Compliance · Question 9 of 12
Which consequences of compliance violations go beyond monetary fines?
2 answers are correct. Medium
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Answer
- A Contractual penalties or termination by customers
- C Loss of licenses or authorizations
Explanation
Besides fines, there may be, for example, the withdrawal of a banking license, exclusion from tenders, sanctions, contractual penalties and terminations. Reputational damage often lasts the longest.