Where a member commits a breach of the Professional Conduct Regulations (PCR) or the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR) ICB shall invoke a Fine, Penalty or Sanction or any combination of these. These actions shall be in relation to a set group of breaches and such fines, penalties and sanctions are laid out in the ICB Disciplinary Sanctions policy.
