Fine, penalty; administrative fine, penitent fee

In general, the penalty imposed by an authority; in the narrower sense, in Germany, the payment ordered for a violation of rules in road traffic. – In the financial sector, fines imposed by supervisory authorities to punish violations of supervisory regulations. The persons concerned can – first apply for an opposition procedure against fines imposed by the Federal Financial Supervisory Authority; if the opposition is rejected, – they can appeal to the ordinary courts. – In the past, the payment imposed on a confessor to compensate for damage done to the body and property of fellow human beings. – See indulgence money, amende, settlement order, confession money, continuance money, heel money, measure in case of danger, penalty money, special examination, warning, prohibition, penalty payment. – Cf. BaFin Annual Report 2012, p: 209 (explanation of the fine procedure), BaFin Annual Report 2013, p. 117 (overview of fine procedures), pp. 189 (fine guidelines) as well as the respective BaFin Annual Report; there, in each case, an overview in the chapter “Supervision of Banks, Financial Service Providers and Payment Institutions” as well as also in the chapter “Supervision of Securities Trading and Investment Business individual cases and also report on legal remedies against measures taken by the authority.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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