Article 68 — Penalties

Financial crimeLevel 1RegulationAMLRApplies from 10 Jul 2027Official source

1.Member States shall lay down rules on the penalties applicable to breaches of the provisions of this Chapter and shall take all measures necessary to ensure that they are implemented. The penalties provided for shall be effective, proportionate and dissuasive.

Member States shall by 10 January 2025 notify the Commission of those rules on penalties together with their legal basis and shall notify it, without delay, of any subsequent amendment affecting them.

Copy link

68(2)

2.By 10 July 2026, the Commission shall adopt delegated acts in accordance with Article 85 to supplement this Regulation by defining:

Copy link

68(2)(a)

(a)the categories of breaches that are subject to penalties and the persons liable for such breaches;

Copy link

68(2)(b)

(b)indicators to classify the level of gravity of breaches that are subject to penalties;

Copy link

68(2)(c)

(c)the criteria to be taken into account when setting the level of penalties.

Copy link

The Commission shall regularly review the delegated act referred to in the first subparagraph to ensure that it identifies the relevant categories of breaches and that the related penalties are effective, dissuasive and proportionate.