---
kind: "section"
citation: "31 C.F.R. § 596.701"
title: "31"
number: "596.701"
heading: "Penalties."
url: "https://uscodex.org/cfr/31/596.701"
---

# §596.701. Penalties.


Attention is directed to [18 U.S.C. 2332d](/usc/18/2332d.md), as added by Public Law 104-132, [section 321](/cfr/31/321.md), 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](/cfr/18.md), United States Code, or imprisoned for not more than 10 years, or both.


## Notes

### Authority

Authority: 18 U.S.C. 2332d; 22 U.S.C. 7201-7211; 31 U.S.C. 321(b).

### Source

Source: 61 FR 43463, Aug. 23, 1996, unless otherwise noted.