(41)The importance of combating money laundering and terrorist financing should lead Member States to lay down effective, proportionate and dissuasive penalties in national law for failure to respect the national provisions adopted pursuant to this Directive. Provision should be made for penalties in respect of natural and legal persons. Since legal persons are often involved in complex money laundering or terrorist financing operations, sanctions should also be adjusted in line with the activity carried on by legal persons.
◷
New version applies from 04/01/2011 — introduced by Directive 2010/78/EU.
59 provisions change.
Recital 41 changes in this version: compare with the current text.