By Maya Lester KC & Michael O’Kane

OFAC increases maximum civil monetary penalties

The US Treasury Department has published a final rule to account for inflation on the maximum amount of civil monetary penalties (CMP) which can be imposed for sanctions violations, as required under the Federal Civil Penalties Inflation Adjustment Act of 1990 (as amended). The changes come into effect on 9 April 2020. Notice here. Existing and new maximum CMP amounts: …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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