The Banking Surveillance of N.B.R. – A Component of International Regulations

Abstract

In their positive form, sanctions are a powerful tool of social control. A sanction is imposed through the coercive powers of the state. A sanction comprises the consequences of failing to comply with regulations and is defined as the measures that competent authorities of the state can take against persons in violation of legal provisions or against individuals failing to comply with the requirements of the law. Sanctions are always presented in the final chapter of the law and their goal is to re-establish order, to discourage future law-breaking, and to rehabilitate those found guilty.