§ 597.701. Penalties.
421 words·~2 min read·
/us/cfr/t31/s§ 597.701·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Attention is directed to 18 U.S.C. 2339B(a)(1), as added by Public Law 104-132, 110 Stat. 1250-1253, section 303, which provides that whoever, within the United States or subject to the jurisdiction of the United States, knowingly provides material support or resources to a foreign terrorist organization, or attempts or conspires to do so, shall be fined under title 18, United States Code, or imprisoned for not more than 10 years, or both. (b)(1) Pursuant to 18 U.S.C. 2339B(b), except as authorized by the Secretary of the Treasury, any financial institution that knowingly fails to retain possession of or maintain control over funds in which a foreign terrorist organization or its agent has an interest, or to report the existence of such funds in accordance with these regulations, shall be subject to a civil penalty in an amount that is the greater of the amount set forth in 18 U.S.C. 2339B(b) per violation, or twice the amount of which the financial institution was required to retain possession or control.
(2)The civil penalties provided in 18 U.S.C. 2339B(b) are subject to adjustment pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990 (Pub. L. 101-410, as amended, 28 U.S.C. 2461 note).
(3)The applicable maximum civil penalty per violation is \$99,703 or twice the amount of which a financial institution was required to retain possession or control.
(c)Attention is directed to 18 U.S.C. 1001, which provides that whoever, in any matter within the jurisdiction of the executive, legislative, or judicial branch of the Government of the United States, knowingly and willfully falsifies, conceals or covers up by any trick, scheme, or device a material fact, or makes any materially false, fictitious or fraudulent statement or representation, or makes or uses any false writing or document knowing the same to contain any materially false, fictitious or fraudulent statement or entry, shall be fined under title 18, United States Code, or imprisoned not more than 5 years, or both.
(d)Conduct covered by this part may also be subject to relevant provisions of other applicable laws. \[62 FR 52495, Oct. 8, 1997, as amended at 68 FR 61361, Oct. 28, 2003; 81 FR 43077, July 1, 2016; 82 FR 10439, Feb. 10, 2017; 83 FR 11880, Mar. 19, 2018; 84 FR 27719, June 14, 2019; 85 FR 19888, Apr. 9, 2020; 86 FR 14539, Mar. 17, 2021; 87 FR 7373, Feb. 9, 2022; 88 FR 2234, Jan. 13, 2023; 89 FR 2144, Jan. 12, 2024; 90 FR 3693, Jan. 15, 2025\]
Connectionstraces to 2
Traces to 2 documents
5 references not yet in our index
- 18 USC 2339B(a)(1)
- Pub. L. 104-132
- 110 Stat. 1250
- 18 USC 2339B(b)
- Pub. L. 101-410
Citation graph
cites case law
§ 597.701
Penalties.
Cite18 USC 2339B(a)(1)
Pub. L.Pub. L. 104-132
Stat.110 Stat. 1250
Cite18 USC 2339B(b)
Pub. L.Pub. L. 101-410
Cites 7Cited by 0 across 0 sources