# 31 C.F.R. § 535.704 (2026): Penalty notice

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T31_P535_S535_704

## Section

- **Citation:** 31 C.F.R. § 535.704 (2026)
- **Heading:** Penalty notice
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 31 CFR: Money and Finance: Treasury / Chapter V: OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY / Part 535: IRANIAN ASSETS CONTROL REGULATIONS / Subpart G: Penalties / § 535.704: § 535.704   Penalty notice.

## Text

(a)
No violation.
If, after considering any presentations made in response to the prepenalty notice, the Director determines that there was no violation by the person named in the prepenalty notice, they promptly shall notify the person in writing of that determination and that no monetary penalty will be imposed.
(b)
Violation.
If, after considering any presentations made in response to the prepenalty notice, the Director determines that there was a violation by the person named in the prepenalty notice, they promptly shall issue a written notice of the imposition of the monetary penalty to that person.
[53 FR 7356, Mar. 8, 1988, as amended by 89 FR 15741, Mar. 5, 2024]

## Nearby sections

- [31 C.F.R. § 535.701 (2026) § 535.701   Penalties.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P535_S535_701.md)
- [31 C.F.R. § 535.702 (2026) § 535.702   Prepenalty notice.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P535_S535_702.md)
- [31 C.F.R. § 535.703 (2026) § 535.703   Presentation responding to prepenalty notice.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P535_S535_703.md)
- [31 C.F.R. § 535.704 (2026) § 535.704   Penalty notice.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P535_S535_704.md)
- [31 C.F.R. § 535.705 (2026) § 535.705   Administrative collection; referral to United States Department of Justice.](https://www.frixlaw.com/law-library/statutes/CFR_T31_P535_S535_705.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T31_P535_S535_704. Check the current official text before relying on it. Not legal advice.