Finanse publiczne · 14/06/2019

OFAC Issues Final Rule to Adjust Civil Monetary Penalties for Inflation

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced a final rule to increase civil monetary penalties for inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, which was amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.