Treasury adjusts for inflation maximum civil monetary penalties assessed under OFAC sanction regulations

Agency Rule-Making & Guidance Financial Crimes OFAC Civil Money Penalties Department of Treasury Federal Register Sanctions

On March 19, the U.S. Treasury Department published a final rule in the Federal Register that adjusts for inflation the maximum amount of civil monetary penalties that may be assessed by the Treasury’s Terrorism Risk Insurance Program, Office of Foreign Assets Control, and Financial Crimes Enforcement Network for violations of laws administered by those agencies. The rule became effective immediately.