financial penalties

How Are Financial Penalties Determined?

The amount and nature of financial penalties are often determined by several factors, including:
Severity of the Violation: More severe violations typically attract higher penalties.
Frequency of Offenses: Repeat offenders may face escalating penalties.
Financial Impact: The financial status and size of the business may influence the penalty amount.
Intent: Whether the violation was intentional or accidental can affect the penalty.
Cooperation: Businesses that cooperate with investigations may receive reduced penalties.

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