Section 83(1)
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 · United Kingdom
When determining the type of sanction, and level of any penalty, to be imposed on a person (“P”) under regulation 76 or 78, the Commissioners must take into account all relevant circumstances, including where appropriate— the gravity and the duration of the contravention or failure; the degree of responsibility of P; the financial strength of P; the amount of profits gained or losses avoided by P; the losses for third parties caused by the contravention or failure; the level of co-operation of P with the Commissioners; previous contraventions or failures by P; and any potential systemic consequences of the contravention or failure.
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Source: legislation.gov.uk · retrieved 2026-09-04