# 31 CFR § 586.701: Penalties and Findings of Violation

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-586.701

## Section

- **Citation:** 31 CFR § 586.701
- **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 586—CHINESE MILITARY-INDUSTRIAL COMPLEX 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 § 586.101 § 586.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.101.md)
- [31 CFR § 586.201 § 586.201 Prohibited transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.201.md)
- [31 CFR § 586.300 § 586.300 Applicability of definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.300.md)
- [31 CFR § 586.301 § 586.301 Entity.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.301.md)
- [31 CFR § 586.302 § 586.302 Licenses; general and specific.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.302.md)
- [31 CFR § 586.303 § 586.303 OFAC.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.303.md)
- [31 CFR § 586.304 § 586.304 Person.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.304.md)
- [31 CFR § 586.305 § 586.305 Publicly traded securities.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.305.md)
- [31 CFR § 586.306 § 586.306 United States.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.306.md)
- [31 CFR § 586.307 § 586.307 United States person; U.S. person.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.307.md)
- [31 CFR § 586.308 § 586.308 U.S. financial institution.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.308.md)
- [31 CFR § 586.402 § 586.402 Effect of amendment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.402.md)
- [31 CFR § 586.403 § 586.403 Transactions ordinarily incident to a licensed transaction.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.403.md)
- [31 CFR § 586.404 § 586.404 Subsidiary entities.](https://www.frixlaw.com/law-library/statutes/ecfr-31-586.404.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-586.701. Check the current official text before relying on it. Not legal advice.