StacksVerified U.S. regulatory reference

31 CFR §535.704

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (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.
  2. (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.