Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations 2139 

[FR Doc. 2024–00530 Filed 1–11–24; 8:45 am] 

BILLING CODE 4310–05–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

31 CFR Parts 501, 510, 535, 536, 539, 

541, 542, 544, 546, 547, 548, 549, 551, 

552, 553, 555, 558, 560, 561, 566, 570, 

576, 578, 583, 584, 588, 589, 590, 592, 

594, 597, and 598 

Inflation Adjustment of Civil Monetary 

Penalties 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Final rule. 

SUMMARY: 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. 

DATES: This rule is effective January 12, 

2024. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Assistant Director for Licensing, 

202–622–2480; Assistant Director for 

Regulatory Affairs, 202–622–4855; 

Assistant Director for Compliance, 202– 

622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s website 

(www.treas.gov/ofac). 

Background 

Section 4 of the Federal Civil 

Penalties Inflation Adjustment Act of 

1990 (Pub. L. 101–410, 104 Stat. 890; 28 

U.S.C. 2461 note), as amended by the 

Federal Civil Penalties Inflation 

Adjustment Act Improvements Act of 

2015 (Pub. L. 114–74, 129 Stat. 599, 28 

U.S.C. 2461 note) (the FCPIA Act), 

requires each federal agency with 

statutory authority to assess civil 

monetary penalties (CMPs) to adjust 

CMPs annually for inflation according 

to a formula described in section 5 of 

the FCPIA Act. One purpose of the 

FCPIA Act is to ensure that CMPs 

continue to maintain their deterrent 

effect through periodic cost-of-livingbased adjustments. 

OFAC has adjusted its CMPs nine 

times since the Federal Civil Penalties 

Inflation Adjustment Act Improvements 

Act of 2015 went into effect on 

November 2, 2015: an initial catch-up 

adjustment on August 1, 2016 (81 FR 

43070, July 1, 2016); an additional 

initial catch-up adjustment related to 

CMPs for failure to comply with a 

requirement to furnish information, the 

late filing of a required report, and 

failure to maintain records 

(‘‘recordkeeping CMPs’’) that were 

inadvertently omitted from the August 

1, 2016 initial catch-up adjustment on 

October 5, 2020 (85 FR 54911, 

September 3, 2020); and annual 

adjustments on February 10, 2017 (82 

FR 10434, February 10, 2017); March 19, 

2018 (83 FR 11876, March 19, 2018); 

June 14, 2019 (84 FR 27714, June 14, 

2019); April 9, 2020 (85 FR 19884, April 

9, 2020); March 17, 2021 (86 FR 14534, 

March 17, 2021); February 9, 2022 (87 

FR 7369, February 9, 2022); and January 

13, 2023 (88 FR 2229, January 13, 2023). 

Method of Calculation 

The method of calculating CMP 

adjustments applied in this final rule is 

required by the FCPIA Act. Under the 

FCPIA Act and the Office of 

Management and Budget guidance 

required by the FCPIA 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–24–07 of 

December 19, 2023, the adjustment 

multiplier for 2023 is 1.03241. In order 

to complete the 2024 annual 

adjustment, each current CMP is 

multiplied by the 2024 adjustment 

multiplier. Under the FCPIA Act, any 

increase in CMP must be rounded to the 

nearest multiple of $1. 

New Penalty Amounts 

OFAC imposes CMPs pursuant to the 

penalty authority in five statutes: the 

Trading With the Enemy Act (50 U.S.C. 

4301–4341, at 4315) (TWEA); the 

International Emergency Economic 

Powers Act (50 U.S.C. 1701–1706, at 

1705) (IEEPA); the Antiterrorism and 

Effective Death Penalty Act of 1996 (18 

U.S.C. 2339B) (AEDPA); the Foreign 

Narcotics Kingpin Designation Act (21 

U.S.C. 1901–1908, at 1906) (FNKDA); 

and the Clean Diamond Trade Act (19 

U.S.C. 3901–3913, at 3907) (CDTA). 

The table below summarizes the 

existing and new maximum CMP 

amounts for each statute. 

TABLE 1—MAXIMUM CMP AMOUNTS FOR RELEVANT STATUTES

Statute Existing maximum 

CMP amount 

Maximum CMP 

amount effective 

Jan. 12, 2024 

TWEA ............................................................................................................................................... $105,083 $108,489 

IEEPA .............................................................................................................................................. 356,579 368,136 

AEDPA ............................................................................................................................................. 94,127 97,178 

FNKDA ............................................................................................................................................. 1,771,754 1,829,177 

CDTA ............................................................................................................................................... 16,108 16,630 

In addition to updating these 

maximum CMP amounts, OFAC is also 

updating two references to one-half the 

IEEPA maximum CMP from $178,290 to 

$184,068, and is adjusting the 

recordkeeping CMP amounts found in 

OFAC’s Economic Sanctions 

Enforcement Guidelines in appendix A 

to 31 CFR part 501. The table below 

summarizes the existing and new 

maximum CMP amounts for OFAC’s 

recordkeeping CMPs. 


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2140 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations 

TABLE 2—MAXIMUM CMP AMOUNTS FOR RECORDKEEPING CMPS

Violation Existing maximum 

CMP amount 

Maximum CMP 

amount effective 

Jan. 12, 2024 

Failure to furnish information pursuant to 31 CFR 501.602 irrespective of whether any other violation is alleged ............................................................................................................................ $27,520 $28,412 

Failure to furnish information pursuant to 31 CFR 501.602 where OFAC has reason to believe 

that the apparent violation(s) involves a transaction(s) valued at greater than 500,000, irrespective of whether any other violation is alleged ....................................................................... 68,801 71,031 

Late filing of a required report, whether set forth in regulations or in a specific license, if filed 

within the first 30 days after the report is due ............................................................................. 3,439 3,550 

Late filing of a required report, whether set forth in regulations or in a specific license, if filed 

more than 30 days after the report is due ................................................................................... 6,881 7,104 

Late filing of a required report, whether set forth in regulations or in a specific license, if the report relates to blocked assets, an additional CMP for every 30 days that the report is overdue, up to five years .................................................................................................................... 1,377 1,422 

Failure to maintain records in conformance with the requirements of OFAC’s regulations or of a 

specific license ............................................................................................................................. 68,928 71,162 

Finally, OFAC is making changes in 

the authorities citations of 31 CFR parts 

583 and 594 to more specifically 

reference one of the relevant statutory 

authorities in each citation. 

Public Participation 

The FCPIA Act expressly exempts this 

final rule from the notice and comment 

requirements of the Administrative 

Procedure Act by directing agencies to 

adjust CMPs for inflation 

‘‘notwithstanding section 553 of title 5, 

United States Code’’ (Pub. L. 114–74, 

129 Stat. 599; 28 U.S.C. 2461 note). As 

such, this final rule is being issued 

without prior public notice or 

opportunity for public comment, with 

an effective date of January 12, 2024. 

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. 

Executive Order 12866 

This rule is not a significant 

regulatory action as defined in section 

3.f. of Executive Order 12866 of 

September 30, 1993, ‘‘Regulatory 

Planning and Review’’ (58 FR 51735, 

October 4, 1993), as amended. 

Paperwork Reduction Act 

The Paperwork Reduction Act does 

not apply because this rule does not 

impose information collection 

requirements that would require the 

approval of the Office of Management 

and Budget under 44 U.S.C. 3501 et seq. 

List of Subjects in 31 CFR Parts 501, 

510, 535, 536, 539, 541, 542, 544, 546, 

547, 548, 549, 551, 552, 553, 555, 558, 

560, 561, 566, 570, 576, 578, 583, 584, 

588, 589, 590, 592, 594, 597, and 598 

Administrative practice and 

procedure, Banks, Banking, Blocking of 

assets, Exports, Foreign trade, Licensing, 

Penalties, Sanctions. 

For the reasons set forth in the 

preamble, OFAC amends 31 CFR 

chapter V as follows: 

PART 501—REPORTING, 

PROCEDURES AND PENALTIES 

REGULATIONS 

■ 1. 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, 2370(a), 6009, 6032, 

7205, 8501–8551; 31 U.S.C. 321(b); 50 U.S.C. 

1701–1706, 4301–4341; Pub. L. 101–410, 104 

Stat. 890, as amended (28 U.S.C. 2461 note). 

Subpart D—Trading With the Enemy 

Act (TWEA) Penalties 

§ 501.701 [Amended] 

■ 2. In § 501.701, in paragraph (a)(3) 

introductory text, remove ‘‘$105,083’’ 

and add in its place ‘‘$108,489’’. 

■ 3. Amend appendix A to part 501 as 

follows: 

■ a. In paragraph IV.A., remove 

‘‘$27,520’’ and add in its place 

‘‘$28,412’’ and remove ‘‘$68,801’’ and 

add in in its place ‘‘$71,031’’; 

■ b. In paragraph IV.B., remove 

‘‘$3,439’’ and add in its place ‘‘$3,550’’, 

remove ‘‘$6,881’’ and add in its place 

‘‘$7,104’’, and remove ‘‘$1,377’’ and add 

in its place ‘‘$1,422’’; 

■ c. In paragraph IV.C., remove 

‘‘$68,928’’ and add in its place 

‘‘$71,162’’; 

■ d. In paragraph V.B.2.a.i., remove 

‘‘$178,290’’ and add in its place 

‘‘$184,068’’ and remove ‘‘$356,579’’ and 

add in its place ‘‘$368,136’’; 

■ e. In paragraph V.B.2.a.ii., remove 

‘‘$356,579’’ in all three locations where 

it appears and add in its place in all 

three locations ‘‘$368,136’’; 

■ f. In paragraph V.B.2.a.v., remove 

‘‘$356,579’’ and add in its place 

‘‘$368,136’’, remove ‘‘$105,083’’ and 

add in its place ‘‘$108,489’’, remove 

‘‘$1,771,754’’ and add in its place 

‘‘$1,829,177’’, remove ‘‘$94,127’’ and 

add in its place ‘‘$97,178’’, and remove 

‘‘$16,108’’ and add in its place 

‘‘$16,630’’; and 

■ g. Revise paragraph V.B.2.a.vi. 

The revision reads as follows: 

Appendix A to Part 501—Economic 

Sanctions Enforcement Guidelines 

* * * * * 

V. * * * 

B. * * * 

2. * * * 

a. * * * 

vi. The following matrix represents the 

base amount of the proposed civil penalty for 

each category of violation: 


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Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations 2141 

* * * * * 

PART 510—NORTH KOREA 

SANCTIONS REGULATIONS 

■ 4. The authority citation for part 510 

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, 9201–9255; Pub. L. 101–410, 104 Stat. 

890, as amended (28 U.S.C. 2461 note); Pub. 

L. 115–44, 131 Stat. 886 (codified in scattered 

sections of 22 U.S.C.); E.O. 13466, 73 FR 

36787, 3 CFR, 2008 Comp., p. 195; E.O. 

13551, 75 FR 53837, 3 CFR, 2010 Comp., p. 

242; E.O. 13570, 76 FR 22291, 3 CFR, 2011 

Comp., p. 233; E.O. 13687, 80 FR 819, 3 CFR, 

2015 Comp., p. 259; E.O. 13722, 81 FR 14943, 

3 CFR, 2016 Comp., p. 446; E.O. 13810, 82 

FR 44705, 3 CFR, 2017 Comp., p. 379. 

Subpart G—Penalties and Finding of 

Violation 

§ 510.701 [Amended] 

■ 5. In § 510.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 535—IRANIAN ASSETS 

CONTROL REGULATIONS 

■ 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, as 

amended (28 U.S.C. 2461 note); 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; E.O. 12294, 46 FR 

14111, 3 CFR, 1981 Comp., p. 139. 

Subpart G—Penalties 

§ 535.701 [Amended] 

■ 7. In § 535.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 536—NARCOTICS TRAFFICKING 

SANCTIONS REGULATIONS 

■ 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, as amended (28 

U.S.C. 2461 note); 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 

§ 536.701 [Amended] 

■ 9. In § 536.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 539—WEAPONS OF MASS 

DESTRUCTION TRADE CONTROL 

REGULATIONS 

■ 10. 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, as amended (28 U.S.C. 2461 note); 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 

§ 539.701 [Amended] 

■ 11. In § 539.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 541—ZIMBABWE SANCTIONS 

REGULATIONS 

■ 12. 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, as amended (28 

U.S.C. 2461 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. 


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BASE PENALTY MATRIX 

Egregious Case 

NO YES 

(1) (3) 

One-Half of Transaction Value One-Half of 

YES ( capped at lesser of $184,068 or Applicable Statutory Maximum 

one-half of the applicable statutory 

maximum per violation) 

(2) (4) 

Applicable Schedule Amount 

NO (capped at lesser of$368,136 or Applicable Statutory Maximum 

the applicable statutory maximum 

per violation) 
2142 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations 

Subpart G—Penalties 

§ 541.701 [Amended] 

■ 13. In § 541.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 542—SYRIAN SANCTIONS 

REGULATIONS 

■ 14. 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, as amended (28 U.S.C. 2461 note); 

Pub. L. 116–92, Div. F, Title LXXIV, 133 Stat. 

2290 (22 U.S.C. 8791 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 

§ 542.701 [Amended] 

■ 15. In § 542.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 544—WEAPONS OF MASS 

DESTRUCTION PROLIFERATORS 

SANCTIONS REGULATIONS 

■ 16. 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; Pub. L. 

101–410, 104 Stat. 890, as amended (28 

U.S.C. 2461 note); 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 

§ 544.701 [Amended] 

■ 17. In § 544.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 546—DARFUR SANCTIONS 

REGULATIONS 

■ 18. 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, as 

amended (28 U.S.C. 2461 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 

§ 546.701 [Amended] 

■ 19. In § 546.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 547—DEMOCRATIC REPUBLIC 

OF THE CONGO SANCTIONS 

REGULATIONS 

■ 20. 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, as 

amended (28 U.S.C. 2461 note); E.O. 13413, 

71 FR 64105, 3 CFR, 2006 Comp., p. 247; E.O. 

13671, 79 FR 39949, 3 CFR, 2015 Comp., p. 

280. 

Subpart G—Penalties and Finding of 

Violation 

§ 547.701 [Amended] 

■ 21. In § 547.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 548—BELARUS SANCTIONS 

REGULATIONS 

■ 22. 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, as amended (28 

U.S.C. 2461 note); E.O. 13405, 71 FR 35485, 

3 CFR, 2006 Comp., p. 231; E.O. 14038, 86 

FR 43905, 3 CFR, 2021 Comp., p. 626. 

Subpart G—Penalties 

§ 548.701 [Amended] 

■ 23. In § 548.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 549—LEBANON SANCTIONS 

REGULATIONS 

■ 24. 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, as amended (28 

U.S.C. 2461 note); E.O. 13441, 72 FR 43499, 

3 CFR, 2008 Comp., p. 232. 

Subpart G—Penalties 

§ 549.701 [Amended] 

■ 25. In § 549.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 551—SOMALIA SANCTIONS 

REGULATIONS 

■ 26. The authority citation for part 551 

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, as 

amended (28 U.S.C. 2461 note); E.O. 13536, 

75 FR 19869, 3 CFR, 2010 Comp., p. 203; E.O. 

13620, 77 FR 43483, 3 CFR, 2012 Comp., p. 

281. 

Subpart G—Penalties and Findings of 

Violation 

§ 551.701 [Amended] 

■ 27. In § 551.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 552—YEMEN SANCTIONS 

REGULATIONS 

■ 28. The authority citation for part 552 

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, as amended (28 

U.S.C. 2461 note); E.O. 13611, 77 FR 29533, 

3 CFR, 2012 Comp., p. 260. 

Subpart G—Penalties and Findings of 

Violation 

§ 552.701 [Amended] 

■ 29. In § 552.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 553—CENTRAL AFRICAN 

REPUBLIC SANCTIONS 

REGULATIONS 

■ 30. The authority citation for part 553 

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, as 

amended (28 U.S.C. 2461 note); E.O. 13667, 

79 FR 28387, 3 CFR, 2014 Comp., p. 243. 

Subpart G—Penalties and Findings of 

Violation 

§ 553.701 [Amended] 

■ 31. In § 553.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 555—MALI SANCTIONS 

REGULATIONS 

■ 32. The authority citation for part 555 

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, as 

amended (28 U.S.C. 2461 note); E.O. 13882, 

84 FR 37055, 3 CFR, 2019 Comp., p. 346. 


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Subpart G—Penalties and Findings of 

Violation 

§ 555.701 [Amended] 

■ 33. In § 555.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 558—SOUTH SUDAN 

SANCTIONS REGULATIONS 

■ 34. The authority citation for part 558 

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, as amended (28 

U.S.C. 2461 note); E.O. 13664, 79 FR 19283, 

3 CFR, 2014 Comp., p. 238. 

Subpart G—Penalties and Findings of 

Violation 

§ 558.701 [Amended] 

■ 35. In § 558.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘368,136’’. 

PART 560—IRANIAN TRANSACTIONS 

AND SANCTIONS REGULATIONS 

■ 36. 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, 7201–7211, 

8501–8551, 8701–8795; 31 U.S.C. 321(b); 50 

U.S.C. 1601–1651, 1701–1706; Pub. L. 101– 

410, 104 Stat. 890, as amended (28 U.S.C. 

2461 note); 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. 215; E.O. 13846, 83 FR 38939, 3 

CFR, 2018 Comp., p. 854. 

Subpart G—Penalties 

§ 560.701 [Amended] 

■ 37. In § 560.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 561—IRANIAN FINANCIAL 

SANCTIONS REGULATIONS 

■ 38. 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; 22 U.S.C. 

8501–8551, 8701–8795; Pub. L. 101–410, 104 

Stat. 890, as amended (28 U.S.C. 2461 note); 

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, 3 

CFR, 2012 Comp., p. 215; E.O. 13846, 83 FR 

38939, 3 CFR, 2018 Comp., p. 854; E.O. 

13871, 84 FR 20761, 3 CFR, 2019 Comp., p. 

309. 

Subpart G—Penalties 

§ 561.701 [Amended] 

■ 39. In § 561.701, in paragraph (a)(4), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 566—HIZBALLAH FINANCIAL 

SANCTIONS REGULATIONS 

■ 40. 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, as amended (28 

U.S.C. 2461 note); Pub. L. 114–102, 129 Stat. 

2205 (50 U.S.C. 1701 note); Pub. L. 115–272, 

132 Stat. 4144 (50 U.S.C. 1701 note). 

Subpart G—Penalties and Finding of 

Violation 

§ 566.701 [Amended] 

■ 41. In § 566.701, in paragraph (b), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 570—LIBYAN SANCTIONS 

REGULATIONS 

■ 42. The authority citation for part 570 

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, as 

amended (28 U.S.C. 2461 note); E.O. 13566, 

76 FR 11315, 3 CFR, 2011 Comp., p. 222; E.O. 

13726, 81 FR 23559, 3 CFR, 2016 Comp., p. 

454. 

Subpart G—Penalties and Findings of 

Violation 

§ 570.701 [Amended] 

■ 43. In § 570.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 576—IRAQ STABILIZATION AND 

INSURGENCY SANCTIONS 

REGULATIONS 

■ 44. 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. 101–410, 104 Stat. 890, as 

amended (28 U.S.C. 2461 note); 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 

§ 576.701 [Amended] 

■ 45. In § 576.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 578—CYBER-RELATED 

SANCTIONS REGULATIONS 

■ 46. The authority citation for part 578 

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, as amended (28 

U.S.C. 2461 note); Pub. L. 115–44, 131 Stat. 

886 (codified in scattered sections of 22 

U.S.C.); E.O. 13694, 80 FR 18077, 3 CFR 2015 

Comp., p. 297; E.O. 13757, 82 FR 1, 3 CFR 

2016 Comp., p. 659. 

Subpart G—Penalties and Findings of 

Violation 

§ 578.701 [Amended] 

■ 47. In § 578.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 583—GLOBAL MAGNITSKY 

SANCTIONS REGULATIONS 

■ 48. The authority citation for part 583 

is revised to read as follows: 

Authority: 3 U.S.C. 301; 22 U.S.C. 10101– 

10103; 31 U.S.C. 321(b); 50 U.S.C. 1601– 

1651, 1701–1706; Pub. L. 101–410, 104 Stat. 

890, as amended (28 U.S.C. 2461 note); E.O. 

13818, 82 FR 60839, 3 CFR, 2017 Comp., p. 

399. 

Subpart G—Penalties and Findings of 

Violation 

§ 583.701 [Amended] 

■ 49. In § 583.701, in paragraph (c), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 584—MAGNITSKY ACT 

SANCTIONS REGULATIONS 

■ 50. 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, as amended (28 

U.S.C. 2461 note); Pub. L. 112–208, Title IV, 

126 Stat. 1502 (22 U.S.C. 5811 note). 

Subpart G—Penalties and Finding of 

Violation 

§ 584.701 [Amended] 

■ 51. In § 584.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 


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2144 Federal Register / Vol. 89, No. 9 / Friday, January 12, 2024 / Rules and Regulations 

PART 588—WESTERN BALKANS 

STABILIZATION REGULATIONS 

■ 52. 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; 22 U.S.C. 

287c; Pub. L. 101–410, 104 Stat. 890, as 

amended (28 U.S.C. 2461 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; E.O. 14033, 86 FR 43905, 3 CFR, 2022 

Comp., p. 591. 

Subpart G—Penalties and Findings of 

Violation 

§ 588.701 [Amended] 

■ 53. In § 588.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 589—UKRAINE-/RUSSIARELATED SANCTIONS REGULATIONS 

■ 54. The authority citation for part 589 

continues to read as follows: 

Authority: 3 U.S.C. 301; 22 U.S.C. 8901– 

8910, 8921–8930; 31 U.S.C. 321(b); 50 U.S.C. 

1601–1651, 1701–1706; Pub. L. 101–410, 104 

Stat. 890, as amended (28 U.S.C. 2461 note); 

Pub. L. 115–44, 131 Stat. 886 (codified in 

scattered sections of 22 U.S.C.); E.O. 13660, 

79 FR 13493, 3 CFR, 2014 Comp., p. 226; E.O. 

13661, 79 FR 15535, 3 CFR, 2014 Comp., p. 

229; E.O. 13662, 79 FR 16169, 3 CFR, 2014 

Comp., p. 233; E.O. 13685, 79 FR 77357, 3 

CFR, 2014 Comp., p. 313. 

Subpart G—Penalties and Findings of 

Violation 

§ 589.701 [Amended] 

■ 55. In § 589.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 590—TRANSNATIONAL 

CRIMINAL ORGANIZATIONS 

SANCTIONS REGULATIONS 

■ 56. The authority citation for part 590 

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, as amended (28 

U.S.C. 2461 note); E.O. 13581, 76 FR 44757, 

3 CFR, 2011 Comp., p. 260; E.O. 13863, 84 

FR 10255, 3 CFR, 2019 Comp., p. 267. 

Subpart G—Penalties and Findings of 

Violation 

§ 590.701 [Amended] 

■ 57. In § 590.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 592—ROUGH DIAMONDS 

CONTROL REGULATIONS 

■ 58. The authority citation for part 592 

continues to read as follows: 

Authority: 3 U.S.C. 301; 19 U.S.C. 3901– 

3913; 31 U.S.C. 321(b); Pub. L. 101–410, 104 

Stat. 890, as amended (28 U.S.C. 2461 note); 

E.O. 13312, 68 FR 45151, 3 CFR, 2003 Comp., 

p. 246. 

Subpart F—Penalties 

§ 592.601 [Amended] 

■ 59. In § 592.601, in paragraph (a)(2), 

remove ‘‘$16,108’’ and add in its place 

‘‘$16,630’’. 

PART 594—GLOBAL TERRORISM 

SANCTIONS REGULATIONS 

■ 60. The authority citation for part 594 

is revised to read as follows: 

Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 22 

U.S.C. 9404–9411; 31 U.S.C. 321(b); 50 U.S.C. 

1601–1651, 1701–1706; Pub. L. 101–410, 104 

Stat. 890, as amended (28 U.S.C. 2461 note); 

Pub. L. 114–102, 129 Stat. 2205, as amended 

(50 U.S.C. 1701 note); Pub. L. 115–348, 132 

Stat. 5055 (50 U.S.C. 1701 note); 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; E.O. 13886, 84 FR 

48041, 3 CFR, 2019 Comp., p. 356. 

Subpart G—Penalties 

§ 594.701 [Amended] 

■ 61. In § 594.701, in paragraph (a)(2), 

remove ‘‘$356,579’’ and add in its place 

‘‘$368,136’’. 

PART 597—FOREIGN TERRORIST 

ORGANIZATIONS SANCTIONS 

REGULATIONS 

■ 62. The authority citation for part 597 

continues to read as follows: 

Authority: 8 U.S.C. 1189; 18 U.S.C. 2339B; 

31 U.S.C. 321(b); Pub. L. 101–410, 104 Stat. 

890, as amended (28 U.S.C. 2461 note). 

Subpart G—Penalties 

§ 597.701 [Amended] 

■ 63. In § 597.701, in paragraph (b)(3), 

remove ‘‘$94,127’’ and add in its place 

‘‘$97,178’’. 

PART 598—FOREIGN NARCOTICS 

KINGPIN SANCTIONS REGULATIONS 

■ 64. 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, as amended (28 U.S.C. 2461 note). 

Subpart G—Penalties 

§ 598.701 [Amended] 

■ 65. In § 598.701, in paragraph (a)(4), 

remove ‘‘$1,771,754’’ and add in its 

place ‘‘$1,829,177’’. 

Bradley T. Smith, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2024–00594 Filed 1–11–24; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF DEFENSE 

Office of the Secretary 

32 CFR Part 269 

[Docket ID: DOD–2016–OS–0045] 

RIN 0790–AL72 

Civil Monetary Penalty Inflation 

Adjustment 

AGENCY: Office of the Under Secretary of 

Defense (Comptroller), Department of 

Defense (DoD). 

ACTION: Final rule. 

SUMMARY: The DoD is issuing this final 

rule to adjust each of its statutory civil 

monetary penalties (CMP) to account for 

inflation. The Federal Civil Penalties 

Inflation Adjustment Act of 1990, as 

amended by the Debt Collection 

Improvement Act of 1996 and the 

Federal Civil Penalties Inflation 

Adjustment Act Improvements Act of 

2015 (the 2015 Act), requires the head 

of each agency to adjust for inflation its 

CMP levels in effect as of November 2, 

2015, under a revised methodology that 

was effective for 2016 and for each year 

thereafter. 

DATES: This rule is effective January 15, 

2024. 

FOR FURTHER INFORMATION CONTACT: 

Dzenana Dzanic, 703–508–9277. 

SUPPLEMENTARY INFORMATION: 

Background Information 

The Federal Civil Penalties Inflation 

Adjustment Act of 1990, Public Law 

101–410, codified at 28 U.S.C. 2461, 

note, as amended, requires agencies to 

annually adjust the level of CMPs for 

inflation to improve their effectiveness 

and maintain their deterrent effect. 

Section 2461 requires that not later than 

July 1, 2016, and not later than January 

15 of every year thereafter, the head of 

each agency must adjust each CMP 

within its jurisdiction by the inflation 

adjustment set forth therein. The 

inflation adjustment is determined by 

increasing the maximum CMP or the 

range of minimum and maximum CMPs, 

as applicable, for each CMP by the costVerDate Sep<11>2014 15:08 Jan 11, 2024 Jkt 262001 PO 00000 Frm 00034 Fmt 4700 Sfmt 4700 E:\FR\FM\12JAR1.SGM 12JAR1

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