Article 20

Path:
Wire Transfer Regulation (WTR) > CHAPTER IV > Article 20
Title:
Article 20
Description:
Application of sanctions and measures by the competent authorities
Main content:

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

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