# The Control of Cash (Penalties) Regulations 2007, Regulation 3: Power to impose penalties

Extent: E+W+S+N.I.

(1) The Commissioners may impose a penalty of such amount as they consider appropriate, not exceeding £5000, on a person failing to comply with article 3 of the Community Regulation (obligation to declare cash of a value of 10,000 euros or more).
(2) Where the Commissioners decide to impose a penalty under this regulation, they must forthwith—
(a) inform the person in writing of their decision to impose the penalty and its amount, of their reasons for imposing the penalty and of the right to appeal to the tribunal; and at the same time
(b) offer the person a review under regulation 4A.
(3) Where a person is liable to a penalty under this regulation, the Commissioners may reduce the penalty to such amount (including nil) as they think proper.

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Source: https://www.legislation.gov.uk/uksi/2007/1509/regulation/3 (the official version)
Page: https://openlegislation.uk/control-of-cash-penalties-regulations-2007/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.