It might be my slightly perverted world view, but I can't see what difference that "remorse" has on it.
"Yeah, I defrauded HRMC of £3.6bn of revenue, but I am geninuely sorry"
"Oh, that's fine, just pay £2.50."
"Ok if that makes amends it seems fair..."
Really, it is stupid, plus the law discriminates against pyscopaths who can't show remorse