Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 756 cases from 32 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.
Click a bar to drill down one level.
Where?
by regionAll jurisdictions
What for?
by action- Fine €170.3m 98 % · 7 cases
- Disgorgement of profits €4.01m 2 % · 1 case
Who?
by company- Xeltox Enterprises Ltd. (Cryptomus) €108.1m 62 % · 1 case
- J.P. Morgan SE €45m 26 % · 1 case
- N26 Bank AG €9.2m 5 % · 1 case
- Banque Audi (Suisse) SA €4.01m 2 % · 1 case
- Varengold Bank AG €3.8m 2 % · 1 case
- Wise US, Inc. €3.59m 2 % · 1 case
- 13010431 Canada Inc. (Necosmart) €434,295 0 % · 1 case
- OTP Bank Nyrt. €130,215 0 % · 1 case
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 1 | €130,215 |
| Q1 2024 | 1 | €4.01m |
| Q2 2024 | 1 | €9.2m |
| Q3 2024 | 0 | — |
| Q4 2024 | 0 | — |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 2 | €7.39m |
| Q4 2025 | 2 | €153.1m |
| Q1 2026 | 1 | €434,295 |
| Q2 2026 | 0 | — |
| Q3 2026 | 0 | — |
8 cases
27 Mar 2026 13010431 Canada Inc. (Necosmart)FINTRAC: 693,742 CAD against crypto service provider Necosmart over missing suspicious transaction reports €434,295
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 693,742.50 CAD on the Edmonton money services business, which also exchanges virtual currencies, for five violations: repeated failure to file suspicious transaction reports, lack of written compliance policies, insufficient enhanced measures for high-risk transactions, lack of a risk assessment and incomplete records of occupation and transactions for crypto exchanges.
Small crypto exchange offices need the same basic framework as banks: risk analysis, policies, enhanced scrutiny and reporting.
Recognising and reporting grounds for suspicion in crypto exchange
- Authority / court
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 14 May 2026
Original amount 693,742.5 CAD, converted at the ECB reference rate of 27 Mar 2026.
- FINTRAC imposes an administrative monetary penalty on 13010431 Canada Inc. Press release of an authority
- Public notice of administrative monetary penalties Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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16 Oct 2025 Xeltox Enterprises Ltd. (Cryptomus)FINTRAC: record penalty of 177 million CAD against crypto payment service Cryptomus €108.1m
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 176,960,190 CAD on the crypto payment service registered in British Columbia. In July 2024 alone, 1,068 suspicious transaction reports were not filed – including on transactions linked to child sexual abuse material, fraud, ransomware and sanctions evasion – as well as 1,518 reports of large virtual currency transactions; in addition, there were violations of a ministerial directive and a lack of policies and risk assessment. The company has appealed to the Federal Court.
Crypto services without a functioning reporting system are sanctioned per report not filed – the total can threaten their existence.
- Authority / court
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Published
- 22 Oct 2025
Original amount 176,960,190 CAD, converted at the ECB reference rate of 16 Oct 2025.
- FINTRAC imposes an administrative monetary penalty on Xeltox Enterprises Ltd. Press release of an authority
- Public notice of administrative monetary penalties Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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13 Oct 2025 J.P. Morgan SEBaFin: 45 million EUR against J.P. Morgan SE over late suspicious activity reports €45m
By decision of 13 October 2025 (final since 30 October 2025), Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 45 million EUR on J.P. Morgan SE because the institution had culpably breached its duty of supervision in the internal processes for filing money laundering suspicious activity reports; from 4 October 2021 to 30 September 2022, suspicious activity reports were systematically not filed on time. BaFin points out that, in the case of systematic infringements, the amount of the fine can be based on the institution's total turnover.
File suspicious activity reports without delay – systematic backlogs in the reporting process are themselves an infringement, and the fine can then be calculated on the basis of the institution's total turnover.
Filing money laundering suspicious activity reports without delay
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- § 130 Abs. 1 OWiG (Aufsichtspflichtverletzung) i. V. m. Pflichten nach dem GwG (Verdachtsmeldungen); Bekanntmachung nach § 57 Abs. 1 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Published
- 6 Nov 2025
- Mängel in der Geldwäscheprävention: Bußgeld in Höhe von 45 Millionen Euro gegen J.P. Morgan SE Press release of an authority
- Bekanntmachung zur J.P. Morgan SE (§ 57 GwG) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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22 Aug 2025 Varengold Bank AGBaFin: 3.3 million EUR fine and penalty payment against Varengold Bank €3.8m
By decision of 22 August 2025, Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 3.3 million EUR because the bank systematically filed suspicious activity reports late from June 2023 to March 2025; in February 2025, a penalty payment of 500,000 EUR had already been imposed for failure to comply with a 2023 order concerning Iran-related transactions (total 3.8 million EUR). In addition, in July 2025 BaFin ordered comprehensive remediation of the deficiencies in money laundering prevention, with an action plan and reporting obligations.
Failing to implement a supervisory order risks penalty payments and a comprehensive package of measures in addition to the fine.
Suspicious activity reports and handling of high-risk transactions
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Bußgeld: § 56 Abs. 1 S. 1 Nr. 69, Abs. 3 GwG; Anordnung: § 51 Abs. 2 GwG, § 44 Abs. 1 KWG; Zwangsgeld: § 14 VwVG i. V. m. § 17 FinDAG; Bekanntmachung nach § 57 Abs. 1 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Repeat case
- yes
- Published
- 16 Sep 2025
- Varengold Bank AG: BaFin ordnet umfassende Mängelbeseitigung in der Geldwäscheprävention an und setzt Geldbuße fest Press release of an authority
- Bekanntmachungen zur Varengold Bank AG (§ 57 GwG) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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9 Jul 2025 Wise US, Inc.Six US states: 4.2 million USD against Wise US over AML programme deficiencies €3.59m
In a coordinated multistate proceeding brought by six states – the New York State Department of Financial Services (NYDFS) with the supervisory authorities of CA, MN, NE, TX and MA – the money transmitter must pay 4.2 million USD. An examination (July 2022 to September 2023) found, among other things, a lack of independent AML reviews at an appropriate frequency, late suspicious activity reports, data quality problems in transaction monitoring and unremedied earlier findings; Wise does not admit any legal infringements and must conduct a lookback.
Remedy findings from earlier examinations and audits on time – otherwise they become a ground for sanctions in their own right.
- Authority / court
- New York State Department of Financial Services (NYDFS) mit den Aufsichtsbehörden von CA, MN, NE, TX und MA
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Bundes- und einzelstaatliches Recht zu Geldtransfer und BSA/AML (u. a. 31 CFR 1022.320)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Remedial measures already initiated and lookback
- Published
- 9 Jul 2025
Original amount 4,200,000 USD, converted at the ECB reference rate of 9 Jul 2025.
- Consent Order – Wise US, Inc. (Multi-State) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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24 Apr 2024 N26 Bank AGBaFin: 9.2 million EUR against N26 over systematically late suspicious activity reports €9.2m
By final decision of 24 April 2024, Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 9.2 million EUR on the neobank because it had systematically filed money laundering suspicious activity reports late in 2022.
Send suspicious activity reports to the FIU without delay – systematically late reporting risks fines running into millions.
Suspicious activity reports without delay
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- § 56 Abs. 1 Nr. 69, Abs. 3 GwG (verspätete Verdachtsmeldungen, § 43 Abs. 1 GwG); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 21 May 2024
- Geldwäscheprävention: BaFin setzt Geldbuße gegen N26 Bank AG fest Press release of an authority
- Bekanntmachung zur N26 Bank AG (§ 57 GwG) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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25 Mar 2024 Banque Audi (Suisse) SAFINMA confiscates 3.9 million CHF in profits from Banque Audi (Suisse) €4.01m
The Swiss Financial Market Supervisory Authority (FINMA) found serious infringements of anti-money laundering rules in PEP relationships: insufficient clarification of the origin of assets, failure to report to the reporting office despite unexplained transaction purposes and a serious breach of the duty to provide information, because a critical internal audit report was not handed over. It confiscated 3.9 million CHF in profits, imposed a capital surcharge of 19 million CHF and a two-year ban on new PEP and high-risk relationships (date of the announcement used as decision date).
Withholding critical audit reports from the supervisory authority considerably aggravates a money laundering case.
PEP clarifications and openness towards the supervisory authority
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Schweizer Geldwäschereirecht; Gewinneinziehung und Auskunftspflicht nach Finanzmarktaufsichtsrecht (laut FINMA)
- Action
- Disgorgement of profits
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 25 Mar 2024
Original amount 3,900,000 CHF, converted at the ECB reference rate of 25 Mar 2024.
- FINMA-Verfahren: Banque Audi (Suisse) SA hat gegen Geldwäschereiregeln verstossen Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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21 Nov 2023 OTP Bank Nyrt.OTP Bank: 49.4 million HUF over late suspicious transaction reports €130,215
The bank did not report several suspicious cases to the financial intelligence unit without delay, its monitoring produced delayed hits owing to incorrectly set filter parameters, and its risk assessment, customer due diligence and documentation of anti-money laundering training showed deficiencies. The Magyar Nemzeti Bank (Central Bank of Hungary, MNB) imposed a total of 49.375 million HUF and set deadlines for remediation by August 2024.
Validate monitoring parameters regularly – and training is expressly among the obligations that are inspected.
Recognising and reporting suspected money laundering in good time
Missing or inadequate training played a role in the decision.
- Authority / court
- Magyar Nemzeti Bank (MNB)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Ungarisches Geldwäschegesetz (Pmt.); Beschluss H-PM-I-B-76/2023
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Culpability
- negligent
- Mitigating circumstances
- The bank had already initiated remedial measures for several of the infringements.
- Published
- 21 Nov 2023
Original amount 49,375,000 HUF, converted at the ECB reference rate of 21 Nov 2023.
- Hiányosságok az OTP Bank pénzmosási bejelentési és belső ellenőrzési rendszerében Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link