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

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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