Code of Federal Regulations · Section
§ 501.708 — Director's Finding Of No Penalty Warranted
31 C.F.R. § 501.708
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If after considering any written response to the Prepenalty Notice submitted pursuant to § 501.707 and any other relevant facts, the Director determines that there was no violation or that the violation does not warrant the imposition of a civil monetary penalty, the Director promptly shall notify the respondent in writing of that determination and that no civil monetary penalty pursuant to this subpart will be imposed.
Authorizing Statute
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General authority of the Secretary31 U.S.C. § 321
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Financial transactions18 U.S.C. § 2332d
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Designation of foreign terrorist organizations8 U.S.C. § 1189
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Mode of recovery28 U.S.C. § 2461