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TREAS/DO

RIN: 1505-AC03

Publication ID: Spring 2009

Title: Economic Sanctions Enforcement Guidelines
Abstract: On October 16, 2007, the President signed into law the International Emergency Economic Powers Enhancement Act (Pub. L. 110-96) (Enhancement Act), substantially increasing the maximum penalties for violations of the International Emergency Economic Powers Act (IEEPA), the enabling statute for most sanctions programs administered and enforced by the Office of Foreign Assets Control at the Treasury Department. The increased maximum penalty amounts set forth in the Enhancement Act, as well as its application to pending or commenced cases involving apparent violations of IEEPA, prompted the development of these new guidelines for determining when it may be appropriate to pursue a civil monetary penalty for violation of sanctions programs enforced by OFAC, and for determining the amount of any civil monetary penalty in such cases.
Agency: Department of the Treasury(TREAS)	Priority: Info./Admin./Other
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 31 CFR 501
Legal Authority: 50 USC 1705 (IEEPA) PL 110-96 8 USC 1189 18 USC 2332d 18 USC 2339B 19 USC 3901 to 3913 21 USC 1901 to 1908 22 USC 287c 22 USC 2370(a) 22 USC 6009 22 USC 6032 22 USC 7205 28 USC 2461 note 31 USC 321(b) 50 USC 1701 to 1706 app 1 to 44

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Interim Final Rule	09/08/2008	73 FR 51933
Interim Final Rule Comment Period End	11/07/2008
Final Action	05/00/2009

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No
Related RINs: Related to 1505-AB69, Related to 1505-AA95
Agency Contact: Ori Lev Senior Advisor Department of the Treasury Departmental Offices Office of Foreign Assets Control, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone:202 622-2500