There are currently no known outstanding effects for the The Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024, Section 9.
9.—(1) The amount of the penalty under regulation 5(1) for breach of a prohibition or failure to comply with an obligation imposed by or under trade sanctions regulations is to be such amount as the Secretary of State may determine, but it may not exceed the permitted maximum.
(2) Where it is possible to estimate the value of the breach of the prohibition or failure to comply with the obligation specified in regulation 5(1), the permitted maximum is the greater of—
(a)£1,000,000, and
(b)50% of the estimated value of the breach or failure to comply.
(3) In any other case, the permitted maximum is £1,000,000.
Commencement Information
I1Reg. 9 in force at 10.10.2024, see reg. 1(2)
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