base amount of the proposed 
civil penalty for each category of violation:

[[Page 7371]]

[GRAPHIC] [TIFF OMITTED] TR09FE22.012

* * * * *

PART 510--NORTH KOREA SANCTIONS REGULATIONS

0
4. The authority citation for part 510 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; 22 U.S.C. 287c, 9201-9255; Pub. L. 101-410, 104 Stat. 
890, as amended (28 U.S.C. 2461 note); Pub. L. 115-44, 131 Stat. 886 
(codified in scattered sections of 22 U.S.C.); E.O. 13466, 73 FR 
36787, 3 CFR, 2008 Comp., p. 195; E.O. 13551, 75 FR 53837, 3 CFR, 
2010 Comp., p. 242; E.O. 13570, 76 FR 22291, 3 CFR, 2011 Comp., p. 
233; E.O. 13687, 80 FR 819, 3 CFR, 2015 Comp., p. 259; E.O. 13722, 
81 FR 14943, 3 CFR, 2016 Comp., p. 446; E.O. 13810, 82 FR 44705, 3 
CFR, 2017 Comp., p. 379.

Subpart G--Penalties


Sec.  510.701   [Amended]

0
5. In Sec.  510.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

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, as 
amended (28 U.S.C. 2461 note); 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; E.O. 12294, 46 FR 14111, 3 CFR, 1981 Comp., 
p. 139.

Subpart G--Penalties


Sec.  535.701   [Amended]

0
7. In Sec.  535.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

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, as amended (28 U.S.C. 
2461 note); 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 Sec.  536.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 539--WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS

0
10. The authority citation for part 539 continues to read as follows:

    Authority:  3 U.S.C. 301; 22 U.S.C. 2751-2799aa-2; 31 U.S.C. 
321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 
890, as amended (28 U.S.C. 2461 note); 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.  539.701   [Amended]

0
11. In Sec.  539.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 541--ZIMBABWE SANCTIONS REGULATIONS

0
12. The authority citation for part 541 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 
2461 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.

[[Page 7372]]

Subpart G--Penalties


Sec.  541.701   [Amended]

0
13. In Sec.  541.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 542--SYRIAN SANCTIONS REGULATIONS

0
14. The authority citation for part 542 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 18 U.S.C. 2332d; 22 
U.S.C. 287c; 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 
Stat. 890, as amended (28 U.S.C. 2461 note); Pub. L. 116-92, Div. F, 
Title LXXIV, 133 Stat. 2290 (22 U.S.C. 8791 note); E.O. 13338, 69 FR 
26751, 3 CFR, 2004 Comp., p. 168; E.O. 13399, 71 FR 25059, 3 CFR, 
2006 Comp., p. 218; E.O. 13460, 73 FR 8991, 3 CFR 2008 Comp., p. 
181; E.O. 13572, 76 FR 24787, 3 CFR 2011 Comp., p. 236; E.O. 13573, 
76 FR 29143, 3 CFR 2011 Comp., p. 241; E.O. 13582, 76 FR 52209, 3 
CFR 2011 Comp., p. 264; E.O. 13606, 77 FR 24571, 3 CFR 2012 Comp., 
p. 243.

Subpart G--Penalties


Sec.  542.701  [Amended]

0
15. In Sec.  542.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 544--WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS 
REGULATIONS

0
16. The authority citation for part 544 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 
2461 note); E.O. 12938, 59 FR 59099, 3 CFR, 1994 Comp., p. 950; E.O. 
13094, 63 FR 40803, 3 CFR, 1998 Comp., p. 200; E.O. 13382, 70 FR 
38567, 3 CFR, 2005 Comp., p. 170.

Subpart G--Penalties


Sec.  544.701   [Amended]

0
17. In Sec.  544.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 546--DARFUR SANCTIONS REGULATIONS

0
18. The authority citation for part 546 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as 
amended (28 U.S.C. 2461 note); E.O. 13067, 62 FR 59989, 3 CFR, 1997 
Comp., p. 230; E.O. 13400, 71 FR 25483, 3 CFR, 2006 Comp., p. 220.

Subpart G--Penalties


Sec.  546.701   [Amended]

0
19. In Sec.  546.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 547--DEMOCRATIC REPUBLIC OF THE CONGO SANCTIONS REGULATIONS

0
20. The authority citation for part 547 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890, as 
amended (28 U.S.C. 2461 note); E.O. 13413, 71 FR 64105, 3 CFR, 2006 
Comp., p. 247; E.O. 13671, 79 FR 39949, 3 CFR, 2015 Comp., p. 280.

Subpart G--Penalties


Sec.  547.701   [Amended]

0
21. In Sec.  547.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 548--BELARUS SANCTIONS REGULATIONS

0
22. The authority citation for part 548 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 
2461 note); E.O. 13405, 71 FR 35485, 3 CFR, 2007 Comp., p. 231.

Subpart G--Penalties


Sec.  548.701   [Amended]

0
23. In Sec.  548.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 549--LEBANON SANCTIONS REGULATIONS

0
24. The authority citation for part 549 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 
2461 note); E.O. 13441, 72 FR 43499, 3 CFR, 2008 Comp., p. 232.

Subpart G--Penalties


Sec.  549.701  [Amended]

0
25. In Sec.  549.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 551--SOMALIA SANCTIONS REGULATIONS

0
26. The authority citation for part 551 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, as 
amended (28 U.S.C. 2461 note); E.O. 13536, 75 FR 19869, 3 CFR, 2010 
Comp., p. 203; E.O. 13620, 77 FR 43483, 3 CFR, 2012 Comp., p. 281.

Subpart G--Penalties


Sec.  551.701   [Amended]

0
27. In Sec.  551.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 552--YEMEN SANCTIONS REGULATIONS

0
28. The authority citation for part 552 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, as amended (28 U.S.C. 
2461 note); E.O. 13611, 77 FR 29533, 3 CFR, 2012 Comp., p. 260.

Subpart G--Penalties


Sec.  552.701   [Amended]

0
29. In Sec.  552.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 560--IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS

0
30. 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, 7201-7211, 8501-8551, 8701-8795; 31 U.S.C. 321(b); 50 
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as 
amended (28 U.S.C. 2461 note); E.O. 12613, 52 FR 41940, 3 CFR, 1987 
Comp., p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332; 
E.O. 12959, 60 FR 24757, 3 CFR, 1995 Comp., p. 356; E.O. 13059, 62 
FR 44531, 3 CFR, 1997 Comp., p. 217; E.O. 13599, 77 FR 6659, 3 CFR, 
2012 Comp., p. 215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p. 
854.

Subpart G--Penalties


Sec.  560.701  [Amended]

0
31. In Sec.  560.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 561--IRANIAN FINANCIAL SANCTIONS REGULATIONS

0
32. 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; 22 U.S.C. 8501-8551, 8701-8795; Pub. L. 101-410, 104 
Stat. 890, as amended (28 U.S.C. 2461 note); 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, 3 CFR, 2012 Comp., p. 
215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p. 854; E.O. 13871, 
84 FR 20761, 3 CFR, 2019 Comp., p. 309.

[[Page 7373]]

Subpart G--Penalties


Sec.  561.701  [Amended]

0
33. In Sec.  561.701, in paragraph (a)(4), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 566--HIZBALLAH FINANCIAL SANCTIONS REGULATIONS

0
34. 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, as amended (28 U.S.C. 
2461 note); Pub. L. 114-102, 129 Stat. 2205 (50 U.S.C. 1701 note); 
Pub. L. 115-272, 132 Stat. 4144 (50 U.S.C. 1701 note).

Subpart G--Penalties


Sec.  566.701  [Amended]

0
35. In Sec.  566.701, in paragraph (b), remove ``$311,562'' and add in 
its place ``$330,947''.

PART 576--IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS

0
36. 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. 101-410, 104 Stat. 890, as 
amended (28 U.S.C. 2461 note); E.O. 13303, 68 FR 31931, 3 CFR, 2003 
Comp., p. 227; E.O. 13315, 68 FR 52315, 3 CFR, 2003 Comp., p. 252; 
E.O. 13350, 69 FR 46055, 3 CFR, 2004 Comp., p. 196; E.O. 13364, 69 
FR 70177, 3 CFR, 2004 Comp., p. 236; E.O. 13438, 72 FR 39719, 3 CFR, 
2007 Comp., p. 224; E.O. 13668, 79 FR 31019, 3 CFR, 2014 Comp., p. 
248.

Subpart G--Penalties


Sec.  576.701   [Amended]

0
37. In Sec.  576.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 583--GLOBAL MAGNITSKY SANCTIONS REGULATIONS

0
38. The authority citation for part 583 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, as amended (28 U.S.C. 
2461 note); Pub. L. 114-328, Div. A, Title XII, Subt. F, 130 Stat. 
2533 (22 U.S.C. 2656 note); E.O. 13818, 82 FR 60839, 3 CFR, 2017 
Comp., p. 399.


Sec.  583.701   [Amended]

0
39. In Sec.  583.701, in paragraph (c), remove ``$311,562'' and add in 
its place ``$330,947''.

PART 584--MAGNITSKY ACT SANCTIONS REGULATIONS

0
40. The authority citation for part 584 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, as amended (28 U.S.C. 
2461 note); Pub. L. 112-208, Title IV, 126 Stat. 1502 (22 U.S.C. 
5811 note).


Sec.  584.701  [Amended]

0
41. In Sec.  584.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 588--WESTERN BALKANS STABILIZATION REGULATIONS

0
42. 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, as amended (28 U.S.C. 
2461 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
43. In Sec.  588.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 590--TRANSNATIONAL CRIMINAL ORGANIZATIONS SANCTIONS 
REGULATIONS

0
44. The authority citation for part 590 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, as amended (28 U.S.C. 
2461 note); E.O. 13581, 76 FR 44757, 3 CFR, 2011 Comp., p. 260; E.O. 
13863, 84 FR 10255, 3 CFR, 2019 Comp., p. 267.

Subpart G--Penalties


Sec.  590.701   [Amended]

0
45. In Sec.  590.701, in paragraph (a)(2), remove ``$311,562'' and add 
in its place ``$330,947''.

PART 592--ROUGH DIAMONDS CONTROL REGULATIONS

0
46. The authority citation for part 592 continues to read as follows:

    Authority: 3 U.S.C. 301; 19 U.S.C. 3901-3913; 31 U.S.C. 321(b); 
Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); 
E.O. 13312, 68 FR 45151, 3 CFR, 2003 Comp., p. 246.

Subpart F--Penalties


Sec.  592.601  [Amended]

0
47. In Sec.  592.601, in paragraph (a)(2), remove ``$14,074'' and add 
in its place ``$14,950''.

PART 594--GLOBAL TERRORISM SANCTIONS REGULATIONS

0
48. 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, as 
amended (28 U.S.C. 2461 note); Pub. L. 115-44, 131 Stat. 886 
(codified in scattered sections of 22 U.S.C.); Pub. L. 115-348, 132 
Stat. 5055 (50 U.S.C. 1701 note); Pub. L. 115-272, 132 Stat. 4144 
(50 U.S.C. 1701 note); 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
49. In Sec.  594.701, in paragraph (a)(2), remove ``$311,562''and add 
in its place ``$330,947''.

PART 597--FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS

0
50. The authority citation for part 597 continues to read as follows:

    Authority:  8 U.S.C. 1189; 18 U.S.C. 2339B; 31 U.S.C. 321(b); 
Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note).

Subpart G--Penalties


Sec.  597.701  [Amended]

0
51. In Sec.  597.701, in paragraph (b)(3), remove ``$82,244'' and add 
in its place ``$87,361''.

PART 598--FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS

0
52. 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, as amended (28 U.S.C. 2461 note).

Subpart G--Penalties


Sec.  598.701  [Amended]

0
53. In Sec.  598.701, in paragraph (a)(4), remove ``$1,548,075'' and 
add in its place ``$1,644,396''.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-02736 Filed 2-8-22; 8:45 am]
BILLING CODE 4810-AL-P

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