[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR536.704]



[Page 171-172]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 536_NARCOTICS TRAFFICKING SANCTIONS REGULATIONS--Table of Contents

 

                           Subpart G_Penalties

 

Sec. 536.704  Penalty notice.



    (a) No violation. If, after considering any written response to the 

prepenalty notice and any relevant facts, the Director of the Office of 

Foreign Assets Control determines that there was no violation by the 

respondent named in the prepenalty notice, the Director promptly shall 

notify the respondent in writing of that determination and that no 

monetary penalty will be imposed.



[[Page 172]]



    (b) Violation. If, after considering any written response to the 

prepenalty notice and any relevant facts, the Director of the Office of 

Foreign Assets Control determines that there was a violation by the 

respondent named in the prepenalty notice, the Director promptly shall 

issue a written notice of the imposition of the monetary penalty or 

other available disposition on the respondent.