Part 8Financial sanctions
Civil sanctions
149Monetary penalties: supplementary
(1)
The Treasury must issue guidance as to—
(a)
the circumstances in which it may consider it appropriate to impose a monetary penalty under section 146 or 148, and
(b)
how it will determine the amount of the penalty.
(2)
The Treasury must, at such intervals as it considers appropriate, publish reports about the imposition of monetary penalties under section 146 or 148.
F1(3)
The Treasury may also publish reports at such intervals as it considers appropriate in cases where—
(a)
a monetary penalty has not been imposed under section 146 or 148, but
(b)
the Treasury is satisfied, on the balance of probabilities, that a person has breached a prohibition, or failed to comply with an obligation, that is imposed by or under financial sanctions legislation.