# 31 CFR § 566.701: Penalties

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-566.701

## Section

- **Citation:** 31 CFR § 566.701
- **Heading:** Penalties
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY > PART 566—HIZBALLAH FINANCIAL SANCTIONS REGULATIONS > Subpart G—Penalties and Finding of Violation

## Text

(a) Civil penalties. As set forth in section 102(a)(3) of the Hizballah International Financing Prevention Act of 2015 (Pub. L. 114-102, 129 Stat. 2205 (50 U.S.C. 1701 note)), a civil penalty not to exceed the amount set forth in section 206(b) of the International Emergency Economic Powers Act (IEEPA) (50 U.S.C. 1705(b)) may be imposed on any person who violates, attempts to violate, conspires to violate, or causes a violation of any license, order, regulation, or prohibition set forth in or issued pursuant to this part.
(b) The applicable maximum civil penalty per violation of IEEPA is the greater of $377,700 or an amount that is twice the amount of the transaction that is the basis of the violation with respect to which the penalty is imposed.
(c) Criminal penalties. As set forth in section 102(a)(3) of HIFPA, a person who willfully commits, willfully attempts to commit, or willfully conspires to commit a violation of any license, order, regulation, or prohibition set forth in or issued pursuant to this part shall, upon conviction, be fined not more than $1,000,000, or if a natural person, be imprisoned for not more than 20 years, or both.
(d) Adjustments to penalty amounts. (1) The civil penalties provided in IEEPA are subject to adjustment pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990 (Pub. L. 101-410, as amended, 28 U.S.C. 2461 note).
(2) The criminal penalties provided in IEEPA are subject to adjustment pursuant to 18 U.S.C. 3571.
(e) Attention is also directed to 18 U.S.C. 1001, which provides that “whoever, in any matter within the jurisdiction of the executive, legislative, or judicial branch of the Government of the United States, knowingly and willfully falsifies, conceals, or covers up by any trick, scheme, or device a material fact; or makes any materially false, fictitious, or fraudulent statement or representation; or makes or uses any false writing or document knowing the same to contain any materially false, fictitious, or fraudulent statement or entry” shall be fined under title 18, United States Code, imprisoned, or both.
(f) Violations of this part may also be subject to other applicable laws.
[81 FR 22186, Apr. 15, 2016, as amended at 81 FR 43076, July 1, 2016; 82 FR 10438, Feb. 10, 2017; 83 FR 11880, Mar. 19, 2018; 84 FR 27718, June 14, 2019; 85 FR 19888, Apr. 9, 2020; 86 FR 14538, Mar. 17, 2021; 87 FR 7373, Feb. 9, 2022; 88 FR 2233, Jan. 13, 2023; 89 FR 2143, Jan. 12, 2024; 90 FR 3692, Jan. 15, 2025]

## Nearby sections

- [31 CFR § 566.101 § 566.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.101.md)
- [31 CFR § 566.201 § 566.201 Prohibitions or strict conditions with respect to correspondent or payable-through accounts of certain foreign financial institutions identified by the Secretary of the Treasury.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.201.md)
- [31 CFR § 566.202 § 566.202 Evasions; attempts; causing violations; conspiracies.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.202.md)
- [31 CFR § 566.203 § 566.203 Exempt transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.203.md)
- [31 CFR § 566.300 § 566.300 Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.300.md)
- [31 CFR § 566.301 § 566.301 Agent.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.301.md)
- [31 CFR § 566.302 § 566.302 Correspondent account.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.302.md)
- [31 CFR § 566.303 § 566.303 Covered financial institution.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.303.md)
- [31 CFR § 566.304 § 566.304 Effective date.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.304.md)
- [31 CFR § 566.305 § 566.305 Entity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.305.md)
- [31 CFR § 566.306 § 566.306 Financial institution.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.306.md)
- [31 CFR § 566.307 § 566.307 Financial services.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.307.md)
- [31 CFR § 566.308 § 566.308 Financial transaction.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.308.md)
- [31 CFR § 566.309 § 566.309 Foreign financial institution.](https://www.frixlaw.com/law-library/statutes/ecfr-31-566.309.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-566.701. Check the current official text before relying on it. Not legal advice.