Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America, Latin America, Asia-Pacific, Middle East and Africa: 2,033 cases from 44 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by authority- Prudential Authority (PA) der South African Reserve Bank €2.64m 76 % · 3 cases
- Financial Sector Conduct Authority (FSCA) €826,408 24 % · 3 cases
- South African Reserve Bank (SARB) €8,005 0 % · 1 case
What for?
by topicWho?
by company- Capitec Bank Limited €1.49m 43 % · 1 case
- The Standard Bank of South Africa Limited €675,255 19 % · 1 case
- Sanlam Collective Investments (RF) (Pty) Ltd €527,691 15 % · 1 case
- Absa Bank Limited €468,147 13 % · 1 case
- Tana Africa Capital Managers (Pty) Ltd €152,404 4 % · 1 case
- Ninety One Fund Managers SA (RF) (Pty) Ltd €146,313 4 % · 1 case
- Access Forex (Pty) Limited €8,005 0 % · 1 case
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q4 2023 | 0 | – |
| Q1 2024 | 0 | – |
| Q2 2024 | 0 | – |
| Q3 2024 | 0 | – |
| Q4 2024 | 1 | €152,404 |
| Q1 2025 | 1 | €675,255 |
| Q2 2025 | 2 | €614,460 |
| Q3 2025 | 0 | – |
| Q4 2025 | 2 | €535,696 |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 1 | €1.49m |
| Q4 2026 | 0 | – |
7 cases
11 Sep 2026 Capitec Bank LimitedCapitec Bank: ZAR 28m for failings in customer due diligence and training €1.49m
Following a 2023 inspection, the supervisor found inadequate customer due diligence and inadequate enhanced and ongoing due diligence in sampled files, no ongoing training for sampled employees and gaps in the risk management and compliance programme, such as name and payment screening manuals that had not been approved by management before being implemented, and inadequately documented arrangements for terrorist property reporting and financial sanctions. Five cautions and penalties of 28 million ZAR were imposed, of which 5.5 million ZAR is suspended for 36 months from 13 October 2025; the bank had already been sanctioned with 56.25 million ZAR in December 2024. The amount and the facts have not been confirmed against the primary source.
A bank that has already been sanctioned will be judged at the next inspection on full implementation – due diligence and training must demonstrably be in place.
Ongoing due diligence and regular anti-money laundering training
Missing or inadequate training played a role in the decision.
- Authority / court
- Prudential Authority (PA) der South African Reserve Bank
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Sections 21, 21A und 21C i. V. m. 42(1), 42(2)(d), (e), (g) sowie Sections 42 und 43 Financial Intelligence Centre Act 38 of 2001
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- yes
- Mitigating circumstances
- Cooperation in remedying the deficiencies; 5.5 million ZAR suspended for 36 months.
- Published
- 11 Sep 2026
Original amount 28,000,000 ZAR, converted at the ECB reference rate of 11 Sep 2026.
- SARB Media release, 11 September 2026: Prudential Authority imposes administrative sanctions on Capitec Bank Limited Press release of an authority
- SARB/Prudential Authority: Administrative sanctions (Banks), frühere Einträge Capitec Bank Limited (2015 und 20.12.2024) Enforcement database of an authority
- SARB Media release, 20 December 2024: South African Reserve Bank imposes administrative sanctions on Capitec Bank Limited (Vorsanktion, 56,25 Mio. ZAR) Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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17 Oct 2025 Access Forex (Pty) LimitedAccess Forex: ZAR 162,500 on foreign exchange dealer for AML failings €8,005
The authorised dealer in foreign exchange with limited authority (ADLA, a category that includes bureaux de change) had not incorporated key requirements of the FIC Act into its risk management and compliance programme, had failed to identify and verify some customers and had not given its staff adequate training. The penalties amount to 100,000 ZAR (section 42(1)), 37,500 ZAR (section 20) and 25,000 ZAR (section 43), 162,500 ZAR in total. The amount and the facts have not been confirmed against the primary source.
Foreign exchange dealers and bureaux de change, too, must align their compliance programme with all statutory duties and train their staff regularly.
Customer identification and mandatory training at foreign exchange dealers
Missing or inadequate training played a role in the decision.
- Authority / court
- South African Reserve Bank (SARB)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Sections 20, 42(1) und 43 Financial Intelligence Centre Act 38 of 2001
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 17 Oct 2025
Original amount 162,500 ZAR, converted at the ECB reference rate of 17 Oct 2025.
- SARB Press release, 17 October 2025: The South African Reserve Bank imposes administrative sanctions on Access Forex (Pty) Limited, an Authorised Dealer in foreign exchange with limited authority Press release of an authority
- SARB Media release page: Access Forex sanction Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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13 Oct 2025 Sanlam Collective Investments (RF) (Pty) LtdSanlam Collective Investments: ZAR 10.6m for breaches of anti-money laundering duties €527,691
An inspection in March 2024 showed that the manager of collective investment schemes was not applying its risk management and compliance programme (RMCP) effectively, particularly when risk-rating clients, that the programme had substantive gaps, that some clients and their beneficial owners had not been adequately identified and verified, and that the required ongoing and enhanced due diligence was missing. Alongside a directive to remediate and a caution, a penalty of 10.6 million ZAR was imposed, of which 3.6 million ZAR is conditionally suspended for two years; earlier contraventions of other laws were taken into account, including an enforceable undertaking and a penalty under the Collective Investment Schemes Control Act (CISCA). The amount and the facts have not been confirmed against the primary source.
Large group companies are held to higher standards – a documented programme without risk rating in practice does not protect against substantial penalties.
Client risk rating and ongoing and enhanced due diligence
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Sections 42(1), 42(2), 20A, 21, 21A, 21B, 21C, 21E und 21F–21H Financial Intelligence Centre Act 38 of 2001 (FIC Act)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- yes
- Mitigating circumstances
- Remedial action taken to date; 3.6 million ZAR suspended for two years, provided the deficiencies are fully remedied and the obligations are complied with on a sustained basis.
- Published
- 13 Oct 2025
Original amount 10,600,000 ZAR, converted at the ECB reference rate of 13 Oct 2025.
Checked against the official source on 4 Oct 2026 · Direct link
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8 May 2025 Ninety One Fund Managers SA (RF) (Pty) LtdFSCA: allegedly ZAR 3m against Ninety One Fund Managers over flaws in its anti-money laundering programme €146,313
An inspection in September 2023 showed that the fund manager had not effectively implemented its risk management and compliance programme, particularly the risk rating of clients, and had not adequately identified and monitored some clients and beneficial owners on an ongoing basis. In November 2024 the FSCA allegedly imposed a penalty of ZAR 3m, a remediation directive and a caution; following a settlement confirmed by the FIC Act Appeal Board in April 2025, the appeal was withdrawn and ZAR 500,000 was conditionally suspended for three years. The amount and the facts have not been confirmed against the primary source.
A written anti-money laundering programme is not enough if client risk rating is not carried out in line with it in day-to-day practice.
Risk rating of clients and beneficial owners
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Financial Intelligence Centre Act 38 of 2001, ss. 21, 21B, 21C, 42(1), 42(2); Vergleich nach s. 45D(7)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Remedial action; ZAR 500,000 conditionally suspended.
- Published
- 8 May 2025
Original amount 3,000,000 ZAR, converted at the ECB reference rate of 8 May 2025.
Checked against the official source on 4 Oct 2026 · Direct link
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25 Apr 2025 Absa Bank LimitedPA: ZAR 10m against Absa over deficient checks on politically exposed clients €468,147
Following an inspection in 2022, the supervisor objected to inadequate customer due diligence and enhanced due diligence on foreign and domestic politically exposed clients, and to more than 8,500 monitoring alerts not handled within 48 hours. It imposed two cautions, a reprimand and financial penalties of ZAR 10m (7m for customer due diligence, 3m for breaches of Directive 5). The amount and the facts have not been confirmed against the primary source.
Politically exposed clients require documented enhanced due diligence, even where only a few files are concerned.
Enhanced due diligence on politically exposed persons
- Authority / court
- Prudential Authority (PA) der South African Reserve Bank
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Financial Intelligence Centre Act 38 of 2001, ss. 21(1), 21A; FIC Directive 5 of 2019; Regulation 24(3)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Mitigating circumstances
- The bank's cooperation and remedial action.
- Published
- 25 Apr 2025
Original amount 10,000,000 ZAR, converted at the ECB reference rate of 25 Apr 2025.
- SARB: Prudential Authority imposes administrative sanctions on Absa Bank Limited (25.04.2025) Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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24 Jan 2025 The Standard Bank of South Africa LimitedPA: ZAR 13m against Standard Bank over late reports to the FIC €675,255
Following an inspection in 2022, the supervisor found that the bank had filed 17,259 suspicious transaction reports and 1,466 cash transaction reports late and failed to file one suspicious report at all, had not recorded the submission dates of 43 suspicious reports, omitted ongoing due diligence on two clients and not handled some 75,700 monitoring alerts on time. Sanction: six cautions and financial penalties totalling ZAR 13m (4m for late suspicious reports, 1m for the missing report, 8m for breaches of Directive 5). The amount and the facts have not been confirmed against the primary source.
Identifying suspicious cases but not reporting them on time breaches the reporting duty just as not reporting at all does; reporting processes need capacity and deadline control.
Timely suspicious and cash transaction reporting
- Authority / court
- Prudential Authority (PA) der South African Reserve Bank
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Financial Intelligence Centre Act 38 of 2001, ss. 21C, 23(c), 28, 29; FIC Directive 5 of 2019; Regulation 24(3)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Mitigating circumstances
- The bank's cooperation and remedial action.
- Published
- 24 Jan 2025
Original amount 13,000,000 ZAR, converted at the ECB reference rate of 24 Jan 2025.
- SARB: Prudential Authority imposes administrative sanctions on The Standard Bank of South Africa Limited (24.01.2025) Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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21 Nov 2024 Tana Africa Capital Managers (Pty) LtdFSCA: ZAR 2.9m against Tana Africa Capital Managers, upheld by the Appeal Board €152,404
An inspection showed that the asset manager's risk management and compliance programme was deficient and not effectively implemented, and that client data was not screened against the UN Security Council targeted financial sanctions lists. The FSCA imposed ZAR 2.9m, of which ZAR 1m is conditionally suspended for three years; on 6 November 2024 the FIC Act Appeal Board dismissed the appeal against the amount and held that reliance on an external compliance adviser does not relieve an institution of responsibility. The amount and the facts have not been confirmed against the primary source.
A firm that outsources compliance to an external provider remains responsible for meeting its anti-money laundering duties itself, even with just a single client.
Sanctions list screening and accountability despite external compliance advice
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Financial Intelligence Centre Act 38 of 2001, ss. 42(1), 42(2) i. V. m. s. 21(1); s. 28A i. V. m. ss. 26A–26C
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- ZAR 1m conditionally suspended for three years.
- Published
- 21 Nov 2024
Original amount 2,900,000 ZAR, converted at the ECB reference rate of 21 Nov 2024.
Checked against the official source on 4 Oct 2026 · Direct link