[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: 31CFR595.703]



[Page 474-475]

 

                  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. 595.703  Presentation responding to prepenalty notice.



    (a) Time within which to respond. The named person shall have 30 

days from the date of mailing of the prepenalty



[[Page 475]]



notice to make a written presentation to the Director of the Office of 

Foreign Assets Control.

    (b) Form and contents of written presentation. The written 

presentation need not be in any particular form, but shall contain 

information sufficient to indicate that it is in response to the 

prepenalty notice. It should contain responses to the allegations in the 

prepenalty notice and set forth the reasons why the person believes the 

penalty should not be imposed or, if imposed, why it should be in a 

lesser amount than proposed.