# 31 CFR § 582.701: Penalties and Findings of Violation

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-582.701

## Section

- **Citation:** 31 CFR § 582.701
- **Heading:** Penalties and Findings of Violation
- **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 582—NICARAGUA SANCTIONS REGULATIONS > Subpart G—Penalties and Findings of Violation

## Text

(a) The penalties available under section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1701-1706) (IEEPA), as adjusted annually pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990 (Pub. L. 101-410, as amended, 28 U.S.C. 2461 note) or, in the case of criminal violations, as adjusted pursuant to 18 U.S.C. 3571, are applicable to violations of the provisions of this part.
(b) OFAC has the authority, pursuant to IEEPA, to issue Pre-Penalty Notices, Penalty Notices, and Findings of Violation; impose monetary penalties; engage in settlement discussions and enter into settlements; refer matters to the United States Department of Justice for administrative collection; and, in appropriate circumstances, refer matters to appropriate law enforcement agencies for criminal investigation and/or prosecution. For more information, see appendix A to part 501 of this chapter, which provides a general framework for the enforcement of all economic sanctions programs administered by OFAC, including enforcement-related definitions, types of responses to apparent violations, general factors affecting administrative actions, civil penalties for failure to comply with a requirement to furnish information or keep records, and other general civil penalties information.

## Nearby sections

- [31 CFR § 582.101 § 582.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.101.md)
- [31 CFR § 582.201 § 582.201 Prohibited transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.201.md)
- [31 CFR § 582.202 § 582.202 Effect of transfers violating the provisions of this part.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.202.md)
- [31 CFR § 582.203 § 582.203 Holding of funds in interest-bearing accounts; investment and reinvestment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.203.md)
- [31 CFR § 582.204 § 582.204 Expenses of maintaining blocked tangible property; liquidation of blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.204.md)
- [31 CFR § 582.205 § 582.205 Exempt transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.205.md)
- [31 CFR § 582.300 § 582.300 Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.300.md)
- [31 CFR § 582.301 § 582.301 Blocked account; blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.301.md)
- [31 CFR § 582.302 § 582.302 Effective date.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.302.md)
- [31 CFR § 582.303 § 582.303 Entity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.303.md)
- [31 CFR § 582.304 § 582.304 Financial, material, or technological support.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.304.md)
- [31 CFR § 582.305 § 582.305 Information or informational materials.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.305.md)
- [31 CFR § 582.306 § 582.306 Interest.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.306.md)
- [31 CFR § 582.307 § 582.307 Licenses; general and specific.](https://www.frixlaw.com/law-library/statutes/ecfr-31-582.307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-582.701. Check the current official text before relying on it. Not legal advice.