§ 111.91. Grounds for imposition of a monetary penalty; maximum penalty.
144 words·~1 min read·
/us/cfr/t19/s§ 111.91·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CBP may assess a monetary penalty or penalties as follows:
(a)In the case of a broker, in an amount not to exceed an aggregate of \$30,000 for one or more of the reasons set forth in § 111.53(a) through
(g)other than those listed in § 111.53(b)(3), and provided that no license or permit suspension or revocation proceeding has been instituted against the broker under subpart D of this part for any of the same reasons; or
(b)In the case of a person who is not a broker, in an amount not to exceed \$10,000 for each transaction or violation referred to in § 111.4 and in an amount not to exceed an aggregate of \$30,000 for all those transactions or violations. \[T.D. 00-17, 65 FR 13891, Mar. 15, 2000, as amended by CBP Dec. 22-21, 87 FR 63321, Oct. 18, 2022\]