Article 31 Application of sanctions and measures by competent authorities

When determining the type of administrative sanctions or measures and the level of administrative pecuniary sanctions, 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 take into account all relevant circumstances, including those listed in Article 60(4) of Directive (EU) 2015/849.

As regards administrative sanctions and measures imposed in accordance with this Regulation, Article 62 of Directive (EU) 2015/849 shall apply.