[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: 31CFR542.701]



[Page 248]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 542_SYRIAN SANCTIONS REGULATIONS--Table of Contents

 

                           Subpart G_Penalties

 

Sec. 542.701  Penalties.





    (a) Attention is directed to section 206 of the International 

Emergency Economic Powers Act (the ``Act'') (50 U.S.C. 1705), which is 

applicable to violations of the provisions of any license, ruling, 

regulation, order, direction, or instruction issued by or pursuant to 

the direction or authorization of the Secretary of the Treasury pursuant 

to this part or otherwise under the Act. Section 206 of the Act, as 

adjusted by the Federal Civil Penalties Inflation Adjustment Act of 1990 

(Pub. L. 101-410, as amended, 28 U.S.C. 2461 note), provides that:

    (1) A civil penalty not to exceed $11,000 per violation may be 

imposed on any person who violates or attempts to violate any license, 

order, or regulation issued under the Act;

    (2) Whoever willfully violates or willfully attempts to violate any 

license, order, or regulation issued under the Act, upon conviction, 

shall be fined not more than $50,000, and if a natural person, may also 

be imprisoned for not more than 10 years; and any officer, director, or 

agent of any corporation who knowingly participates in such violation 

may be punished by a like fine, imprisonment, or both.

    (b) The criminal penalties provided in the Act are subject to 

increase pursuant to 18 U.S.C. 3571.

    (c) Attention is also directed to 18 U.S.C. 1001, which provides 

that whoever, in any matter within the jurisdiction of the executive, 

legislative, or judicial branch of the Government of the United States, 

knowingly and willfully falsifies, conceals, or covers up by any trick, 

scheme, or device, a material fact, or makes any materially false, 

fictitious, or fraudulent statement or representation, or makes or uses 

any false writing or document knowing the same to contain any materially 

false, fictitious, or fraudulent statement or entry shall be fined under 

title 18, United States Code, or imprisoned not more than five years, or 

both.

    (d) Violations of this part may also be subject to relevant 

provisions of other applicable laws.



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