What are the penalties for non-compliance with customs regulations?

The penalties for non-compliance with customs regulations are designed to ensure that businesses adhere to established laws governing the import and export of goods. When a customs broker or any entity fails to comply with these regulations, they can face severe consequences. Fines can be assessed based on the severity of the violation and the potential for harm to trade integrity. Additionally, goods that are not compliant with customs regulations can be seized, meaning that they are taken by customs authorities and may not be released until the situation is resolved, often involving further costs and legal processes.

Revocation of a broker's license is another critical consequence, as it can permanently impact an individual or company's ability to operate within the customs system, severely limiting their business opportunities. This range of penalties emphasizes the importance of compliance and the serious nature of customs laws. Compliance is not only about avoiding fines but also about maintaining authorization to operate as a customs broker, which is fundamental to the business's existence and reputation.

While warnings, increased inspections, and mandatory training may be measures taken to address less severe issues, the most significant penalties for non-compliance directly impact the financial and operational aspects of the business, as noted in the correct choice.