83_FR_11929 83 FR 11876 - Inflation Adjustment of Civil Monetary Penalties

83 FR 11876 - Inflation Adjustment of Civil Monetary Penalties

DEPARTMENT OF THE TREASURY
Office of the Secretary of the Treasury
Office of Foreign Assets Control

Federal Register Volume 83, Issue 53 (March 19, 2018)

Page Range11876-11881
FR Document2018-05550

The Department of the Treasury (``Department'' or ``Treasury'') publishes this final rule to adjust its civil monetary penalties (``CMPs'') for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (collectively referred to herein as ``the Act''). This rule adjusts CMPs within the jurisdiction of certain components of the Department to the maximum amount required by the Act.

Federal Register, Volume 83 Issue 53 (Monday, March 19, 2018) 
[Federal Register Volume 83, Number 53 (Monday, March 19, 2018)]
[Rules and Regulations]
[Pages 11876-11881]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05550]


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DEPARTMENT OF THE TREASURY

Office of the Secretary of the Treasury

31 CFR Part 50

Office of Foreign Assets Control

31 CFR Parts 501, 535, 536, 538, 539, 541, 542, 544, 546, 547, 548, 
549, 560, 561, 566, 576, 584, 588, 592, 594, 595, 597, and 598

Financial Crimes Enforcement Network

31 CFR Part 1010


Inflation Adjustment of Civil Monetary Penalties

AGENCY: Departmental Offices, Financial Crimes Enforcement Network, and 
Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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SUMMARY: The Department of the Treasury (``Department'' or 
``Treasury'') publishes this final rule to adjust its civil monetary 
penalties (``CMPs'') for inflation as mandated by the Federal Civil 
Penalties Inflation Adjustment Act of 1990, as amended by the Federal 
Civil Penalties Inflation Adjustment Act Improvements Act of 2015 
(collectively referred to herein as ``the Act''). This rule adjusts 
CMPs within the jurisdiction of certain components of the Department to 
the maximum amount required by the Act.

DATES: Effective March 19, 2018.

FOR FURTHER INFORMATION CONTACT: For information regarding the 
Terrorism Risk Insurance Program's CMPs, contact Richard Ifft, Senior 
Insurance Regulatory Policy Analyst, Federal Insurance Office, Room 
1410 MT, Department of the Treasury, 1500 Pennsylvania Avenue NW, 
Washington, DC 20220, at (202) 622-2922 (not a toll-free number), Kevin 
Meehan, Senior Insurance Regulatory Policy Analyst, Federal Insurance 
Office, at (202) 622-7009 (not a toll-free number), or Lindsey Baldwin, 
Senior Policy Analyst, Federal Insurance Office, at (202) 622-3220 (not 
a toll free number). Persons who have difficulty hearing or speaking 
may access these numbers via TTY by calling the toll-free Federal Relay 
Service at (800) 877-8339.
    For information regarding Financial Crimes Enforcement Network's 
CMPs, contact the FinCEN Resource Center at (800) 767-2825 or email 
frc@fincen.gov.
    For information regarding the Office of Foreign Assets Control's 
CMPs, contact the Assistant Director for Enforcement, tel.: 202-622-
2430;

[[Page 11877]]

Assistant Director for Licensing, tel.: 202-622-2480; Assistant 
Director for Regulatory Affairs, tel.: 202-622-4855; Assistant Director 
for Sanctions Compliance & Evaluation, tel.: 202-622-2490; or the 
Department of the Treasury's Office of the Chief Counsel (Foreign 
Assets Control), Office of the General Counsel, tel.: 202-622-2410.

SUPPLEMENTARY INFORMATION: 

I. Background

    In order to improve the effectiveness of CMPs and to maintain their 
deterrent effect, the Federal Civil Penalties Inflation Adjustment Act 
of 1990, 28 U.S.C. 2461 note (``the Inflation Adjustment Act''), as 
amended by the Federal Civil Penalties Inflation Adjustment Act 
Improvements Act of 2015 (Pub. L. 114-74) (``the 2015 Act''), requires 
Federal agencies to adjust each CMP provided by law within the 
jurisdiction of the agency. The 2015 Act requires agencies to adjust 
the level of CMPs with an initial ``catch-up'' adjustment through an 
interim final rulemaking and to make subsequent annual adjustments for 
inflation, without needing to provide notice and the opportunity for 
public comment required by 5 U.S.C. 553. The Department's initial 
catch-up adjustment interim final rules were published on June 30, 2016 
(FinCEN) (81 FR 42503), July 1, 2016 (OFAC) (81 FR 43070), and December 
7, 2016 (Departmental Offices) (81 FR 88600). The Department's 2017 
annual adjustment was published on February 10, 2017 (82 FR 10434). The 
2015 Act provides that any increase in a CMP shall apply to CMPs that 
are assessed after the date the increase takes effect, regardless of 
whether the underlying violation predated such increase.\1\
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    \1\ However, the increased CMPs apply only with respect to 
underlying violations occurring after the date of enactment of the 
2015 Act, i.e., after November 2, 2015.
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II. Method of Calculation

    The method of calculating CMP adjustments applied in this final 
rule is required by the 2015 Act. Under the 2015 Act and the Office of 
Management and Budget guidance required by the 2015 Act, annual 
inflation adjustments subsequent to the initial catch-up adjustment are 
to be based on the percent change between the Consumer Price Index for 
all Urban Consumers (``CPI-U'') for the October preceding the date of 
the adjustment and the prior year's October CPI-U. As set forth in 
Office of Management and Budget Memorandum M-18-03 of December 15, 
2017, the adjustment multiplier for 2018 is 1.02041. In order to 
complete the 2018 annual adjustment, each current CMP is multiplied by 
the 2018 adjustment multiplier. Under the 2015 Act, any increase in CMP 
must be rounded to the nearest multiple of $1.

Procedural Matters

1. Administrative Procedure Act
    The Federal Civil Penalties Inflation Adjustment Act Improvements 
Act of 2015 (Section 701(b)) requires agencies, beginning in 2017, to 
make annual adjustments for inflation to CMPs, without needing to 
provide notice and the opportunity for public comment required by 5 
U.S.C. 553. Additionally, the methodology used, effective 2017, for 
adjusting CMPs for inflation is provided by statute, with no discretion 
provided to agencies regarding the substance of the adjustments for 
inflation to CMPs. The Department is charged only with performing 
ministerial computations to determine the dollar amount of adjustments 
for inflation to CMPs. Accordingly, prior public notice and an 
opportunity for public comment and a delayed effective date are not 
required for this rule.
2. Regulatory Flexibility Act
    Because no notice of proposed rulemaking is required, the 
provisions of the Regulatory Flexibility Act (5 U.S.C. 601 et seq.) do 
not apply.

3. Executive Order 12866

    This rule is not a significant regulatory action as defined in 
section 3.f of Executive Order 12866.
4. Paperwork Reduction Act
    The provisions of the Paperwork Reduction Act of 1995, Public Law 
104-13, 44 U.S.C. Chapter 35, and its implementing regulations, 5 CFR 
part 1320, do not apply to this rule because there are no new or 
revised recordkeeping or reporting requirements.

List of Subjects

31 CFR Part 50

    Insurance, Terrorism.

31 CFR Parts 501, 535, 536, 538, 539, 541, 542, 544, 546, 547, 548, 
549, 560, 561, 566, 576, 584, 588, 592, 594, 595, 597, and 598

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, Exports, Foreign trade, Licensing, Penalties, Sanctions.

31 CFR Part 1010

    Authority delegations (Government agencies), Banks and banking, 
Currency, Investigations, Law enforcement, Reporting and recordkeeping 
requirements.

Authority and Issuance

    For the reasons set forth in the preamble, part 50, chapter V, and 
part 1010 of title 31 of the Code of Federal Regulations are amended as 
follows:

PART 50--TERRORISM RISK INSURANCE PROGRAM

0
1. The authority citation for part 50 continues to read as follows:

    Authority: 5 U.S.C. 301; 31 U.S.C. 321; Title I, Pub. L. 107-
297, 116 Stat. 2322, as amended by Pub. L. 109-144, 119 Stat. 2660, 
Pub. L. 110-160, 121 Stat. 1839 and Pub. L. 114-1, 129 Stat. 3 (15 
U.S.C. 6701 note); Pub. L. 114-74, 129 Stat. 601, Title VII (28 
U.S.C. 2461 note).

0
2. Amend Sec.  50.83 by revising paragraph (a) to read as follows:


Sec.  50.83   Adjustment of civil monetary penalty amount.

    (a) Inflation adjustment. Any penalty under the Act and these 
regulations may not exceed the greater of $1,360,525 and, in the case 
of any failure to pay, charge, collect or remit amounts in accordance 
with the Act or these regulations such amount in dispute.
* * * * *

PART 501--REPORTING, PROCEDURES AND PENALTIES REGULATIONS

0
3. The authority citation for part 501 continues to read as follows:

    Authority:  8 U.S.C. 1189; 18 U.S.C. 2332d, 2339B; 19 U.S.C. 
3901-3913; 21 U.S.C. 1901-1908; 22 U.S.C. 287c; 22 U.S.C. 2370(a), 
6009, 6032, 7205; 28 U.S.C. 2461 note; 31 U.S.C. 321(b); 50 U.S.C. 
1701-1706; 50 U.S.C. App. 1-44.

Subpart D--Trading With the Enemy Act (TWEA) Penalties


Sec.  501.701  [Amended]

0
4. Amend Sec.  501.701 as follows:
0
a. In the note to paragraph (a)(1), remove ``As of January 15, 2017,'' 
; and remove ``$85,236'' and add in its place ``$86,976''.
0
b. In paragraph (a)(3), remove ``$85,236'' and add in its place 
``$86,976''.

0
5. Amend appendix A to part 501 as follows:
0
a. In section V.B.2.a.i., remove ``$144,619'' and add in its place 
``$147,571'', and remove ``$289,238'' and add in its place 
``$295,141''.
0
b. In section V.B.2.a.ii., remove ``$289,238'' in all three locations 
where it appears, and add in its place in all three locations 
``$295,141''.

[[Page 11878]]

0
c. Revise the note to paragraph (a) of section V.B.2.a. to read as 
follows:

Appendix A to Part 501--Economic Sanctions Enforcement Guidelines

* * * * *
    B. * * *
    2. * * *
    a. * * *
    Note to paragraph (a): The applicable statutory maximum civil 
penalty per violation for each statute enforced by OFAC is as 
follows: International Emergency Economic Powers Act (IEEPA)--
greater of $295,141 or twice the amount of the underlying 
transaction; Trading with the Enemy Act (TWEA)--$86,976; Foreign 
Narcotics Kingpin Designation Act (FNKDA)--$1,466,485; Antiterrorism 
and Effective Death Penalty Act of 1996 (AEDPA)--greater of $77,909 
or twice the amount of which a financial institution was required to 
retain possession or control; and Clean Diamond Trade Act (CDTA)--
$13,333. The civil penalty amounts authorized under these statutes 
are subject to adjustment pursuant to the Federal Civil Penalties 
Inflation Adjustment Act of 1990 (Pub. L. 101-410, as amended, 28 
U.S.C. 2461 note).
    The following matrix represents the base amount of the proposed 
civil penalty for each category of violation:
[GRAPHIC] [TIFF OMITTED] TR19MR18.001

PART 535--IRANIAN ASSETS CONTROL REGULATIONS

0
6. The authority citation for part 535 continues to read as follows:

    Authority:  3 U.S.C. 301; 18 U.S.C. 2332d; 31 U.S.C. 321(b); 50 
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 
U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011; E.O. 12170, 44 FR 
65729, 3 CFR, 1979 Comp., p. 457; E.O. 12205, 45 FR 24099, 3 CFR, 
1980 Comp., p. 248; E.O. 12211, 45 FR 26685, 3 CFR, 1980 Comp., p. 
253; E.O. 12276, 46 FR 7913, 3 CFR, 1981 Comp., p. 104; E.O. 12279, 
46 FR 7919, 3 CFR, 1981 Comp., p. 109; E.O. 12280, 46 FR 7921, 3 
CFR, 1981 Comp., p. 110; E.O. 12281, 46 FR 7923, 3 CFR, 1981 Comp., 
p. 112; E.O. 12282, 46 FR 7925, 3 CFR, 1981 Comp., p. 113; E.O. 
12283, 46 FR 7927, 3 CFR, 1981 Comp., p. 114; and E.O. 12294, 46 FR 
14111, 3 CFR, 1981 Comp., p. 139.

Subpart G--Penalties


Sec.  535.701   [Amended]

0
7. In the note to paragraph (a)(1) in Sec.  535.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 536--NARCOTICS TRAFFICKING SANCTIONS REGULATIONS

0
8. The authority citation for part 536 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011; E.O. 12978, 60 FR 54579, 3 CFR, 1995 
Comp., p. 415; E.O. 13286, 68 FR 10619, 3 CFR, 2003 Comp., p. 166.

Subpart G--Penalties


Sec.  536.701   [Amended]

0
9. In the note to paragraph (a)(1) in Sec.  536.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 538--SUDANESE SANCTIONS REGULATIONS

0
10. The authority citation for part 538 continues to read as follows:

    Authority:  3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 31 U.S.C. 
321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 
890 (28 U.S.C. 2461 note); 22 U.S.C. 7201-7211; Pub. L. 109-344, 120 
Stat. 1869; Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); 
E.O. 13067, 62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O. 13412, 71 
FR 61369, 3 CFR, 2006 Comp., p. 244.

[[Page 11879]]

Subpart G--Penalties


Sec.  538.701   [Amended]

0
11. In the note to paragraph (a)(1) in Sec.  538.701 , remove ``As of 
January 15, 2017'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 539--WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS

0
12. The authority citation for part 539 continues to read as follows:

    Authority:  3 U.S.C. 301; 22 U.S.C. 2751-2799aa-2; 31 U.S.C. 
321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 
890 (28 U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011; E.O. 
12938, 59 FR 59099, 3 CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR 
40803, 3 CFR, 1998 Comp., p. 200.

Subpart G--Penalties


Sec.  539.701   [Amended]

0
13. In the note to paragraph (a)(1) in Sec.  539.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 541--ZIMBABWE SANCTIONS REGULATIONS

0
14. The authority citation for part 541 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13288, 68 
FR 11457, 3 CFR, 2003 Comp., p. 186; E.O. 13391, 70 FR 71201, 3 CFR, 
2005 Comp., p. 206; E.O. 13469, 73 FR 43841, 3 CFR, 2008 Comp., p. 
1025.

Subpart G--Penalties


Sec.  541.701   [Amended]

0
15. In the note to paragraph (a)(1) in Sec.  541.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 542--SYRIAN SANCTIONS REGULATIONS

0
16. The authority citation for part 542 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 18 U.S.C. 2332d; 22 
U.S.C. 287c; 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 
Stat. 890 (28 U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011 (50 
U.S.C. 1701 note); E.O. 13338, 69 FR 26751, 3 CFR, 2004 Comp., p. 
168; E.O. 13399, 71 FR 25059, 3 CFR, 2006 Comp., p. 218; E.O. 13460, 
73 FR 8991, 3 CFR 2008 Comp., p. 181; E.O. 13572, 76 FR 24787, 3 CFR 
2011 Comp., p. 236; E.O. 13573, 76 FR 29143, 3 CFR 2011 Comp., p. 
241; E.O. 13582, 76 FR 52209, 3 CFR 2011 Comp., p. 264; E.O. 13606, 
77 FR 24571, 3 CFR 2012 Comp., p. 243.

Subpart G--Penalties


Sec.  542.701   [Amended]

0
17. In the note to paragraph (a)(1) in Sec.  542.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 544--WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS 
REGULATIONS

0
18. The authority citation for part 544 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Public Law 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Public Law 110-96, 121 Stat. 1011; E.O. 12938, 59 FR 59099, 3 CFR, 
1994 Comp., p. 950; E.O. 13094, 63 FR 40803, 3 CFR, 1998 Comp., p. 
200; E.O. 13382, 70 FR 38567, 3 CFR, 2005 Comp., p. 170.

Subpart G--Penalties


Sec.  544.701  [Amended]

0
19. In the note to paragraph (a)(1) in Sec.  544.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 546--DARFUR SANCTIONS REGULATIONS

0
20. The authority citation for part 546 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 
2461 note); Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); 
E.O. 13067, 62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O. 13400, 71 
FR 25483, 3 CFR, 2006 Comp., p. 220.

Subpart G--Penalties


Sec.  546.701  [Amended]

0
21. In the note to paragraph (a)(1) in Sec.  546.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 547--DEMOCRATIC REPUBLIC OF THE CONGO SANCTIONS REGULATIONS

0
22. The authority citation for part 547 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; 22 U.S.C. 287c; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 
2461 note); Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); 
E.O. 13413, 71 FR 64105, 3 CFR, 2006 Comp., p. 247.

Subpart G--Penalties


Sec.  547.701  [Amended]

0
23. In the note to paragraph (a)(1) in Sec.  547.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 548--BELARUS SANCTIONS REGULATIONS

0
24. The authority citation for part 548 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13405, 71 
FR 35485; 3 CFR, 2007 Comp., p. 231.

Subpart G--Penalties


Sec.  548.701  [Amended]

0
25. In the note to paragraph (a)(1) in Sec.  548.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 549--LEBANON SANCTIONS REGULATIONS

0
26. The authority citation for part 549 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13441, 72 
FR 43499, 3 CFR, 2008 Comp., p. 232.

Subpart G--Penalties


Sec.  549.701  [Amended]

0
27. In the note to paragraph (a)(1) in Sec.  549.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 560--IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS

0
28. The authority citation for part 560 continues to read as follows:

    Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C. 
2349aa-9; 22 U.S.C. 7201-7211; 31 U.S.C. 321(b); 50 U.S.C. 1601-
1651, 1701-1706; Public Law 101-410, 104 Stat. 890 (28 U.S.C. 2461 
note); Public Law 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); 
Public Law 111-195, 124 Stat. 1312 (22 U.S.C. 8501-8551); Public Law 
112-81, 125 Stat. 1298 (22 U.S.C. 8513a); Public Law 112-158, 126 
Stat. 1214 (22 U.S.C. 8701-8795); E.O. 12613, 52 FR 41940, 3 CFR, 
1987 Comp., p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 
332; E.O. 12959, 60 FR 24757, 3 CFR, 1995 Comp., p. 356; E.O. 13059, 
62 FR 44531, 3 CFR, 1997 Comp., p. 217; E.O. 13599, 77 FR 6659, 3 
CFR, 2012 Comp., p.

[[Page 11880]]

215; E.O. 13628, 77 FR 62139, 3 CFR, 2012 Comp., p. 314.

Subpart G--Penalties


Sec.  560.701  [Amended]

0
29. In the note to paragraph (a)(1) in Sec.  560.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 561--IRANIAN FINANCIAL SANCTIONS REGULATIONS

0
30. The authority citation for part 561 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 111-
195, 124 Stat. 1312 (22 U.S.C. 8501-8551); Pub. L. 112-81, 125 Stat. 
1298 (22 U.S.C. 8513a); Pub. L. 112-158, 126 Stat. 1214 (22 U.S.C. 
8701-8795); E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332; E.O. 
13553, 75 FR 60567, 3 CFR, 2010 Comp., p. 253; E.O. 13599, 77 FR 
6659, February 8, 2012; E.O. 13622, 77 FR 45897, August 2, 2012; 
E.O. 13628, 77 FR 62139, October 12, 2012.

Subpart G--Penalties


Sec.  561.701  [Amended]

0
31. In the note to paragraph (a) in Sec.  561.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 566--HIZBALLAH FINANCIAL SANCTIONS REGULATIONS

0
32. The authority citation for part 566 continues to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 114-
102.

Subpart G--Penalties


Sec.  566.701  [Amended]

0
33. In the note to paragraph (a) in Sec.  566.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 576--IRAQ STABILIZATION AND INSURGENCY SANCTIONS REGULATIONS

0
34. The authority citation for part 576 continues to read as follows:

    Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50 
U.S.C. 1601-1651, 1701-1706; Pub. L. 110-96, 121 Stat. 1011; E.O. 
13303, 68 FR 31931, 3 CFR, 2003 Comp., p. 227; E.O. 13315, 68 FR 
52315, 3 CFR, 2003 Comp., p. 252; E.O. 13350, 69 FR 46055, 3 CFR, 
2004 Comp., p. 196; E.O. 13364, 69 FR 70177, 3 CFR, 2004 Comp., p. 
236; E.O. 13438, 72 FR 39719, 3 CFR, 2007 Comp., p. 224; E.O. 13668, 
79 FR 31019, 3 CFR, 2014 Comp., p. 248.

Subpart G--Penalties

0
35. In the note to paragraph (a)(1) inSec.  576.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 584--MAGNITSKY ACT SANCTIONS REGULATIONS

0
36. The authority citation for part 584 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); Pub. L. 112-
208, 126 Stat. 1502, (22 U.S.C. 5811 note).


Sec.  584.701   [Amended]

0
37. In the note to paragraph (a)(1) in Sec.  584.701, remove ``As of 
December 21, 2017,''; and remove ``$239,238'' and add in its place 
``$295,141''.

PART 588--WESTERN BALKANS STABILIZATION REGULATIONS

0
38. The authority citation for part 588 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13219, 66 
FR 34777, 3 CFR, 2001 Comp., p. 778; E.O. 13304, 68 FR 32315, 3 CFR, 
2004 Comp. p. 229.

Subpart G--Penalties


Sec.  588.701   [Amended]

0
39. In the note to paragraph (a)(1) in Sec.  588.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 592--ROUGH DIAMONDS CONTROL REGULATIONS

0
40. The authority citation for part 592 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); Pub. L. 108-19, 117 
Stat. 631 (19 U.S.C. 3901-3913); E.O. 13312, 68 FR 45151 3 CFR, 2003 
Comp., p. 246.

Subpart F--Penalties


Sec.  592.601   [Amended]

0
41. In the note to paragraph (a)(1) in Sec.  592.601, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$13,066'' and add in its place ``$13,333''.

PART 594--GLOBAL TERRORISM SANCTIONS REGULATIONS

0
42. The authority citation for part 594 continues to read as follows:

    Authority:  3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50 
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 
U.S.C. 2461 note); Pub. L. 110-96, 121 Stat. 1011; Pub. L. 115-44, 
131 Stat. 886 (22 U.S.C. 9401 et seq.), E.O. 13224, 66 FR 49079, 3 
CFR, 2001 Comp., p. 786; E.O. 13268, 67 FR 44751, 3 CFR, 2002 Comp., 
p. 240; E.O. 13284, 68 FR 4075, 3 CFR, 2003 Comp., p. 161; E.O. 
13372, 70 FR 8499, 3 CFR, 2006 Comp., p. 159.

Subpart G--Penalties


Sec.  594.701   [Amended]

0
43. In the note to paragraph (a)(1) in Sec.  594.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 595--TERRORISM SANCTIONS REGULATIONS

0
44. The authority citation for part 595 continues to read as follows:

    Authority:  3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
Pub. L. 110-96, 121 Stat. 1011; E.O. 12947, 60 FR 5079, 3 CFR, 1995 
Comp., p. 319; E.O. 13099, 63 FR 45167, 3 CFR, 1998 Comp., p. 208; 
E.O. 13372, 70 FR 8499, 3 CFR, 2006 Comp., p. 159.

Subpart G--Penalties


Sec.  595.701   [Amended]

0
45. In the note to paragraph (a)(1) in Sec.  595.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$289,238'' and add in its place ``$295,141''.

PART 597--FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS

0
46. The authority citation for part 597 continues to read as follows:

    Authority:  31 U.S.C. 321(b); Pub. L. 101-410, 104 Stat. 890 (28 
U.S.C. 2461 note); Pub. L. 104-132, 110 Stat. 1214, 1248-53 (8 
U.S.C. 1189, 18 U.S.C. 2339B).

Subpart G--Penalties


Sec.  597.701   [Amended]

0
47. In the note to paragraph (b) in Sec.  597.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$76,351'' and add in its place ``$77,909''.

[[Page 11881]]

PART 598--FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS

0
48. The authority citation for part 598 continues to read as follows:

    Authority:  3 U.S.C. 301; 21 U.S.C. 1901-1908; 31 U.S.C. 321(b); 
Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note).

Subpart G--Penalties


Sec.  598.701   [Amended]

0
49. In the note to paragraph (a)(3) in Sec.  598.701, remove ``As of 
January 15, 2017, the'' and add in its place ``The'', and remove 
``$1,437,153'' and add in its place ``$1,466,485''.

PART 1010--GENERAL PROVISIONS

0
50. The authority citation for part 1010 continues to read as follows:

    Authority:  12 U.S.C. 1829b and 1951-1959; 31 U.S.C. 5311-5314 
and 5316-5332; title III, sec. 314, Pub. L. 107-56, 115 Stat. 307; 
sec. 701. Pub. L. 114-74, 129 Stat. 599.

0
51. Amend Sec.  1010.821 by revising Table 1 of Sec.  1010.821 to read 
as follows:


Sec.  1010.821   Penalty adjustment and table.

* * * * *
    (b) * * *

                                                  Table 1 of Sec.   1010.821--Penalty Adjustment Table
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                          New maximum  penalty
                                                                                                          amounts or  range of     New maximum  penalty
                                                                                                          minimum and  maximum     amounts or  range of
            U.S. Code  citation                   Civil monetary penalty          Penalties as  last      penalty  amounts for    minimum  and  maximum
                                                       description               amended  by statute      penalties  assessed      penalty  amounts for
                                                                                                          after  8/1/2016  but     penalties  assessed
                                                                                                           before  1/16/2017         after  1/15/2017
--------------------------------------------------------------------------------------------------------------------------------------------------------
12 U.S.C. 1829b(j)........................  Relating to Recordkeeping                          $10,000                  $20,111                  $20,521
                                             Violations For Funds Transfers.
12 U.S.C. 1955............................  Willful or Grossly Negligent                        10,000                   20,111                   20,521
                                             Recordkeeping Violations.
31 U.S.C. 5318(k)(3)(C)...................  Failure to Terminate                                10,000                   13,603                   13,881
                                             Correspondent Relationship with
                                             Foreign Bank.
31 U.S.C. 5321(a)(1)......................  General Civil Penalty Provision             25,000-100,000           54,789-219,156           55,907-223,629
                                             for Willful Violations of Bank
                                             Secrecy Act Requirements.
31 U.S.C. 5321(a)(5)(B)(i)................  Foreign Financial Agency                            10,000                   12,663                   12,921
                                             Transaction--Non-Willful
                                             Violation of Transaction.
31 U.S.C. 5321(a)(5)(C)...................  Foreign Financial Agency                           100,000                  126,626                  129,210
                                             Transaction--Willful Violation
                                             of Transaction.
31 U.S.C. 5321(a)(6)(A)...................  Negligent Violation by Financial                       500                    1,096                    1,118
                                             Institution or Non-Financial
                                             Trade or Business.
31 U.S.C. 5321(a)(6)(B)...................  Pattern of Negligent Activity by                    50,000                   85,236                   86,976
                                             Financial Institution or Non-
                                             Financial Trade or Business.
31 U.S.C. 5321(a)(7)......................  Violation of Certain Due                         1,000,000                1,360,317                1,388,081
                                             Diligence Requirements,
                                             Prohibition on Correspondent
                                             Accounts for Shell Banks, and
                                             Special Measures.
31 U.S.C. 5330(e).........................  Civil Penalty for Failure to                         5,000                    8,084                    8,249
                                             Register as Money Transmitting
                                             Business.
--------------------------------------------------------------------------------------------------------------------------------------------------------


Ryan Brady,
Executive Secretary.
[FR Doc. 2018-05550 Filed 3-16-18; 8:45 am]
 BILLING CODE 4810-35-P

11876 Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations Authority: Secs. 3.1, 3.4, 3.5(1), 15.1 and records, emergency procedures, or DEPARTMENT OF THE TREASURY 15.2, Pub. L. 91–575 (84 Stat. 1509 et seq.). facilities. ■ 2. Add § 801.14 to read as follows: (c) Procedures. The Access to Records Office of the Secretary of the Treasury Policy will detail the necessary § 801.14 Public access to records. 31 CFR Part 50 procedures for requesting records and (a) Purpose. The Commission, as an processing records requests: independent compact agency, is not Office of Foreign Assets Control (1) Requests shall be in writing and subject to any of its member shall be reasonably specific; jurisdictions’ laws regarding public 31 CFR Parts 501, 535, 536, 538, 539, access to records. Nevertheless, the (2) The Commission shall identify an 541, 542, 544, 546, 547, 548, 549, 560, Commission wishes to assure, to the Access to Records Officer to handle 561, 566, 576, 584, 588, 592, 594, 595, maximum extent practicable, the requests; 597, and 598 availability of Commission records (3) The Commission shall respond to consistent with the Susquehanna River a records request within a reasonable Financial Crimes Enforcement Network Basin Compact. The Commission shall time and in consideration of available maintain an ‘‘Access to Records Policy’’ resources and the nature of the request; 31 CFR Part 1010 that outlines the details and procedures (4) The Commission shall not be related to public access to the required to create a record that does not Inflation Adjustment of Civil Monetary Commission’s records. Any revisions to already exist, or to compile, maintain, Penalties this policy shall be consistent with this format or organize a public record in a AGENCY: Departmental Offices, Financial section and undertaken in accordance manner in which the Commission does Crimes Enforcement Network, and with appropriate public notice and not currently practice; Office of Foreign Assets Control, comment consistent with requirements (5) A procedure shall be identified for Treasury. of 18 CFR 808.1(b). electronic transfer, copying or otherwise ACTION: Final rule. (b) Scope. This section shall apply to providing records in a manner that all recorded information, regardless of maintains the integrity of the SUMMARY: The Department of the whether the information exists in Commission’s files; and Treasury (‘‘Department’’ or ‘‘Treasury’’) written or electronic format. There is a (6) A procedure shall be identified for publishes this final rule to adjust its strong presumption that records shall be handling review of requests that seek civil monetary penalties (‘‘CMPs’’) for public, except where considerations of access to information that has been inflation as mandated by the Federal privacy, confidentiality, and security identified as confidential and for Civil Penalties Inflation Adjustment Act must be considered and require notifying the person(s) who submitted of 1990, as amended by the Federal thoughtful balancing. The Commission the confidential information that it is Civil Penalties Inflation Adjustment Act shall identify types of records that are subject to a records request. Improvements Act of 2015 (collectively not subject to public access: (d) Fees. The Commission shall adopt referred to herein as ‘‘the Act’’). This (1) Personnel or employment records, rule adjusts CMPs within the and maintain a ‘‘Records Processing Fee excluding salary information; jurisdiction of certain components of (2) Trade secrets, copyrighted Schedule.’’ The fees shall be calculated to reflect the actual costs to the the Department to the maximum material, or any other confidential amount required by the Act. business information; Commission for processing records (3) Records exempted from disclosure requests and may include the costs of DATES: Effective March 19, 2018. by statute, regulation, court order, or reproducing records and the cost to FOR FURTHER INFORMATION CONTACT: For recognized privilege; search, prepare and/or redact records for information regarding the Terrorism (4) Records reflecting internal pre- extraordinary requests. Risk Insurance Program’s CMPs, contact decisional deliberations, including (e) Appeals. Any person aggrieved by Richard Ifft, Senior Insurance deliberations between the commission a Commission action on a records Regulatory Policy Analyst, Federal and representatives of member request shall have 30 days to appeal a Insurance Office, Room 1410 MT, jurisdictions; decision in accordance with 18 CFR Department of the Treasury, 1500 (5) Records reflecting employee 808.2. Pennsylvania Avenue NW, Washington, medical information, evaluations, tests (f) Disclosure to consultants, advisory DC 20220, at (202) 622–2922 (not a toll- or other identifiable health information; committees, and State and local free number), Kevin Meehan, Senior (6) Records reflecting employee government officials and employees. Insurance Regulatory Policy Analyst, personal information, such as social Data and information otherwise exempt Federal Insurance Office, at (202) 622– security number, driver’s license from public disclosure may be disclosed 7009 (not a toll-free number), or Lindsey number, personal financial information, to Commission consultants, advisory Baldwin, Senior Policy Analyst, Federal home addresses, home or personal committees, and state and local Insurance Office, at (202) 622–3220 (not cellular numbers, confidential personal government officials and employees for a toll free number). Persons who have information, spouse names, marital use only in their work in cooperation difficulty hearing or speaking may status or dependent information; with the Commission. Such persons are access these numbers via TTY by calling (7) Investigatory or enforcement thereafter subject to the same the toll-free Federal Relay Service at records that would interfere with active restrictions with respect to the (800) 877–8339. enforcement proceedings or individual disclosure of such data and information For information regarding Financial nshattuck on DSK9F9SC42PROD with RULES due process rights, disclose the identity as any other Commission employee. Crimes Enforcement Network’s CMPs, of public complainants or confidential contact the FinCEN Resource Center at Dated: March 13, 2018. sources or investigative techniques or (800) 767–2825 or email frc@fincen.gov. endanger the life or safety of Stephanie L. Richardson, For information regarding the Office Commission personnel; or Secretary to the Commission. of Foreign Assets Control’s CMPs, (8) Records related to critical [FR Doc. 2018–05425 Filed 3–16–18; 8:45 am] contact the Assistant Director for infrastructure, excluding financial BILLING CODE 7040–01–P Enforcement, tel.: 202–622–2430; VerDate Sep<11>2014 14:37 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00032 Fmt 4700 Sfmt 4700 E:\FR\FM\19MRR1.SGM 19MRR1

Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations 11877 Assistant Director for Licensing, tel.: 2018 is 1.02041. In order to complete Investigations, Law enforcement, 202–622–2480; Assistant Director for the 2018 annual adjustment, each Reporting and recordkeeping Regulatory Affairs, tel.: 202–622–4855; current CMP is multiplied by the 2018 requirements. Assistant Director for Sanctions adjustment multiplier. Under the 2015 Authority and Issuance Compliance & Evaluation, tel.: 202–622– Act, any increase in CMP must be 2490; or the Department of the rounded to the nearest multiple of $1. For the reasons set forth in the Treasury’s Office of the Chief Counsel preamble, part 50, chapter V, and part Procedural Matters 1010 of title 31 of the Code of Federal (Foreign Assets Control), Office of the General Counsel, tel.: 202–622–2410. 1. Administrative Procedure Act Regulations are amended as follows: SUPPLEMENTARY INFORMATION: The Federal Civil Penalties Inflation PART 50—TERRORISM RISK I. Background Adjustment Act Improvements Act of INSURANCE PROGRAM 2015 (Section 701(b)) requires agencies, In order to improve the effectiveness beginning in 2017, to make annual ■ 1. The authority citation for part 50 of CMPs and to maintain their deterrent adjustments for inflation to CMPs, continues to read as follows: effect, the Federal Civil Penalties without needing to provide notice and Authority: 5 U.S.C. 301; 31 U.S.C. 321; Inflation Adjustment Act of 1990, 28 the opportunity for public comment Title I, Pub. L. 107–297, 116 Stat. 2322, as U.S.C. 2461 note (‘‘the Inflation required by 5 U.S.C. 553. Additionally, amended by Pub. L. 109–144, 119 Stat. 2660, Adjustment Act’’), as amended by the the methodology used, effective 2017, Pub. L. 110–160, 121 Stat. 1839 and Pub. L. Federal Civil Penalties Inflation for adjusting CMPs for inflation is 114–1, 129 Stat. 3 (15 U.S.C. 6701 note); Pub. Adjustment Act Improvements Act of L. 114–74, 129 Stat. 601, Title VII (28 U.S.C. provided by statute, with no discretion 2461 note). 2015 (Pub. L. 114–74) (‘‘the 2015 Act’’), provided to agencies regarding the requires Federal agencies to adjust each ■ 2. Amend § 50.83 by revising substance of the adjustments for CMP provided by law within the paragraph (a) to read as follows: inflation to CMPs. The Department is jurisdiction of the agency. The 2015 Act charged only with performing § 50.83 Adjustment of civil monetary requires agencies to adjust the level of ministerial computations to determine penalty amount. CMPs with an initial ‘‘catch-up’’ the dollar amount of adjustments for (a) Inflation adjustment. Any penalty adjustment through an interim final inflation to CMPs. Accordingly, prior under the Act and these regulations may rulemaking and to make subsequent public notice and an opportunity for not exceed the greater of $1,360,525 annual adjustments for inflation, public comment and a delayed effective and, in the case of any failure to pay, without needing to provide notice and date are not required for this rule. charge, collect or remit amounts in the opportunity for public comment accordance with the Act or these required by 5 U.S.C. 553. The 2. Regulatory Flexibility Act regulations such amount in dispute. Department’s initial catch-up Because no notice of proposed adjustment interim final rules were * * * * * rulemaking is required, the provisions published on June 30, 2016 (FinCEN) of the Regulatory Flexibility Act (5 PART 501—REPORTING, (81 FR 42503), July 1, 2016 (OFAC) (81 U.S.C. 601 et seq.) do not apply. PROCEDURES AND PENALTIES FR 43070), and December 7, 2016 REGULATIONS (Departmental Offices) (81 FR 88600). 3. Executive Order 12866 The Department’s 2017 annual This rule is not a significant ■ 3. The authority citation for part 501 adjustment was published on February regulatory action as defined in section continues to read as follows: 10, 2017 (82 FR 10434). The 2015 Act 3.f of Executive Order 12866. Authority: 8 U.S.C. 1189; 18 U.S.C. 2332d, provides that any increase in a CMP 2339B; 19 U.S.C. 3901–3913; 21 U.S.C. 1901– shall apply to CMPs that are assessed 4. Paperwork Reduction Act 1908; 22 U.S.C. 287c; 22 U.S.C. 2370(a), after the date the increase takes effect, The provisions of the Paperwork 6009, 6032, 7205; 28 U.S.C. 2461 note; 31 regardless of whether the underlying Reduction Act of 1995, Public Law 104– U.S.C. 321(b); 50 U.S.C. 1701–1706; 50 U.S.C. violation predated such increase.1 13, 44 U.S.C. Chapter 35, and its App. 1–44. implementing regulations, 5 CFR part II. Method of Calculation Subpart D—Trading With the Enemy 1320, do not apply to this rule because The method of calculating CMP Act (TWEA) Penalties there are no new or revised adjustments applied in this final rule is recordkeeping or reporting § 501.701 [Amended] required by the 2015 Act. Under the requirements. 2015 Act and the Office of Management ■ 4. Amend § 501.701 as follows: List of Subjects ■ a. In the note to paragraph (a)(1), and Budget guidance required by the remove ‘‘As of January 15, 2017,’’ ; and 2015 Act, annual inflation adjustments 31 CFR Part 50 remove ‘‘$85,236’’ and add in its place subsequent to the initial catch-up Insurance, Terrorism. ‘‘$86,976’’. adjustment are to be based on the ■ b. In paragraph (a)(3), remove percent change between the Consumer 31 CFR Parts 501, 535, 536, 538, 539, ‘‘$85,236’’ and add in its place Price Index for all Urban Consumers 541, 542, 544, 546, 547, 548, 549, 560, ‘‘$86,976’’. (‘‘CPI–U’’) for the October preceding the 561, 566, 576, 584, 588, 592, 594, 595, ■ 5. Amend appendix A to part 501 as date of the adjustment and the prior 597, and 598 follows: year’s October CPI–U. As set forth in ■ a. In section V.B.2.a.i., remove Administrative practice and Office of Management and Budget nshattuck on DSK9F9SC42PROD with RULES procedure, Banks, Banking, Blocking of ‘‘$144,619’’ and add in its place Memorandum M–18–03 of December ‘‘$147,571’’, and remove ‘‘$289,238’’ assets, Exports, Foreign trade, Licensing, 15, 2017, the adjustment multiplier for and add in its place ‘‘$295,141’’. Penalties, Sanctions. ■ b. In section V.B.2.a.ii., remove 1 However, the increased CMPs apply only with 31 CFR Part 1010 ‘‘$289,238’’ in all three locations where respect to underlying violations occurring after the date of enactment of the 2015 Act, i.e., after Authority delegations (Government it appears, and add in its place in all November 2, 2015. agencies), Banks and banking, Currency, three locations ‘‘$295,141’’. VerDate Sep<11>2014 14:37 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00033 Fmt 4700 Sfmt 4700 E:\FR\FM\19MRR1.SGM 19MRR1

11878 Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations ■ c. Revise the note to paragraph (a) of violation for each statute enforced by OFAC required to retain possession or control; and section V.B.2.a. to read as follows: is as follows: International Emergency Clean Diamond Trade Act (CDTA)—$13,333. Economic Powers Act (IEEPA)—greater of The civil penalty amounts authorized under Appendix A to Part 501—Economic $295,141 or twice the amount of the these statutes are subject to adjustment Sanctions Enforcement Guidelines underlying transaction; Trading with the pursuant to the Federal Civil Penalties * * * * * Enemy Act (TWEA)—$86,976; Foreign Inflation Adjustment Act of 1990 (Pub. L. B. * * * Narcotics Kingpin Designation Act 101–410, as amended, 28 U.S.C. 2461 note). 2. * * * (FNKDA)—$1,466,485; Antiterrorism and The following matrix represents the base a. * * * Effective Death Penalty Act of 1996 amount of the proposed civil penalty for each Note to paragraph (a): The applicable (AEDPA)—greater of $77,909 or twice the category of violation: statutory maximum civil penalty per amount of which a financial institution was PART 535—IRANIAN ASSETS Subpart G—Penalties Subpart G—Penalties CONTROL REGULATIONS § 535.701 [Amended] § 536.701 [Amended] ■ 6. The authority citation for part 535 ■ 7. In the note to paragraph (a)(1) in ■ 9. In the note to paragraph (a)(1) in continues to read as follows: § 535.701, remove ‘‘As of January 15, § 536.701, remove ‘‘As of January 15, Authority: 3 U.S.C. 301; 18 U.S.C. 2332d; 2017, the’’ and add in its place ‘‘The’’, 2017, the’’ and add in its place ‘‘The’’, 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701– and remove ‘‘$289,238’’ and add in its and remove ‘‘$289,238’’ and add in its 1706; Pub. L. 101–410, 104 Stat. 890 (28 place ‘‘$295,141’’. place ‘‘$295,141’’. U.S.C. 2461 note); Pub. L. 110–96, 121 Stat. 1011; E.O. 12170, 44 FR 65729, 3 CFR, 1979 PART 536—NARCOTICS TRAFFICKING PART 538—SUDANESE SANCTIONS Comp., p. 457; E.O. 12205, 45 FR 24099, 3 SANCTIONS REGULATIONS REGULATIONS CFR, 1980 Comp., p. 248; E.O. 12211, 45 FR 26685, 3 CFR, 1980 Comp., p. 253; E.O. ■ 8. The authority citation for part 536 ■ 10. The authority citation for part 538 12276, 46 FR 7913, 3 CFR, 1981 Comp., p. continues to read as follows: continues to read as follows: 104; E.O. 12279, 46 FR 7919, 3 CFR, 1981 Comp., p. 109; E.O. 12280, 46 FR 7921, 3 Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, CFR, 1981 Comp., p. 110; E.O. 12281, 46 FR 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 2332d; 31 U.S.C. 321(b); 50 U.S.C. 1601– 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); 1651, 1701–1706; Pub. L. 101–410, 104 Stat. nshattuck on DSK9F9SC42PROD with RULES 7923, 3 CFR, 1981 Comp., p. 112; E.O. 12282, 46 FR 7925, 3 CFR, 1981 Comp., p. 113; E.O. Pub. L. 110–96, 121 Stat. 1011; E.O. 12978, 890 (28 U.S.C. 2461 note); 22 U.S.C. 7201– 12283, 46 FR 7927, 3 CFR, 1981 Comp., p. 60 FR 54579, 3 CFR, 1995 Comp., p. 415; E.O. 7211; Pub. L. 109–344, 120 Stat. 1869; Pub. 114; and E.O. 12294, 46 FR 14111, 3 CFR, 13286, 68 FR 10619, 3 CFR, 2003 Comp., p. L. 110–96, 121 Stat. 1011 (50 U.S.C. 1705 1981 Comp., p. 139. 166. note); E.O. 13067, 62 FR 59989, 3 CFR, 1997 Comp., p. 230; E.O. 13412, 71 FR 61369, 3 CFR, 2006 Comp., p. 244. ER19MR18.001</GPH> VerDate Sep<11>2014 14:37 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00034 Fmt 4700 Sfmt 4700 E:\FR\FM\19MRR1.SGM 19MRR1

Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations 11879 Subpart G—Penalties 264; E.O. 13606, 77 FR 24571, 3 CFR 2012 Subpart G—Penalties Comp., p. 243. § 538.701 [Amended] § 547.701 [Amended] ■ 11. In the note to paragraph (a)(1) in Subpart G—Penalties ■ 23. In the note to paragraph (a)(1) in § 538.701 , remove ‘‘As of January 15, § 542.701 [Amended] § 547.701, remove ‘‘As of January 15, 2017’’ and add in its place ‘‘The’’, and 2017, the’’ and add in its place ‘‘The’’, remove ‘‘$289,238’’ and add in its place ■ 17. In the note to paragraph (a)(1) in and remove ‘‘$289,238’’ and add in its ‘‘$295,141’’. § 542.701, remove ‘‘As of January 15, place ‘‘$295,141’’. 2017, the’’ and add in its place ‘‘The’’, PART 539—WEAPONS OF MASS and remove ‘‘$289,238’’ and add in its PART 548—BELARUS SANCTIONS DESTRUCTION TRADE CONTROL place ‘‘$295,141’’. REGULATIONS REGULATIONS PART 544—WEAPONS OF MASS ■ 24. The authority citation for part 548 ■ 12. The authority citation for part 539 DESTRUCTION PROLIFERATORS continues to read as follows: continues to read as follows: SANCTIONS REGULATIONS Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); Authority: 3 U.S.C. 301; 22 U.S.C. 2751– 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 2799aa-2; 31 U.S.C. 321(b); 50 U.S.C. 1601– ■ 18. The authority citation for part 544 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); 1651, 1701–1706; Pub. L. 101–410, 104 Stat. continues to read as follows: Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. 890 (28 U.S.C. 2461 note); Pub. L. 110–96, Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 1705 note); E.O. 13405, 71 FR 35485; 3 CFR, 121 Stat. 1011; E.O. 12938, 59 FR 59099, 3 50 U.S.C. 1601–1651, 1701–1706; Public Law 2007 Comp., p. 231. CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); 40803, 3 CFR, 1998 Comp., p. 200. Public Law 110–96, 121 Stat. 1011; E.O. Subpart G—Penalties 12938, 59 FR 59099, 3 CFR, 1994 Comp., p. Subpart G—Penalties § 548.701 [Amended] 950; E.O. 13094, 63 FR 40803, 3 CFR, 1998 Comp., p. 200; E.O. 13382, 70 FR 38567, 3 ■ 25. In the note to paragraph (a)(1) in § 539.701 [Amended] CFR, 2005 Comp., p. 170. § 548.701, remove ‘‘As of January 15, ■ 13. In the note to paragraph (a)(1) in 2017, the’’ and add in its place ‘‘The’’, § 539.701, remove ‘‘As of January 15, Subpart G—Penalties and remove ‘‘$289,238’’ and add in its 2017, the’’ and add in its place ‘‘The’’, § 544.701 [Amended] place ‘‘$295,141’’. and remove ‘‘$289,238’’ and add in its place ‘‘$295,141’’. ■ 19. In the note to paragraph (a)(1) in PART 549—LEBANON SANCTIONS § 544.701, remove ‘‘As of January 15, REGULATIONS PART 541—ZIMBABWE SANCTIONS 2017, the’’ and add in its place ‘‘The’’, REGULATIONS and remove ‘‘$289,238’’ and add in its ■ 26. The authority citation for part 549 place ‘‘$295,141’’. continues to read as follows: ■ 14. The authority citation for part 541 Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); continues to read as follows: PART 546—DARFUR SANCTIONS 50 U.S.C. 1601–1651, 1701–1706; Pub. L. Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); REGULATIONS 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); 50 U.S.C. 1601–1651, 1701–1706; Pub. L. Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); ■ 20. The authority citation for part 546 1705 note); E.O. 13441, 72 FR 43499, 3 CFR, Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. continues to read as follows: 2008 Comp., p. 232. 1705 note); E.O. 13288, 68 FR 11457, 3 CFR, Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); Subpart G—Penalties 2003 Comp., p. 186; E.O. 13391, 70 FR 71201, 50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C. 3 CFR, 2005 Comp., p. 206; E.O. 13469, 73 287c; Pub. L. 101–410, 104 Stat. 890 (28 § 549.701 [Amended] FR 43841, 3 CFR, 2008 Comp., p. 1025. U.S.C. 2461 note); Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13067, 62 FR ■ 27. In the note to paragraph (a)(1) in Subpart G—Penalties § 549.701, remove ‘‘As of January 15, 59989, 3 CFR, 1997 Comp., p. 230; E.O. § 541.701 [Amended] 13400, 71 FR 25483, 3 CFR, 2006 Comp., p. 2017, the’’ and add in its place ‘‘The’’, 220. and remove ‘‘$289,238’’ and add in its ■ 15. In the note to paragraph (a)(1) in place ‘‘$295,141’’. § 541.701, remove ‘‘As of January 15, Subpart G—Penalties 2017, the’’ and add in its place ‘‘The’’, PART 560—IRANIAN TRANSACTIONS and remove ‘‘$289,238’’ and add in its § 546.701 [Amended] AND SANCTIONS REGULATIONS place ‘‘$295,141’’. ■ 21. In the note to paragraph (a)(1) in § 546.701, remove ‘‘As of January 15, ■ 28. The authority citation for part 560 PART 542—SYRIAN SANCTIONS 2017, the’’ and add in its place ‘‘The’’, continues to read as follows: REGULATIONS and remove ‘‘$289,238’’ and add in its Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, place ‘‘$295,141’’. 2332d; 22 U.S.C. 2349aa–9; 22 U.S.C. 7201– ■ 16. The authority citation for part 542 7211; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, continues to read as follows: 1701–1706; Public Law 101–410, 104 Stat. PART 547—DEMOCRATIC REPUBLIC Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); OF THE CONGO SANCTIONS 890 (28 U.S.C. 2461 note); Public Law 110– 18 U.S.C. 2332d; 22 U.S.C. 287c; 50 U.S.C. REGULATIONS 96, 121 Stat. 1011 (50 U.S.C. 1705 note); 1601–1651, 1701–1706; Pub. L. 101–410, 104 Public Law 111–195, 124 Stat. 1312 (22 Stat. 890 (28 U.S.C. 2461 note); Pub. L. 110– U.S.C. 8501–8551); Public Law 112–81, 125 ■ 22. The authority citation for part 547 Stat. 1298 (22 U.S.C. 8513a); Public Law 112– nshattuck on DSK9F9SC42PROD with RULES 96, 121 Stat. 1011 (50 U.S.C. 1701 note); E.O. 13338, 69 FR 26751, 3 CFR, 2004 Comp., p. continues to read as follows: 158, 126 Stat. 1214 (22 U.S.C. 8701–8795); 168; E.O. 13399, 71 FR 25059, 3 CFR, 2006 Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); E.O. 12613, 52 FR 41940, 3 CFR, 1987 Comp., Comp., p. 218; E.O. 13460, 73 FR 8991, 3 CFR 50 U.S.C. 1601–1651, 1701–1706; 22 U.S.C. p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 2008 Comp., p. 181; E.O. 13572, 76 FR 24787, 287c; Pub. L. 101–410, 104 Stat. 890 (28 Comp., p. 332; E.O. 12959, 60 FR 24757, 3 3 CFR 2011 Comp., p. 236; E.O. 13573, 76 FR U.S.C. 2461 note); Pub. L. 110–96, 121 Stat. CFR, 1995 Comp., p. 356; E.O. 13059, 62 FR 29143, 3 CFR 2011 Comp., p. 241; E.O. 1011 (50 U.S.C. 1705 note); E.O. 13413, 71 FR 44531, 3 CFR, 1997 Comp., p. 217; E.O. 13582, 76 FR 52209, 3 CFR 2011 Comp., p. 64105, 3 CFR, 2006 Comp., p. 247. 13599, 77 FR 6659, 3 CFR, 2012 Comp., p. VerDate Sep<11>2014 14:37 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00035 Fmt 4700 Sfmt 4700 E:\FR\FM\19MRR1.SGM 19MRR1

11880 Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations 215; E.O. 13628, 77 FR 62139, 3 CFR, 2012 Comp., p. 252; E.O. 13350, 69 FR 46055, 3 and remove ‘‘$13,066’’ and add in its Comp., p. 314. CFR, 2004 Comp., p. 196; E.O. 13364, 69 FR place ‘‘$13,333’’. 70177, 3 CFR, 2004 Comp., p. 236; E.O. Subpart G—Penalties 13438, 72 FR 39719, 3 CFR, 2007 Comp., p. PART 594—GLOBAL TERRORISM 224; E.O. 13668, 79 FR 31019, 3 CFR, 2014 SANCTIONS REGULATIONS § 560.701 [Amended] Comp., p. 248. ■ 29. In the note to paragraph (a)(1) in ■ 42. The authority citation for part 594 § 560.701, remove ‘‘As of January 15, Subpart G—Penalties continues to read as follows: 2017, the’’ and add in its place ‘‘The’’, Authority: 3 U.S.C. 301; 22 U.S.C. 287c; and remove ‘‘$289,238’’ and add in its ■ 35. In the note to paragraph (a)(1) in§ 576.701, remove ‘‘As of January 15, 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701– place ‘‘$295,141’’. 1706; Pub. L. 101–410, 104 Stat. 890 (28 2017, the’’ and add in its place ‘‘The’’, U.S.C. 2461 note); Pub. L. 110–96, 121 Stat. PART 561—IRANIAN FINANCIAL and remove ‘‘$289,238’’ and add in its 1011; Pub. L. 115–44, 131 Stat. 886 (22 U.S.C. SANCTIONS REGULATIONS place ‘‘$295,141’’. 9401 et seq.), E.O. 13224, 66 FR 49079, 3 CFR, 2001 Comp., p. 786; E.O. 13268, 67 FR ■ 30. The authority citation for part 561 PART 584—MAGNITSKY ACT 44751, 3 CFR, 2002 Comp., p. 240; E.O. continues to read as follows: SANCTIONS REGULATIONS 13284, 68 FR 4075, 3 CFR, 2003 Comp., p. Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 161; E.O. 13372, 70 FR 8499, 3 CFR, 2006 ■ 36. The authority citation for part 584 Comp., p. 159. 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); continues to read as follows: Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); Subpart G—Penalties 1705 note); Pub. L. 111–195, 124 Stat. 1312 50 U.S.C. 1601–1651, 1701–1706; Pub. L. § 594.701 [Amended] (22 U.S.C. 8501–8551); Pub. L. 112–81, 125 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); Stat. 1298 (22 U.S.C. 8513a); Pub. L. 112–158, Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. ■ 43. In the note to paragraph (a)(1) in 126 Stat. 1214 (22 U.S.C. 8701–8795); E.O. 1705 note); Pub. L. 112–208, 126 Stat. 1502, § 594.701, remove ‘‘As of January 15, 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. (22 U.S.C. 5811 note). 2017, the’’ and add in its place ‘‘The’’, 332; E.O. 13553, 75 FR 60567, 3 CFR, 2010 § 584.701 [Amended] and remove ‘‘$289,238’’ and add in its Comp., p. 253; E.O. 13599, 77 FR 6659, February 8, 2012; E.O. 13622, 77 FR 45897, place ‘‘$295,141’’. ■ 37. In the note to paragraph (a)(1) in August 2, 2012; E.O. 13628, 77 FR 62139, October 12, 2012. § 584.701, remove ‘‘As of December 21, PART 595—TERRORISM SANCTIONS 2017,’’; and remove ‘‘$239,238’’ and add REGULATIONS Subpart G—Penalties in its place ‘‘$295,141’’. ■ 44. The authority citation for part 595 § 561.701 [Amended] PART 588—WESTERN BALKANS continues to read as follows: ■ 31. In the note to paragraph (a) in STABILIZATION REGULATIONS Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); § 561.701, remove ‘‘As of January 15, 50 U.S.C. 1601–1651, 1701–1706; Pub. L. ■ 38. The authority citation for part 588 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); 2017, the’’ and add in its place ‘‘The’’, continues to read as follows: Pub. L. 110–96, 121 Stat. 1011; E.O. 12947, and remove ‘‘$289,238’’ and add in its place ‘‘$295,141’’. Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 60 FR 5079, 3 CFR, 1995 Comp., p. 319; E.O. 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 13099, 63 FR 45167, 3 CFR, 1998 Comp., p. PART 566—HIZBALLAH FINANCIAL 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); 208; E.O. 13372, 70 FR 8499, 3 CFR, 2006 Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. Comp., p. 159. SANCTIONS REGULATIONS 1705 note); E.O. 13219, 66 FR 34777, 3 CFR, ■ 32. The authority citation for part 566 2001 Comp., p. 778; E.O. 13304, 68 FR 32315, Subpart G—Penalties continues to read as follows: 3 CFR, 2004 Comp. p. 229. § 595.701 [Amended] Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); Subpart G—Penalties ■ 45. In the note to paragraph (a)(1) in 50 U.S.C. 1601–1651, 1701–1706; Pub. L. § 595.701, remove ‘‘As of January 15, 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); § 588.701 [Amended] Pub. L. 110–96, 121 Stat. 1011 (50 U.S.C. 2017, the’’ and add in its place ‘‘The’’, 1705 note); Pub. L. 114–102. ■ 39. In the note to paragraph (a)(1) in and remove ‘‘$289,238’’ and add in its § 588.701, remove ‘‘As of January 15, place ‘‘$295,141’’. Subpart G—Penalties 2017, the’’ and add in its place ‘‘The’’, and remove ‘‘$289,238’’ and add in its PART 597—FOREIGN TERRORIST § 566.701 [Amended] place ‘‘$295,141’’. ORGANIZATIONS SANCTIONS ■ 33. In the note to paragraph (a) in REGULATIONS § 566.701, remove ‘‘As of January 15, PART 592—ROUGH DIAMONDS 2017, the’’ and add in its place ‘‘The’’, CONTROL REGULATIONS ■ 46. The authority citation for part 597 and remove ‘‘$289,238’’ and add in its continues to read as follows: place ‘‘$295,141’’. ■ 40. The authority citation for part 592 Authority: 31 U.S.C. 321(b); Pub. L. 101– continues to read as follows: 410, 104 Stat. 890 (28 U.S.C. 2461 note); Pub. PART 576—IRAQ STABILIZATION AND Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); L. 104–132, 110 Stat. 1214, 1248–53 (8 U.S.C. INSURGENCY SANCTIONS Pub. L. 108–19, 117 Stat. 631 (19 U.S.C. 1189, 18 U.S.C. 2339B). REGULATIONS 3901–3913); E.O. 13312, 68 FR 45151 3 CFR, 2003 Comp., p. 246. Subpart G—Penalties nshattuck on DSK9F9SC42PROD with RULES ■ 34. The authority citation for part 576 Subpart F—Penalties § 597.701 [Amended] continues to read as follows: Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 ■ 47. In the note to paragraph (b) in § 592.601 [Amended] U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701– § 597.701, remove ‘‘As of January 15, 1706; Pub. L. 110–96, 121 Stat. 1011; E.O. ■ 41. In the note to paragraph (a)(1) in 2017, the’’ and add in its place ‘‘The’’, 13303, 68 FR 31931, 3 CFR, 2003 Comp., p. § 592.601, remove ‘‘As of January 15, and remove ‘‘$76,351’’ and add in its 227; E.O. 13315, 68 FR 52315, 3 CFR, 2003 2017, the’’ and add in its place ‘‘The’’, place ‘‘$77,909’’. VerDate Sep<11>2014 14:37 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00036 Fmt 4700 Sfmt 4700 E:\FR\FM\19MRR1.SGM 19MRR1

Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Rules and Regulations 11881 PART 598—FOREIGN NARCOTICS Subpart G—Penalties Authority: 12 U.S.C. 1829b and 1951– KINGPIN SANCTIONS REGULATIONS 1959; 31 U.S.C. 5311–5314 and 5316–5332; § 598.701 [Amended] title III, sec. 314, Pub. L. 107–56, 115 Stat. ■ 49. In the note to paragraph (a)(3) in 307; sec. 701. Pub. L. 114–74, 129 Stat. 599. ■ 48. The authority citation for part 598 continues to read as follows: § 598.701, remove ‘‘As of January 15, ■ 51. Amend § 1010.821 by revising 2017, the’’ and add in its place ‘‘The’’, Table 1 of § 1010.821 to read as follows: Authority: 3 U.S.C. 301; 21 U.S.C. 1901– and remove ‘‘$1,437,153’’ and add in its 1908; 31 U.S.C. 321(b); Pub. L. 101–410, 104 place ‘‘$1,466,485’’. § 1010.821 Penalty adjustment and table. Stat. 890 (28 U.S.C. 2461 note). PART 1010—GENERAL PROVISIONS * * * * * (b) * * * ■ 50. The authority citation for part 1010 continues to read as follows: TABLE 1 OF § 1010.821—PENALTY ADJUSTMENT TABLE New maximum New maximum penalty penalty amounts or amounts or range of range of minimum and minimum maximum Penalties as and U.S. Code Civil monetary penalty penalty last amended maximum citation description amounts for by statute penalty penalties amounts for assessed penalties after assessed 8/1/2016 after but before 1/15/2017 1/16/2017 12 U.S.C. 1829b(j) Relating to Recordkeeping Violations $10,000 $20,111 $20,521 For Funds Transfers. 12 U.S.C. 1955 ...... Willful or Grossly Negligent Record- 10,000 20,111 20,521 keeping Violations. 31 U.S.C. Failure to Terminate Correspondent Re- 10,000 13,603 13,881 5318(k)(3)(C). lationship with Foreign Bank. 31 U.S.C. General Civil Penalty Provision for Will- 25,000–100,000 54,789–219,156 55,907–223,629 5321(a)(1). ful Violations of Bank Secrecy Act Re- quirements. 31 U.S.C. Foreign Financial Agency Transaction— 10,000 12,663 12,921 5321(a)(5)(B)(i).. Non-Willful Violation of Transaction. 31 U.S.C. Foreign Financial Agency Transaction— 100,000 126,626 129,210 5321(a)(5)(C). Willful Violation of Transaction. 31 U.S.C. Negligent Violation by Financial Institu- 500 1,096 1,118 5321(a)(6)(A). tion or Non-Financial Trade or Busi- ness. 31 U.S.C. Pattern of Negligent Activity by Financial 50,000 85,236 86,976 5321(a)(6)(B). Institution or Non-Financial Trade or Business. 31 U.S.C. Violation of Certain Due Diligence Re- 1,000,000 1,360,317 1,388,081 5321(a)(7). quirements, Prohibition on Cor- respondent Accounts for Shell Banks, and Special Measures. 31 U.S.C. 5330(e) .. Civil Penalty for Failure to Register as 5,000 8,084 8,249 Money Transmitting Business. Ryan Brady, DEPARTMENT OF HOMELAND SUMMARY: The Coast Guard is Executive Secretary. SECURITY establishing a temporary special local [FR Doc. 2018–05550 Filed 3–16–18; 8:45 am] regulation for all navigable waters of the Coast Guard Clinch River, extending the entire width BILLING CODE 4810–35–P of the river, from mile marker (MM) 49.5 33 CFR Part 100 to MM 52.0. This special local regulation is necessary to provide for [Docket Number USCG–2018–0096] the safety of life on these navigable waters near Oak Ridge, TN during the nshattuck on DSK9F9SC42PROD with RULES RIN 1625–AA08 Cardinal Invitational Regatta marine Special Local Regulation; Clinch River, event. Entry into, transiting through, or Oak Ridge, TN anchoring within this regulated area is prohibited unless authorized by the AGENCY: Coast Guard, DHS. Captain of the Port Sector Ohio Valley ACTION: Temporary final rule. (COTP) or a designated representative. VerDate Sep<11>2014 14:37 Mar 16, 2018 Jkt 244001 PO 00000 Frm 00037 Fmt 4700 Sfmt 4700 E:\FR\FM\19MRR1.SGM 19MRR1


Document Created: 2018-03-17 04:24:51
Document Modified: 2018-03-17 04:24:51
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionFinal rule.
DatesEffective March 19, 2018.
ContactFor information regarding the Terrorism Risk Insurance Program's CMPs, contact Richard Ifft, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, Room 1410 MT, Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220, at (202) 622-2922 (not a toll-free number), Kevin Meehan, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, at (202) 622-7009 (not a toll-free number), or Lindsey Baldwin, Senior Policy Analyst, Federal Insurance Office, at (202) 622-3220 (not a toll free number). Persons who have difficulty hearing or speaking may access these numbers via TTY by calling the toll-free Federal Relay Service at (800) 877-8339.
FR Citation83 FR 11876 
CFR Citation31 CFR 1010
31 CFR 501
31 CFR 50
31 CFR 535
31 CFR 536
31 CFR 538
31 CFR 539
31 CFR 541
31 CFR 542
31 CFR 544
31 CFR 546
31 CFR 547
31 CFR 548
31 CFR 549
31 CFR 560
31 CFR 561
31 CFR 566
31 CFR 576
31 CFR 584
31 CFR 588
31 CFR 592
31 CFR 594
31 CFR 595
31 CFR 597
31 CFR 598
CFR AssociatedAuthority Delegations (government Agencies); Banks and Banking; Currency; Investigations; Law Enforcement; Reporting and Recordkeeping Requirements; Insurance; Terrorism; Administrative Practice and Procedure; Banks; Banking; Blocking of Assets; Exports; Foreign Trade; Licensing; Penalties and Sanctions
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