31 CFR § 596.701 - Penalties.

---
identifier: "/us/cfr/t31/s596.701"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 596.701 - Penalties."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "596.701"
section_name: "Penalties."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "596"
part_name: "TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "18 U.S.C. 2332d; 22 U.S.C. 7201-7211; 31 U.S.C. 321(b)."
regulatory_source: "61 FR 43463, Aug. 23, 1996, unless otherwise noted."
cfr_part: "596"
---


# 596.701 Penalties.

Attention is directed to 18 U.S.C. 2332d, as added by Public Law 104-132, section 321, which provides that, except as provided in regulations issued by the Secretary of the Treasury, in consultation with the Secretary of State, a United States person, knowing or having reasonable cause to know that a country is designated under section 6(j) of the Export Administration Act, 50 U.S.C. App. 2405, as a country supporting international terrorism, engages in a financial transaction with the government of that country, shall be fined under title 18, United States Code, or imprisoned for not more than 10 years, or both.