FinCEN Adjusts Penalties for Inflation
The Financial Crimes Enforcement Network is adjusting its civil monetary penalties for inflation, the agency said in a notice. The new amounts include higher maximum penalties for various recordkeeping and banking violations associated with illegal funds transfers, which can sometimes…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
violate U.S. sanctions. The changes take effect Jan. 24.