monetary sanctions

Monetary sanctions are financial penalties imposed as punishment for violating laws or regulations. They serve both as a consequence for wrongdoing and as a deterrent to prevent future violations. These sanctions can take the form of fines, penalties, or financial reparations, and are often enforced by government agencies or courts. The goal is to hold individuals or organizations accountable while encouraging compliance with the law. Essentially, monetary sanctions are a way to ensure that violating a rule results in a tangible financial consequence, promoting adherence to legal standards.