And to the national sanctions, international ones can also be added

[nurmohammadkhan]

The interesting thing is that the distribution of sanctions was quite transversal, affecting first and foremost the telecommunications sector , as well as the services sector, trade and production activities, the banking , financial and insurance sector and the Public Administration.

These sanctions are then added to those specific to each business area: for el salvador whatsapp resource example, in the second half of 2020 alone, IVASS (Institute for Insurance Supervision) recorded 36 pecuniary sanctioning measures , for a total of almost 2 million euros in sanctions, linked to non-compliance or irregularities.

As in the case of the banking sector: the European Central Bank's Annual Report on supervisory activities for 2020 , in fact, reports that "following the requests to initiate proceedings previously made by the ECB and after having assessed the individual cases in accordance with national legislation, in 2020 the NCAs imposed three pecuniary sanctions for a total of 6.8 million euros".

This brief and certainly incomplete overview allows us to make two considerations: first of all, it makes us understand how the issue of simplifying the management of obligations concerns all economic players beyond the sector of competence and, secondly, that precisely because of the transversality of the issue, all sectors present the same need to implement RegTech solutions that reduce the risk of sanctions and that above all simplify the life of companies when it comes to compliance.