OFAC increases maximum civil monetary penalties for sanctions violations

OFAC has published a final rule to adjust for inflation the maximum amount of civil monetary penalties (CMP) that 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 today, 17 March 2021. See Notice. The existing and new maximum CMP amounts are: Trading with …

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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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