Regulation 16 Penalties for failure to provide notification to reportable users and reportable personsI1
United Kingdom
If a UK reporting cryptoasset service provider fails to comply with regulation 8 (notification to reportable users and reportable persons), the UK reporting cryptoasset service provider is liable—
(a)
to a penalty not exceeding £100 for each reportable person in respect of which one or more failures have occurred, and
(b)
if any of the failures continue after notice of an assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £100 for each subsequent day on which any of the failures continue.