As Cyprus stood on the brink of financial collapse early last year, with the spectre of an unprecedented levy being imposed on the country's bank deposits among the conditions of its €17 billion ($21 billion) bail out, the future for the Mediterranean island and its citizens looked grim.
The Templars were victims of their own success: they had been granted the right to operate, during the era of the Crusades, with unprecedented freedom, levying taxes and growing rich by establishing some of Europe's first banks.
The abuse scandal rocked Penn State, bringing down football coach Joe Paterno and leading college sports' governing body, the NCAA, to levy unprecedented sanctions against the university's football program.
The league has made rule changes designed to reduce injuries; altered its procedures for allowing the resumption of play in games and practices after head injuries; and levied unprecedented suspensions and fines as punishment for what it said was a bounty system used by the New Orleans Saints to reward players for debilitating hits.
After the Jerry Sandusky child sexual abuse scandal, the N.C.A.A. levied unprecedented penalties against Penn State and its football program — a four-year postseason ban, the loss of 10 scholarships each year, a vacating of all victories since 1997 and a $60 million fine.
Last month, the Federal Reserve levied an unprecedented penalty against the bank, blocking its ability to expand.
The Federal Reserve also levied an unprecedented penalty against the bank, blocking its ability to expand.
A pro-independence activist is slated to address the city's Foreign Correspondents' Club on Tuesday to discuss government efforts to levy an unprecedented ban against his party.
Given the consequences of non-compliance (evidenced by unprecedented AML-related penalties levied against the industry in the past few years), institutions should begin their implementation efforts as soon as possible, based on the proposed requirements and industry best practices.
For this reason, the two World Wars ushered in an era of unprecedented tax progressivity, with higher income taxes, inheritance taxes and sometimes one-off levies on top wealth holders.
