2022-02736. Inflation Adjustment of Civil Monetary Penalties  

  • Start Preamble

    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.

    Start Further Info

    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.

    End Further Info End Preamble Start Supplemental Information

    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

    StatuteExisting maximum CMP amountMaximum CMP amount effective February 9, 2022
    TWEA$91,816$97,529
    IEEPA311,562330,947
    AEDPA82,24487,361
    FNKDA1,548,0751,644,396
    CDTA14,07414,950
    Start Printed 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

    ViolationExisting maximum CMP amountMaximum CMP amount effective February 9, 2022
    Failure to furnish information pursuant to 31 CFR 501.602 irrespective of whether any other violation is alleged$24,046$25,542
    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 alleged60,11563,855
    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 due3,0053,192
    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 due6,0126,386
    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 years1,2031,278
    Failure to maintain records in conformance with the requirements of OFAC's regulations or of a specific license60,22663,973

    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.

    Start List of Subjects

    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
    End List of Subjects

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

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    PART 501—REPORTING, PROCEDURES AND PENALTIES REGULATIONS

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

    End Amendment Part Start Authority

    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).

    End Authority

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

    [Amended]
    Start Amendment Part

    2. In § 501.701, in paragraph (a)(3), remove “$91,816” and add in its place “$97,529”.

    End Amendment Part Start Amendment Part

    3. Amend appendix A to part 501 as follows:

    End Amendment Part Start Amendment Part

    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”.

    End Amendment Part Start Amendment Part

    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”.

    End Amendment Part Start Amendment Part

    c. In paragraph IV.C., remove “$60,226” and add in its place “$63,973”.

    End Amendment Part Start Amendment Part

    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”.

    End Amendment Part Start Amendment Part

    e. In paragraph V.B.2.a.ii., remove “$311,562” wherever it appears and add in its place “$330,947”.

    End Amendment Part Start Amendment Part

    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”.

    End Amendment Part Start Amendment Part

    g. Revise paragraph V.B.2.a.vi.

    End Amendment Part

    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:

    Start Printed Page 7371

    * * * * *
    Start Part

    PART 510—NORTH KOREA SANCTIONS REGULATIONS

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    5. In § 510.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 535—IRANIAN ASSETS CONTROL REGULATIONS

    End Part Start Amendment Part

    6. The authority citation for part 535 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    7. In § 535.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 536—NARCOTICS TRAFFICKING SANCTIONS REGULATIONS

    End Part Start Amendment Part

    8. The authority citation for part 536 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    9. In § 536.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 539—WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    11. In § 539.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 541—ZIMBABWE SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority Start Printed Page 7372

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    13. In § 541.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 542—SYRIAN SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    15. In § 542.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 544—WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    17. In § 544.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 546—DARFUR SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    19. In § 546.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 547—DEMOCRATIC REPUBLIC OF THE CONGO SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    21. In § 547.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 548—BELARUS SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    23. In § 548.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 549—LEBANON SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    25. In § 549.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 551—SOMALIA SANCTIONS REGULATIONS

    End Part Start Amendment Part

    26. The authority citation for part 551 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    27. In § 551.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 552—YEMEN SANCTIONS REGULATIONS

    End Part Start Amendment Part

    28. The authority citation for part 552 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    29. In § 552.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS

    End Part Start Amendment Part

    30. The authority citation for part 560 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    31. In § 560.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS

    End Part Start Amendment Part

    32. The authority citation for part 561 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority Start Printed Page 7373

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    33. In § 561.701, in paragraph (a)(4), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 566—HIZBALLAH FINANCIAL SANCTIONS REGULATIONS

    End Part Start Amendment Part

    34. The authority citation for part 566 continues to read as follows:

    End Amendment Part Start Authority

    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).

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    35. In § 566.701, in paragraph (b), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 576—IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS

    End Part Start Amendment Part

    36. The authority citation for part 576 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    37. In § 576.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 583—GLOBAL MAGNITSKY SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority
    [Amended]
    Start Amendment Part

    39. In § 583.701, in paragraph (c), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 584—MAGNITSKY ACT SANCTIONS REGULATIONS

    End Part Start Amendment Part

    40. The authority citation for part 584 is revised to read as follows:

    End Amendment Part Start Authority

    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).

    End Authority
    [Amended]
    Start Amendment Part

    41. In § 584.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 588—WESTERN BALKANS STABILIZATION REGULATIONS

    End Part Start Amendment Part

    42. The authority citation for part 588 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    43. In § 588.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 590—TRANSNATIONAL CRIMINAL ORGANIZATIONS SANCTIONS REGULATIONS

    End Part Start Amendment Part

    44. The authority citation for part 590 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    45. In § 590.701, in paragraph (a)(2), remove “$311,562” and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 592—ROUGH DIAMONDS CONTROL REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart F—Penalties

    [Amended]
    Start Amendment Part

    47. In § 592.601, in paragraph (a)(2), remove “$14,074” and add in its place “$14,950”.

    End Amendment Part Start Part

    PART 594—GLOBAL TERRORISM SANCTIONS REGULATIONS

    End Part Start Amendment Part

    48. The authority citation for part 594 continues to read as follows:

    End Amendment Part Start Authority

    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.

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    49. In § 594.701, in paragraph (a)(2), remove “$311,562”and add in its place “$330,947”.

    End Amendment Part Start Part

    PART 597—FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS

    End Part Start Amendment Part

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

    End Amendment Part Start Authority

    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).

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    51. In § 597.701, in paragraph (b)(3), remove “$82,244” and add in its place “$87,361”.

    End Amendment Part Start Part

    PART 598—FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS

    End Part Start Amendment Part

    52. The authority citation for part 598 continues to read as follows:

    End Amendment Part Start Authority

    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).

    End Authority

    Subpart G—Penalties

    [Amended]
    Start Amendment Part

    53. In § 598.701, in paragraph (a)(4), remove “$1,548,075” and add in its place “$1,644,396”.

    End Amendment Part Start Signature

    Andrea M. Gacki,

    Director, Office of Foreign Assets Control.

    End Signature End Supplemental Information

    [FR Doc. 2022-02736 Filed 2-8-22; 8:45 am]

    BILLING CODE 4810-AL-P

Document Information

Effective Date:
2/9/2022
Published:
02/09/2022
Department:
Foreign Assets Control Office
Entry Type:
Rule
Action:
Final rule.
Document Number:
2022-02736
Dates:
This rule is effective February 9, 2022.
Pages:
7369-7373 (5 pages)
Topics:
Administrative practice and procedure, Banks, banking, Banks, banking, Banks, banking, Banks, banking, Blocking of assets, Exports, Foreign trade, Penalties
PDF File:
2022-02736.pdf
Supporting Documents:
» Hong Kong-Related Sanctions Regulations
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
» Blocking or Unblocking of Persons and Properties
CFR: (26)
31 CFR 501.701
31 CFR 510.701
31 CFR 535.701
31 CFR 536.701
31 CFR 539.701
More ...