C.F.R. » Title 31 » CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY › PART 501—REPORTING, PROCEDURES AND PENALTIES REGULATIONS › Subpart D—Trading With the Enemy Act (TWEA) Penalties

31 C.F.R. § 501.708

Director's finding of no penalty warranted

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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.