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A fine or mulct (the latter synonym typically used in civil law) is a penalty of money that a court of law [1] or other authority decides has to be paid as punishment for a crime or other offense.
A civil penalty or civil fine is a financial penalty imposed by a government agency as restitution for wrongdoing. The wrongdoing is typically defined by a codification of legislation , regulations , and decrees .
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
Most of Scandinavia determines some traffic fines based on income. For example, Finland's system for calculating fines starts with an estimate of the amount of spending money a Finn has for one day, and then divides that by two. The resulting number is considered a "reasonable" amount of spending money to deprive the offender of.
The bank has already set aside $3 billion for the fine. Persaud drew a parallel with Wells Fargo, whose earnings have been constrained by a $1.95 trillion asset cap in place following a fake ...
The Transportation Department said Friday it will hit JetBlue Airways with a $2 million penalty for chronically late flights along the East Coast, and half the money will go to passengers who were ...
The Federal Election Commission has fined the campaign fund of a former Illinois congressman $43,475 for failing to refund excess contributions in a timely manner. A letter from the FEC this month ...
Fines are calculated by multiplying the value of a penalty unit by the number of units prescribed for the offence. For example, if a crime was committed in New South Wales worth 100 units, the fine would be 100 × $110 = $11,000. Prior to the introduction of penalty units, fines and other charges were usually prescribed in terms of ordinary money.