Regulation 14 Penalties for late reportsI1
United Kingdom
If a UK reporting cryptoasset service provider fails to make a report required under regulation 6(1) on or before the date specified in that paragraph, the UK reporting cryptoasset service provider is liable—
(a)
to a penalty not exceeding £5,000, and
(b)
if the failure continues after notice of assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £600 for each subsequent day on which any of the failures continue.