The final Office of Foreign Assets Control. This rule sets forth the Enforcement Guidelines that OFAC will follow in determining an appropriate enforcement response to apparent violations of the U.S. economic sanctions programs that OFAC enforces.
The final rule will appear as an Appendix to the Reporting, Procedures and Penalties Regulations, 31 C.F.R. Part 501.
These are the new General Factors that OFAC will consider in determining the appropriate administrative response:
- Willful or Reckless Violation of Law
- Willfulness
- Recklessness
- Concealment
- Pattern of Conduct
- Prior Notice
- Management Involvement
- Awareness of Conduct
- Actual Knowledge
- Reason to Know
- Management involvement
- Harm to Sanctions Program Objectives
- Economic or Other Benefit to the Sanctioned Individual, Entity, or Country
- Implications for U.S. Policy
- License Eligibility
- Humanitarian activity
- Individual Characteristics
- Commercial Sophistication
- Size of Operations and Financial Condition
- Volume of Transactions
- Sanctions History
- Compliance Program
- Remedial Response
- Cooperation with OFAC
- Timing of apparent violation in relation to imposition of sanctions
- Other enforcement action
- Future Compliance/Deterrence Effect
- Other relevant factors on a case-by-case basis
The Guidelines are the final rule and replace the Guidelines previously promulgated as an interim final rule with request for comments on September 8, 2008.
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