Factors to be considered by supervisory authority

in determining the administrative penalty to be imposed on a DNFBP, other than a late payment penalty, the supervisory (a) shall take into account the following factors– (i) the nature and seriousness of the contravention committed by the (ii) whether the DNFBP has previously committed a disciplinary violation and if so, the number and seriousness of the DNFBP’s previous disciplinary (iii) whether the disciplinary violation was deliberate or reckless or caused by the negligence of the DNFBP; (iv) whether any loss or damage has been sustained by third parties as a result of the disciplinary violation; (v) whether there has been any gain to the DNFBP as a result of the disciplinary violation; and (vi) the ability of the DNFBP to pay the penalty; and (b) may take into account such other matters as it considers appropriate. Money Laundering and 30 Terrorism (Prevention)