Any person who is in breach of the above, i.e. carries out a transaction in excess of the aforementioned cash limit of €10,000 would be guilty of a crime and liable, on conviction, to a fine (multa) of not less than 40% of the sum paid, received, or otherwise transacted in cash in excess of €9,999.99, or its equivalent in any other currency.
Should the person in contravention of these Regulations be a director, manager or other officer that exercises executive functions in a company or other undertaking, or body of persons, such a person can be held liable in solidum with the company, undertaking or body of persons in case of any such breach.