Regulatory Compliance, Financial Implications
15 Jan 2025
compliance, regulation, banking, administrative practice and procedure, penalties, treasury department, exports, civil penalties, ofac, banks, inflation, foreign trade, blocking of assets
📈OFAC Adjusts Civil Monetary Penalties for Inflation, Effective 2025
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this final rule to adjust certain civil monetary penalties for inflation pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
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