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2023 Annual Increases to OFAC, ITAR and EAR Civil Penalties Announced

January 19, 2023

The annual ritual of adjusting civil monetary penalties for violations of U.S. export control and sanctions programs upwards for inflation is here. Here are the new numbers for: (i) the Department of Treasury, Office of Foreign Assets Control (“OFAC”), which administers U.S. financial sanctions programs; (ii) the Department of Commerce, Bureau of Industry and Security (“BIS”), which administers the Export Administration Regulations (“EAR”); and (iii) the Department of State, Directorate of Defense Trade Controls (“DDTC”), which administers the International Traffic in Arms Regulations (“ITAR”).

To read the full advisory, please click the PDF link below.

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2023 Annual Increases to OFAC, ITAR and EAR Civil Penalties Announced

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