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Can you summarize 31 CFR Part 501, Subpart D?
REPORTING, PROCEDURES AND PENALTIES REGULATIONS > Trading With the Enemy Act (TWEA) Penalties
Short Summary
The provided legal document content pertains to the penalties associated with violations of the Trading With the Enemy Act (TWEA). It applies to individuals who willfully violate any provision of TWEA or any related license, rule, or regulation, as well as those who willfully violate, neglect, or refuse to comply with any order of the President issued in compliance with TWEA. Upon conviction, individuals can face fines of up to $1,000,000, imprisonment for up to 20 years, or both. Additionally, the Secretary of the Treasury has the authority to impose civil penalties of up to $105,083 per violation. The document does not mention any specific exemptions.
Whom does it apply to?
Individuals who willfully violate any provision of TWEA or any related license, rule, or regulation, as well as those who willfully violate, neglect, or refuse to comply with any order of the President issued in compliance with TWEA.
What does it govern?
Trading With the Enemy Act (TWEA) Penalties
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
Fines of up to $1,000,000, imprisonment for up to 20 years, or both for individuals upon conviction. The Secretary of the Treasury has the authority to impose civil penalties of up to $105,083 per violation.
Jurisdiction
U.S. Federal Government