(1) Notwithstanding Part IIIC of the Act of 1942, where a contravention referred to in paragraph (2) has occurred, the Bank may -

(a) following an inquiry under section 33AO of the Act of 1942,

(b) in accordance with section 33AR of the Act of 1942, or

(c) in accordance with section 33AV of the Act of 1942, decide to impose, in addition to the sanctions set out in section 33AQ of the Act of 1942, one or more of the following sanctions:

(i) a public statement that identifies the natural person, CCP, or other legal person responsible and the nature of the contravention concerned;

(ii) subject to paragraph (3), in the case of a legal person, a monetary penalty of up to 10 per cent of the total annual net turnover of that legal person in the preceding business year;

(iii) in the case of a natural person, a monetary penalty of up to €5,000,000;

(iv) a monetary penalty of up to twice the amount of the benefit derived from the contravention where that benefit can be determined;

(v) a direction requiring the natural or legal person responsible to cease the conduct and to desist from a repetition of that conduct;