Source: OJ L 150, 9.6.2023, pp. 1–39Current language: EN
- Anti-money laundering
Basic legislative acts
- Transfer of funds regulation (TFR)
Article 30 Publication of sanctions and measures
In accordance with Article 60(1), (2) and (3) of Directive (EU) 2015/849, the competent authoritiesmeans:a Financial Intelligence Unit (FIU);a supervisory authority;a public authority that has the function of investigating or prosecuting money laundering, its predicate offences or terrorist financing, or that has the function of tracing, seizing or freezing and confiscating criminal assets;a public authority with designated responsibilities for combating money laundering or terrorist financing; shall publish administrative sanctions and measures imposed in the cases referred to in Articles 28 and 29 of this Regulation without undue delay, including information on the type and nature of the breach and the identity of the persons responsible for it, if necessary and proportionate after a case-by-case evaluation.
Relevant recitals
Recital 55 Enhanced sanctioning powers to improve compliance
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 authoritiesmeans:a Financial Intelligence Unit (FIU);a supervisory authority;a public authority that has the function of investigating or prosecuting money laundering, its predicate offences or terrorist financing, or that has the function of tracing, seizing or freezing and confiscating criminal assets;a public authority with designated responsibilities for combating money laundering or terrorist financing; should be enhanced. Administrative sanctions and measures should be provided for and, given the importance of the fight against money launderingmeans the money laundering activities referred to in Article 1(3) and (4) of Directive (EU) 2015/849; and terrorist financingmeans terrorist financing as defined in Article 1(5) of Directive (EU) 2015/849;, 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 financingmeans terrorist financing as defined in Article 1(5) of Directive (EU) 2015/849; referred to in Article 9a(7) of Regulation (EU) No 1093/2010 thereof.
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