Regulatory Alerts2025-01-17
Financial Crimes Enforcement Network; Inflation Adjustment of Civil Monetary Penalties
The Financial Crimes Enforcement Network issued a final rule to update civil monetary penalties in accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990. The agency applied a 2025 adjustment multiplier of 1.02598, derived from the Consumer Price Index, to increase the maximum penalty amounts for various Bank Secrecy Act violations. These adjusted penalties, which take effect on January 17, 2025, are codified in the revised Table 1 to 31 CFR 1010.821.
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