Regulatory Alerts2020-02-19
Added
Financial Crimes Enforcement Network; Inflation Adjustment of Civil Monetary Penalties
The Financial Crimes Enforcement Network adjusts civil monetary penalties within 31 CFR Part 1010 to the maximum amounts required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. Using a 2020 adjustment multiplier of 1.01764 based on the Consumer Price Index for all Urban Consumers, the agency revised penalty amounts in Table 1 of Section 1010.821. These adjusted penalties apply to violations assessed on or after February 19, 2020.
Share