[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: 31CFR595.701]



[Page 474]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 595_TERRORISM SANCTIONS REGULATIONS--Table of Contents

 

                           Subpart G_Penalties

 

Sec. 595.701  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 of not to exceed $11,000 per violation may be 

imposed on any person who violates any license, order, or regulation 

issued under the Act;

    (2) Whoever willfully violates any license, order, or regulation 

issued under the Act shall, upon conviction be fined not more than 

$50,000, or, if a natural person, may be imprisoned for not more than 

ten years, or both; 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 any department or 

agency of the United States, knowingly and willfully falsifies, conceals 

or covers up by any trick, scheme, or device a material fact, or makes 

any false, fictitious or fraudulent statement or representation or makes 

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

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.



[61 FR 3806, Feb. 2, 1996, as amended at 61 FR 54940, Oct. 23, 1996; 62 

FR 45111, Aug. 25, 1997]