Fines

(1) Each minor or serious violation shall be fined separately and the total fine for the series of violations may exceed the maximum of three million dollars prescribed for a serious violation and one million dollars prescribed for a minor (2) Subregulation (1) also applies to cases of continuous minor and serious violations and recidivism. (3) Subject to the maximum of three million dollars prescribed for a serious violation, the Director, by way of a detailed document of notification, shall, for a serious violation, impose a minimum fine equal to the total value of the fishery products obtained from committing such violation or the total value of the damage to the environment, or the amount of US$50,000, whichever is the greater, together with any additional accompanying sanctions. (4) The Director, by way of a detailed document of notification, shall, for a minor violation, impose a fine of not less than US$10,000 and not more than US$ one million dollars together with any additional accompanying sanctions as may be necessary. (5) The overall level of fines and accompanying sanctions shall be determined in such a way as to ensure that they fully deprive the violator(s) of the economic benefit derived from their minor or serious violation(s), or to cover the full cost of their adverse impact on the environment. For this purpose, the interim enforcement measures taken pursuant to Regulation 11(2) of these Regulations shall also be given due consideration. (6) Every person who commits a serious violation shall be subject to a fine of not less than US$50,000 and not more than US$3,000,000. 16 High Seas Fishing (7) Every person who commits a minor violation shall be subject to a fine of not less than US$10,000 and not more than US$1,000,000.