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What are administrative monetary penalties?

April 26, 2017administrative monetary penalties

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What are administrative monetary penalties?

2 Answers

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Administrative monetary penalties (AMPs) are civil penalties or fines that may be issued in response to non compliance with the PCMLTFA and related regulations.

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Administrative monetary penalties (AMPs) are civil penalties or fines that may be issued in response to non compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related regulations.