On June 14, 2019 the Office of Foreign Assets Control (OFAC) released a final rule increasing certain civil monetary penalties (CMPs).
The table below summarizes the existing and new maximum CMP amounts.
|Statute||Existing maximum CMP amount||Maximum CMP amount effective June 14, 2019|
In addition to updating these maximum CMP amounts, OFAC is also updating a reference to one-half the IEEPA maximum CMP from $147,571 to $151,292.
Federal Register: https://www.govinfo.gov/content/pkg/FR-2019-06-14/pdf/2019-12475.pdf