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 …

United StatesUnited States

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
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...

See profile for Michael O'Kane >