31 CFR § 505.501 Penalties.

Date issued: Sep. 24 2026

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TURBOFAC Commentary (57 words)

Notes:

1) This is the UNPA-specific “penalties” provision. See 505.401 for the IEEPA provision. 505.501(b) is a reference to transactions that are exempt from regulation pursuant to IEEPA, such that OFAC is conveying that where a transaction is exempt from regulation pursuant to IEEPA, but prohibited pursuant to UNPA, the relevant penalties provision is 515.501(a) only.