Inflation Adjustment of Civil Monetary Penalties, 2139-2144 [2024-00594]

Download as PDF Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations [FR Doc. 2024–00530 Filed 1–11–24; 8:45 am] BILLING CODE 4310–05–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, 553, 555, 558, 560, 561, 566, 570, 576, 578, 583, 584, 588, 589, 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. SUMMARY: DATES: This rule is effective January 12, 2024. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; Assistant Director for Compliance, 202– 622–2490. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are 2139 available from OFAC’s website (www.treas.gov/ofac). FR 7369, February 9, 2022); and January 13, 2023 (88 FR 2229, January 13, 2023). Background Method of Calculation Section 4 of the Federal Civil Penalties Inflation Adjustment Act of 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-livingbased adjustments. OFAC has adjusted its CMPs nine times since the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 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); March 17, 2021 (86 FR 14534, March 17, 2021); February 9, 2022 (87 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–24–07 of December 19, 2023, the adjustment multiplier for 2023 is 1.03241. In order to complete the 2024 annual adjustment, each current CMP is multiplied by the 2024 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 Statute khammond on DSKJM1Z7X2PROD with RULES TWEA ............................................................................................................................................... IEEPA .............................................................................................................................................. AEDPA ............................................................................................................................................. FNKDA ............................................................................................................................................. CDTA ............................................................................................................................................... In addition to updating these maximum CMP amounts, OFAC is also updating two references to one-half the IEEPA maximum CMP from $178,290 to VerDate Sep<11>2014 15:08 Jan 11, 2024 Jkt 262001 $184,068, and is adjusting the recordkeeping CMP amounts found in OFAC’s Economic Sanctions Enforcement Guidelines in appendix A PO 00000 Frm 00029 Fmt 4700 Sfmt 4700 $105,083 356,579 94,127 1,771,754 16,108 Maximum CMP amount effective Jan. 12, 2024 $108,489 368,136 97,178 1,829,177 16,630 to 31 CFR part 501. The table below summarizes the existing and new maximum CMP amounts for OFAC’s recordkeeping CMPs. E:\FR\FM\12JAR1.SGM 12JAR1 2140 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations 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 594 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 January 12, 2024. Regulatory Flexibility Act Executive Order 12866 This rule is not a significant regulatory action as defined in section 3.f. of Executive Order 12866 of September 30, 1993, ‘‘Regulatory Planning and Review’’ (58 FR 51735, October 4, 1993), as amended. khammond on DSKJM1Z7X2PROD with RULES Paperwork Reduction Act The Paperwork Reduction Act does not apply because this rule does not impose information collection requirements that would require the 15:08 Jan 11, 2024 List of Subjects in 31 CFR Parts 501, 510, 535, 536, 539, 541, 542, 544, 546, 547, 548, 549, 551, 552, 553, 555, 558, 560, 561, 566, 570, 576, 578, 583, 584, 588, 589, 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 1. The authority citation for part 501 continues to read as follows: ■ 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. VerDate Sep<11>2014 approval of the Office of Management and Budget under 44 U.S.C. 3501 et seq. Jkt 262001 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) introductory text, remove ‘‘$105,083’’ and add in its place ‘‘$108,489’’. ■ 3. Amend appendix A to part 501 as follows: ■ a. In paragraph IV.A., remove ‘‘$27,520’’ and add in its place ■ PO 00000 Frm 00030 Fmt 4700 Sfmt 4700 Maximum CMP amount effective Jan. 12, 2024 $27,520 $28,412 68,801 71,031 3,439 3,550 6,881 7,104 1,377 1,422 68,928 71,162 ‘‘$28,412’’ and remove ‘‘$68,801’’ and add in in its place ‘‘$71,031’’; ■ b. In paragraph IV.B., remove ‘‘$3,439’’ and add in its place ‘‘$3,550’’, remove ‘‘$6,881’’ and add in its place ‘‘$7,104’’, and remove ‘‘$1,377’’ and add in its place ‘‘$1,422’’; ■ c. In paragraph IV.C., remove ‘‘$68,928’’ and add in its place ‘‘$71,162’’; ■ d. In paragraph V.B.2.a.i., remove ‘‘$178,290’’ and add in its place ‘‘$184,068’’ and remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’; ■ e. In paragraph V.B.2.a.ii., remove ‘‘$356,579’’ in all three locations where it appears and add in its place in all three locations ‘‘$368,136’’; ■ f. In paragraph V.B.2.a.v., remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’, remove ‘‘$105,083’’ and add in its place ‘‘$108,489’’, remove ‘‘$1,771,754’’ and add in its place ‘‘$1,829,177’’, remove ‘‘$94,127’’ and add in its place ‘‘$97,178’’, and remove ‘‘$16,108’’ and add in its place ‘‘$16,630’’; and ■ 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\12JAR1.SGM 12JAR1 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations 2141 BASE PENALTY MATRIX Egregious Case YES NO YES (1) (3) One-Half of Transaction Value One-Half of (capped at lesser of $184,068 or Applicable Statutory Maximum one-half of the applicable statutory maximum per violation) (4) (2) Applicable Schedule Amount (capped at lesser of$368,136 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 and Finding of Violation 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 § 535.701 [Amended] 5. In § 510.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. khammond on DSKJM1Z7X2PROD with RULES ■ PART 535—IRANIAN ASSETS CONTROL REGULATIONS PART 536—NARCOTICS TRAFFICKING SANCTIONS REGULATIONS ■ § 536.701 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, VerDate Sep<11>2014 15:08 Jan 11, 2024 Jkt 262001 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 6. The authority citation for part 535 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 8. The authority citation for part 536 continues to read as follows: [Amended] 10. The authority citation for part 539 continues to read as follows: ■ 7. In § 535.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ ■ § 510.701 PART 539—WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS [Amended] 9. In § 536.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PO 00000 Frm 00031 Fmt 4700 Sfmt 4700 § 539.701 [Amended] 11. In § 539.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. 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\12JAR1.SGM 12JAR1 ER12JA24.071</GPH> * 2142 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations Subpart G—Penalties Subpart G—Penalties § 541.701 § 546.701 [Amended] PART 551—SOMALIA SANCTIONS REGULATIONS [Amended] 13. In § 541.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ 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: 19. In § 546.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ 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. 20. The authority citation for part 547 continues to read as follows: § 542.701 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 and Finding of Violation § 547.701 [Amended] 21. In § 547.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. [Amended] 15. In § 542.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 548—BELARUS SANCTIONS REGULATIONS 22. The authority citation for part 548 continues to read as follows: ■ PART 544—WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS REGULATIONS 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 § 544.701 [Amended] 17. In § 544.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. 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 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; Pub. L. 101–410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13405, 71 FR 35485, 3 CFR, 2006 Comp., p. 231; E.O. 14038, 86 FR 43905, 3 CFR, 2021 Comp., p. 626. § 551.701 [Amended] 27. In § 551.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ 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 and Findings of Violation § 552.701 [Amended] 29. In § 552.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 553—CENTRAL AFRICAN REPUBLIC SANCTIONS REGULATIONS 30. The authority citation for part 553 continues to read as follows: ■ Subpart G—Penalties § 548.701 Subpart G—Penalties and Findings of Violation [Amended] 23. In § 548.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. 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. 13667, 79 FR 28387, 3 CFR, 2014 Comp., p. 243. PART 549—LEBANON SANCTIONS REGULATIONS Subpart G—Penalties and Findings of Violation 24. The authority citation for part 549 continues to read as follows: § 553.701 ■ ■ PART 546—DARFUR SANCTIONS REGULATIONS 18. The authority citation for part 546 continues to read as follows: khammond on DSKJM1Z7X2PROD with RULES ■ 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 15:08 Jan 11, 2024 Jkt 262001 ■ 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. 25. In § 549.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. PO 00000 Frm 00032 Fmt 4700 Sfmt 4700 PART 555—MALI SANCTIONS REGULATIONS 32. The authority citation for part 555 continues to read as follows: [Amended] ■ 31. In § 553.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ ■ Subpart G—Penalties § 549.701 [Amended] 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. 13882, 84 FR 37055, 3 CFR, 2019 Comp., p. 346. E:\FR\FM\12JAR1.SGM 12JAR1 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations Subpart G—Penalties and Findings of Violation § 555.701 [Amended] Subpart G—Penalties Subpart G—Penalties § 561.701 § 576.701 [Amended] 2143 [Amended] 45. In § 576.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ 39. In § 561.701, in paragraph (a)(4), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 566—HIZBALLAH FINANCIAL SANCTIONS REGULATIONS PART 578—CYBER-RELATED SANCTIONS REGULATIONS ■ 40. 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); E.O. 13664, 79 FR 19283, 3 CFR, 2014 Comp., p. 238. 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). 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. 115–44, 131 Stat. 886 (codified in scattered sections of 22 U.S.C.); E.O. 13694, 80 FR 18077, 3 CFR 2015 Comp., p. 297; E.O. 13757, 82 FR 1, 3 CFR 2016 Comp., p. 659. 33. In § 555.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 558—SOUTH SUDAN SANCTIONS REGULATIONS 34. The authority citation for part 558 continues to read as follows: Subpart G—Penalties and Findings of Violation § 558.701 [Amended] Subpart G—Penalties and Finding of Violation § 566.701 35. In § 558.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘368,136’’. ■ PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS 36. The authority citation for part 560 continues to read as follows: [Amended] 41. In § 566.701, in paragraph (b), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 570—LIBYAN SANCTIONS REGULATIONS ■ 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 § 560.701 [Amended] 37. In § 560.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. 46. The authority citation for part 578 continues to read as follows: Subpart G—Penalties and Findings of Violation § 578.701 [Amended] 47. In § 578.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 583—GLOBAL MAGNITSKY SANCTIONS REGULATIONS 42. The authority citation for part 570 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. 13566, 76 FR 11315, 3 CFR, 2011 Comp., p. 222; E.O. 13726, 81 FR 23559, 3 CFR, 2016 Comp., p. 454. Authority: 3 U.S.C. 301; 22 U.S.C. 10101– 10103; 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. 13818, 82 FR 60839, 3 CFR, 2017 Comp., p. 399. Subpart G—Penalties and Findings of Violation Subpart G—Penalties and Findings of Violation § 570.701 § 583.701 ■ [Amended] 48. The authority citation for part 583 is revised to read as follows: [Amended] ■ 43. In § 570.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 576—IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS PART 584—MAGNITSKY ACT SANCTIONS REGULATIONS 49. In § 583.701, in paragraph (c), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS 38. The authority citation for part 561 continues to read as follows: khammond on DSKJM1Z7X2PROD with RULES ■ 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. VerDate Sep<11>2014 15:08 Jan 11, 2024 Jkt 262001 50. The authority citation for part 584 continues to read as follows: ■ 44. 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. PO 00000 Frm 00033 Fmt 4700 Sfmt 4700 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). Subpart G—Penalties and Finding of Violation § 584.701 [Amended] 51. In § 584.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ E:\FR\FM\12JAR1.SGM 12JAR1 2144 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations PART 588—WESTERN BALKANS STABILIZATION REGULATIONS PART 592—ROUGH DIAMONDS CONTROL REGULATIONS Subpart G—Penalties ■ 52. The authority citation for part 588 continues to read as follows: ■ 58. The authority citation for part 592 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. 13219, 66 FR 34777, 3 CFR, 2001 Comp., p. 778; E.O. 13304, 68 FR 32315, 3 CFR, 2004 Comp., p. 229; E.O. 14033, 86 FR 43905, 3 CFR, 2022 Comp., p. 591. 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. Bradley T. Smith, Director, Office of Foreign Assets Control. Subpart G—Penalties and Findings of Violation ■ § 588.701 [Amended] 53. In § 588.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ PART 589—UKRAINE-/RUSSIARELATED SANCTIONS REGULATIONS 54. The authority citation for part 589 continues to read as follows: ■ Authority: 3 U.S.C. 301; 22 U.S.C. 8901– 8910, 8921–8930; 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.); E.O. 13660, 79 FR 13493, 3 CFR, 2014 Comp., p. 226; E.O. 13661, 79 FR 15535, 3 CFR, 2014 Comp., p. 229; E.O. 13662, 79 FR 16169, 3 CFR, 2014 Comp., p. 233; E.O. 13685, 79 FR 77357, 3 CFR, 2014 Comp., p. 313. Subpart G—Penalties and Findings of Violation § 589.701 55. In § 589.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. 56. The authority citation for part 590 continues to read as follows: khammond on DSKJM1Z7X2PROD with RULES 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 and Findings of Violation § 590.701 § 592.601 [Amended] DEPARTMENT OF DEFENSE 59. In § 592.601, in paragraph (a)(2), remove ‘‘$16,108’’ and add in its place ‘‘$16,630’’. PART 594—GLOBAL TERRORISM SANCTIONS REGULATIONS 60. The authority citation for part 594 is revised to read as follows: ■ Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 22 U.S.C. 9404–9411; 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, as amended (50 U.S.C. 1701 note); Pub. L. 115–348, 132 Stat. 5055 (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; E.O. 13886, 84 FR 48041, 3 CFR, 2019 Comp., p. 356. Subpart G—Penalties § 594.701 [Amended] 61. In § 594.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ Subpart G—Penalties § 597.701 [Amended] 63. In § 597.701, in paragraph (b)(3), remove ‘‘$94,127’’ and add in its place ‘‘$97,178’’. ■ PART 598—FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS 64. The authority citation for part 598 continues to read as follows: 57. In § 590.701, in paragraph (a)(2), remove ‘‘$356,579’’ and add in its place ‘‘$368,136’’. ■ 15:08 Jan 11, 2024 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). ■ [Amended] VerDate Sep<11>2014 PART 597—FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS 62. The authority citation for part 597 continues to read as follows: ■ Jkt 262001 [FR Doc. 2024–00594 Filed 1–11–24; 8:45 am] BILLING CODE 4810–AL–P ■ PART 590—TRANSNATIONAL CRIMINAL ORGANIZATIONS SANCTIONS REGULATIONS [Amended] 65. In § 598.701, in paragraph (a)(4), remove ‘‘$1,771,754’’ and add in its place ‘‘$1,829,177’’. Subpart F—Penalties [Amended] ■ § 598.701 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). PO 00000 Frm 00034 Fmt 4700 Sfmt 4700 Office of the Secretary 32 CFR Part 269 [Docket ID: DOD–2016–OS–0045] RIN 0790–AL72 Civil Monetary Penalty Inflation Adjustment Office of the Under Secretary of Defense (Comptroller), Department of Defense (DoD). ACTION: Final rule. AGENCY: The DoD is issuing this final rule to adjust each of its statutory civil monetary penalties (CMP) to account for inflation. The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 Act), requires the head of each agency to adjust for inflation its CMP levels in effect as of November 2, 2015, under a revised methodology that was effective for 2016 and for each year thereafter. DATES: This rule is effective January 15, 2024. FOR FURTHER INFORMATION CONTACT: Dzenana Dzanic, 703–508–9277. SUPPLEMENTARY INFORMATION: SUMMARY: Background Information The Federal Civil Penalties Inflation Adjustment Act of 1990, Public Law 101–410, codified at 28 U.S.C. 2461, note, as amended, requires agencies to annually adjust the level of CMPs for inflation to improve their effectiveness and maintain their deterrent effect. Section 2461 requires that not later than July 1, 2016, and not later than January 15 of every year thereafter, the head of each agency must adjust each CMP within its jurisdiction by the inflation adjustment set forth therein. The inflation adjustment is determined by increasing the maximum CMP or the range of minimum and maximum CMPs, as applicable, for each CMP by the cost- E:\FR\FM\12JAR1.SGM 12JAR1

Agencies

[Federal Register Volume 89, Number 9 (Friday, January 12, 2024)]
[Rules and Regulations]
[Pages 2139-2144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00594]


=======================================================================
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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 501, 510, 535, 536, 539, 541, 542, 544, 546, 547, 548, 
549, 551, 552, 553, 555, 558, 560, 561, 566, 570, 576, 578, 583, 
584, 588, 589, 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 January 12, 2024.

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

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available from OFAC's website (www.treas.gov/ofac).

Background

    Section 4 of the Federal Civil Penalties Inflation Adjustment Act 
of 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 nine times since the Federal Civil 
Penalties Inflation Adjustment Act Improvements Act of 2015 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); March 17, 2021 (86 FR 
14534, March 17, 2021); February 9, 2022 (87 FR 7369, February 9, 
2022); and January 13, 2023 (88 FR 2229, January 13, 2023).

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-24-07 of December 19, 
2023, the adjustment multiplier for 2023 is 1.03241. In order to 
complete the 2024 annual adjustment, each current CMP is multiplied by 
the 2024 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 amount
           Statute              Existing maximum     effective Jan. 12,
                                   CMP amount               2024
------------------------------------------------------------------------
TWEA........................             $105,083               $108,489
IEEPA.......................              356,579                368,136
AEDPA.......................               94,127                 97,178
FNKDA.......................            1,771,754              1,829,177
CDTA........................               16,108                 16,630
------------------------------------------------------------------------

    In addition to updating these maximum CMP amounts, OFAC is also 
updating two references to one-half the IEEPA maximum CMP from $178,290 
to $184,068, 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.

[[Page 2140]]



           Table 2--Maximum CMP Amounts for Recordkeeping CMPs
------------------------------------------------------------------------
                                                     Maximum CMP amount
          Violation             Existing maximum     effective Jan. 12,
                                   CMP amount               2024
------------------------------------------------------------------------
Failure to furnish                        $27,520                $28,412
 information pursuant to 31
 CFR 501.602 irrespective of
 whether any other violation
 is alleged.................
Failure to furnish                         68,801                 71,031
 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                   3,439                  3,550
 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                   6,881                  7,104
 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                   1,377                  1,422
 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                68,928                 71,162
 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 594 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 January 12, 2024.

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.

Executive Order 12866

    This rule is not a significant regulatory action as defined in 
section 3.f. of Executive Order 12866 of September 30, 1993, 
``Regulatory Planning and Review'' (58 FR 51735, October 4, 1993), as 
amended.

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, 553, 555, 558, 560, 561, 566, 
570, 576, 578, 583, 584, 588, 589, 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) introductory text, remove 
``$105,083'' and add in its place ``$108,489''.

0
3. Amend appendix A to part 501 as follows:
0
a. In paragraph IV.A., remove ``$27,520'' and add in its place 
``$28,412'' and remove ``$68,801'' and add in in its place ``$71,031'';
0
b. In paragraph IV.B., remove ``$3,439'' and add in its place 
``$3,550'', remove ``$6,881'' and add in its place ``$7,104'', and 
remove ``$1,377'' and add in its place ``$1,422'';
0
c. In paragraph IV.C., remove ``$68,928'' and add in its place 
``$71,162'';
0
d. In paragraph V.B.2.a.i., remove ``$178,290'' and add in its place 
``$184,068'' and remove ``$356,579'' and add in its place ``$368,136'';
0
e. In paragraph V.B.2.a.ii., remove ``$356,579'' in all three locations 
where it appears and add in its place in all three locations 
``$368,136'';
0
f. In paragraph V.B.2.a.v., remove ``$356,579'' and add in its place 
``$368,136'', remove ``$105,083'' and add in its place ``$108,489'', 
remove ``$1,771,754'' and add in its place ``$1,829,177'', remove 
``$94,127'' and add in its place ``$97,178'', and remove ``$16,108'' 
and add in its place ``$16,630''; and
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 2141]]

[GRAPHIC] [TIFF OMITTED] TR12JA24.071

* * * * *

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 and Finding of Violation


Sec.  510.701   [Amended]

0
5. In Sec.  510.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

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 ``$356,579'' and add 
in its place ``$368,136''.

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 ``$356,579'' and add 
in its place ``$368,136''.

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 ``$356,579'' and add 
in its place ``$368,136''.

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 2142]]

Subpart G--Penalties


Sec.  541.701  [Amended]

0
13. In Sec.  541.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

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 ``$356,579'' and add 
in its place ``$368,136''.

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 ``$356,579'' and add 
in its place ``$368,136''.

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 ``$356,579'' and add 
in its place ``$368,136''.

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 and Finding of Violation


Sec.  547.701   [Amended]

0
21. In Sec.  547.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

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, 2006 Comp., p. 231; E.O. 
14038, 86 FR 43905, 3 CFR, 2021 Comp., p. 626.

Subpart G--Penalties


Sec.  548.701  [Amended]

0
23. In Sec.  548.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

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 ``$356,579'' and add 
in its place ``$368,136''.

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 and Findings of Violation


Sec.  551.701  [Amended]

0
27. In Sec.  551.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

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 and Findings of Violation


Sec.  552.701  [Amended]

0
29. In Sec.  552.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 553--CENTRAL AFRICAN REPUBLIC SANCTIONS REGULATIONS

0
30. The authority citation for part 553 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. 13667, 79 FR 28387, 3 CFR, 2014 
Comp., p. 243.

Subpart G--Penalties and Findings of Violation


Sec.  553.701  [Amended]

0
31. In Sec.  553.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 555--MALI SANCTIONS REGULATIONS

0
32. The authority citation for part 555 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. 13882, 84 FR 37055, 3 CFR, 2019 
Comp., p. 346.

[[Page 2143]]

Subpart G--Penalties and Findings of Violation


Sec.  555.701  [Amended]

0
33. In Sec.  555.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 558--SOUTH SUDAN SANCTIONS REGULATIONS

0
34. The authority citation for part 558 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. 13664, 79 FR 19283, 3 CFR, 2014 Comp., p. 238.

Subpart G--Penalties and Findings of Violation


Sec.  558.701  [Amended]

0
35. In Sec.  558.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``368,136''.

PART 560--IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS

0
36. 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
37. In Sec.  560.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 561--IRANIAN FINANCIAL SANCTIONS REGULATIONS

0
38. 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.

Subpart G--Penalties


Sec.  561.701  [Amended]

0
39. In Sec.  561.701, in paragraph (a)(4), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 566--HIZBALLAH FINANCIAL SANCTIONS REGULATIONS

0
40. 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 and Finding of Violation


Sec.  566.701  [Amended]

0
41. In Sec.  566.701, in paragraph (b), remove ``$356,579'' and add in 
its place ``$368,136''.

PART 570--LIBYAN SANCTIONS REGULATIONS

0
42. The authority citation for part 570 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. 13566, 76 FR 11315, 3 CFR, 2011 
Comp., p. 222; E.O. 13726, 81 FR 23559, 3 CFR, 2016 Comp., p. 454.

Subpart G--Penalties and Findings of Violation


Sec.  570.701  [Amended]

0
43. In Sec.  570.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 576--IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS

0
44. 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
45. In Sec.  576.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 578--CYBER-RELATED SANCTIONS REGULATIONS

0
46. The authority citation for part 578 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. 115-44, 131 Stat. 886 (codified in scattered 
sections of 22 U.S.C.); E.O. 13694, 80 FR 18077, 3 CFR 2015 Comp., 
p. 297; E.O. 13757, 82 FR 1, 3 CFR 2016 Comp., p. 659.

Subpart G--Penalties and Findings of Violation


Sec.  578.701  [Amended]

0
47. In Sec.  578.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 583--GLOBAL MAGNITSKY SANCTIONS REGULATIONS

0
48. The authority citation for part 583 is revised to read as follows:

    Authority:  3 U.S.C. 301; 22 U.S.C. 10101-10103; 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. 13818, 82 FR 60839, 3 
CFR, 2017 Comp., p. 399.

Subpart G--Penalties and Findings of Violation


Sec.  583.701  [Amended]

0
49. In Sec.  583.701, in paragraph (c), remove ``$356,579'' and add in 
its place ``$368,136''.

PART 584--MAGNITSKY ACT SANCTIONS REGULATIONS

0
50. 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, as amended (28 U.S.C. 
2461 note); Pub. L. 112-208, Title IV, 126 Stat. 1502 (22 U.S.C. 
5811 note).

Subpart G--Penalties and Finding of Violation


Sec.  584.701  [Amended]

0
51. In Sec.  584.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

[[Page 2144]]

PART 588--WESTERN BALKANS STABILIZATION REGULATIONS

0
52. 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; 22 U.S.C. 287c; 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; 
E.O. 14033, 86 FR 43905, 3 CFR, 2022 Comp., p. 591.

Subpart G--Penalties and Findings of Violation


Sec.  588.701  [Amended]

0
53. In Sec.  588.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 589--UKRAINE-/RUSSIA-RELATED SANCTIONS REGULATIONS

0
54. The authority citation for part 589 continues to read as follows:

    Authority: 3 U.S.C. 301; 22 U.S.C. 8901-8910, 8921-8930; 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.); E.O. 13660, 
79 FR 13493, 3 CFR, 2014 Comp., p. 226; E.O. 13661, 79 FR 15535, 3 
CFR, 2014 Comp., p. 229; E.O. 13662, 79 FR 16169, 3 CFR, 2014 Comp., 
p. 233; E.O. 13685, 79 FR 77357, 3 CFR, 2014 Comp., p. 313.

Subpart G--Penalties and Findings of Violation


Sec.  589.701  [Amended]

0
55. In Sec.  589.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 590--TRANSNATIONAL CRIMINAL ORGANIZATIONS SANCTIONS 
REGULATIONS

0
56. 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 and Findings of Violation


Sec.  590.701  [Amended]

0
57. In Sec.  590.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 592--ROUGH DIAMONDS CONTROL REGULATIONS

0
58. 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
59. In Sec.  592.601, in paragraph (a)(2), remove ``$16,108'' and add 
in its place ``$16,630''.

PART 594--GLOBAL TERRORISM SANCTIONS REGULATIONS

0
60. The authority citation for part 594 is revised to read as follows:

    Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 22 U.S.C. 9404-9411; 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, as amended (50 U.S.C. 1701 note); Pub. L. 115-348, 132 
Stat. 5055 (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; E.O. 13886, 84 FR 48041, 3 
CFR, 2019 Comp., p. 356.

Subpart G--Penalties


Sec.  594.701  [Amended]

0
61. In Sec.  594.701, in paragraph (a)(2), remove ``$356,579'' and add 
in its place ``$368,136''.

PART 597--FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS

0
62. 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
63. In Sec.  597.701, in paragraph (b)(3), remove ``$94,127'' and add 
in its place ``$97,178''.

PART 598--FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS

0
64. 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
65. In Sec.  598.701, in paragraph (a)(4), remove ``$1,771,754'' and 
add in its place ``$1,829,177''.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-00594 Filed 1-11-24; 8:45 am]
BILLING CODE 4810-AL-P

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