Sanctions published under Article 20.2 L.132/2023
Regarding the publication of administrative sanctions imposed by the Central Bank, Article 20, paragraph 2, of Law No. 132 of September 15, 2023, stipulates that:
"Unless a 20-year statute of limitations has passed, as referred to in the preceding paragraph, the Central Bank of the Republic of San Marino, in the interest of Your Excellency's Chamber as the final recipient of the sums, shall, by December 31, 2023, publish on its website the details of the administrative pecuniary sanctions imposed and that have become final no later than December 31, 2020 but have not yet been collected, regardless of whether they have been registered, their amount and the place of residence of the sanctioned person, where not already subject to publication pursuant to Article 32 of Law No. 96 of June 29, 2005 as amended.
Administrative pecuniary sanctions that have become final after the date of December 31, 2020, where likewise not yet collected and not already published, and regardless of their amount, the registration of the same and the place of residence of the sanctioned person, are likewise subject to publication on the website of the Central Bank of the Republic of San Marino by the end of the third calendar year following the year in which they became final."
In line with the above, the Central Bank has prepared the following summary table.
The methodological principles applied to each detail of the administrative sanctions published here are as follows:
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"measure date": the date given in the act of imposing the sanction;
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"sanction imposed": total amount of the sanction, stated in the aforementioned act of imposition (regardless of the higher amount entered in the register);
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"sanction not yet collected": portion of the amount referred to in the preceding point that still remains as unpaid (regardless of the different tax debt);
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"sanctioned party": surname/first name of the individual or company name where directly sanctioned (regardless of any joint and several liability);
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"sanctioning norm": primary-ranking provisions under which the sanction was imposed;
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"reference legal person": in the cases of individuals sanctioned, in order to make them distinguishable from any homonyms, the name of the legal person by virtue of whose membership (by role, office or function) the person was sanctioned has also been indicated;
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"notes": any additional useful information on the sanctioning measure.
In the annual update of the summary table published here, any additional sanctions that become eligible for publication under the above rule will be included chronologically. It is understood that, on a monthly basis, with reference to the end of the previous calendar month, the summary table will be updated to reflect any payments made:
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take into account the aforementioned payments, when partial;
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delete penalties, when fully collected, thus in advance of the expiration of the 5 years referred to in the first paragraph of the aforementioned Article 32 of Law No. 96/2005, as amended.
Penalties published ex art.20.2 L.132/2023 - Last updated: March 31, 2025