Code of Federal Regulations · Section
§ 535.704 — Penalty Notice
31 C.F.R. § 535.704
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(a) No violation. If, after considering any presentations made in response to the prepenalty notice, the Director determines that there was no violation by the person named in the prepenalty notice, they promptly shall notify the person in writing of that determination and that no monetary penalty will be imposed.
(b) Violation. If, after considering any presentations made in response to the prepenalty notice, the Director determines that there was a violation by the person named in the prepenalty notice, they promptly shall issue a written notice of the imposition of the monetary penalty to that person.
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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Mode of recovery28 U.S.C. § 2461