Search Results for citation:"90 FR 8429"

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Search Results: citation:"90 FR 8429"

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  • 2025-01881 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:90 FR 8429
    Reading Time:about 4 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has unblocked the property and interests of certain individuals and entities, removing them from the list of Specially Designated Nationals and Blocked Persons. These changes were determined on January 13, 2025, and involve several individuals from Mexico and Colombia and entities located in Honduras and Mexico. The names and details of those affected are available on OFAC's website.

    Simple Explanation

    The government has decided that some people and companies from different countries are no longer on a bad list, meaning they can use their stuff like everyone else, and you can see their names on a special website.

  • 2025-01633 — Notice on Penalty Inflation Adjustments for Civil Monetary Penalties for Violations of Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern
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    Type:Notice
    Citation:90 FR 8429
    Reading Time:about 3 minutes

    The Department of the Treasury's Office of Investment Security has updated the maximum civil monetary penalties linked to the Outbound Investment Security Program. These updates are part of an annual inflation adjustment required by law and will be effective until January 14, 2026. The new maximum penalty for violations is $377,700 or twice the amount of the transaction involved, whichever is greater. These changes are mandated by the Federal Civil Penalties Inflation Adjustment Act, with the specific multiplier for 2025 being 1.02598.

    Simple Explanation

    The government is changing the rules for how much money people or companies have to pay if they break certain investment rules in countries they’re worried about. Now, they can charge up to $377,700 or twice the amount the rule-breaker was dealing with, whichever is bigger.