Art. 30 Publication of sanctions and measures | Transfer of funds regulation (TFR) | AML

This article deals with the publication of administrative sanctions and measures by competent authorities.

It directly connects to Articles 28 and 29 of this Regulation, which set out the framework for sanctions and the specific breaches they cover.

Article 30 essentially operationalises the transparency dimension of that sanctions regime by requiring competent authorities to make their enforcement actions public, in line with the broader disclosure framework established under Directive (EU) 2015/849.

Important points:

Competent authorities are required to publish administrative sanctions and measures imposed for breaches covered under Articles 28 and 29 without undue delay.
Publications must include the type and nature of the breach, as well as the identity of the persons responsible.
Publication is subject to a case-by-case evaluation of whether doing so is necessary and proportionate.

In order to improve compliance with this Regulation, and in accordance with the Commission Communication of 9 December 2010 entitled ‘Reinforcing sanctioning regimes in the financial services sector’, the power to adopt supervisory measures and the sanctioning powers of competent authorities should be enhanced. Administrative sanctions and measures should be provided for and, given the importance of the fight against money laundering and terrorist financing, Member States should lay down sanctions and measures that are effective, proportionate and dissuasive. Member States should notify the Commission and the permanent internal committee on anti-money-laundering and countering terrorist financing referred to in Article 9a(7) of Regulation (EU) No 1093/2010 thereof.

Article 30 Publication of sanctions and measures

Relevant recitals