U.S. OFAC adds Sanctions Penalties Regulations
New rule consolidates previously existing information concerning enforcement procedures and penalties.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today released a final rule adding new 31 CFR part 505, Sanctions Penalties Regulations.
The new rule consolidates previously existing information concerning enforcement procedures and penalties, including the rights of U.S. persons being investigated for sanctions violations. The initial regulations address penalties for violations of sanctions issued pursuant to the International Emergency Economic Powers Act (IEEPA) and the United Nations Participation Act (UNPA), without making substantive changes to those penalty provisions.
OFAC plans to update individual parts of 31 CFR chapter V to replace existing penalty information with cross-references to the new regulations, which OFAC states will help standardize penalty provisions and ease compliance with federal civil penalty inflation-adjustment requirements.
The final regulations are scheduled for publication in the Federal Register on September 25, 2026, and will be effective as of the date of publication.