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.
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When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 0 | — |
| Q1 2024 | 1 | €4.01m |
| Q2 2024 | 3 | €9.21m |
| Q3 2024 | 0 | — |
| Q4 2024 | 0 | — |
| Q1 2025 | 2 | €1.06m |
| Q2 2025 | 2 | €2.13m |
| Q3 2025 | 3 | €10.7m |
| Q4 2025 | 3 | €45.4m |
| Q1 2026 | 3 | €944,000 |
| Q2 2026 | 0 | — |
| Q3 2026 | 2 | €240,000 |
19 cases
20 Aug 2026 Tax adviser uses firm's account for third-party payments: 30,000 EUR FMA penalty upheld €30,000
From December 2022, an auditor and tax adviser processed payments of another limited company totalling around 1.26 million EUR through the bank account of his tax advisory company, which was held as an own account, without disclosing this to the bank – according to the court, deliberately in order to avoid a compliance review. The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) upheld the fine of 30,000 EUR imposed on him by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 27 November 2025, in his capacity as managing director of the account-holding company, which is liable for the penalty; an ordinary appeal on points of law is not admissible.
Customers also have obligations under anti-money laundering law: anyone channelling third-party funds through an own account must disclose this to the bank.
Disclosure obligations as a bank customer for trust and pass-through payments
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 27.11.2025
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 6 Abs. 3 FM-GwG (Offenlegung des Handelns auf fremde Rechnung) i. V. m. § 34 Abs. 5 FM-GwG; § 9 Abs. 1 und 7 VStG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Other
- Culpability
- intentional
- Liability of senior managers
- Fine imposed on the managing director personally; liability of the company under Section 9(7) VStG (Austrian Administrative Penal Act)
- BVwG W607 2331234-1 vom 20.08.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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10 Jul 2026 Volksbank Düsseldorf Neuss eGBaFin: 210,000 EUR against Volksbank Düsseldorf Neuss over monitoring and reporting gaps €210,000
Germany's Federal Financial Supervisory Authority (BaFin) imposed fines totalling 210,000 EUR on the cooperative bank: business relationships were not monitored on an ongoing basis or with enhanced scrutiny, additional information was not obtained and suspicious activity reports were not filed or were filed late. The function of the money laundering reporting officer had been outsourced to an external service provider with several clients.
Institutions that outsource the anti-money laundering function remain responsible themselves for ongoing monitoring and timely suspicious activity reports.
Ongoing monitoring of business relationships and suspicious activity reporting
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 56 Abs. 1 S. 1 Nr. 20, 36, 38 und 69 GwG; Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 17 Sep 2026
- Volksbank Düsseldorf Neuss eG: Bafin setzt Bußgelder fest Press release of an authority
- Bekanntmachung zur Volksbank Düsseldorf Neuss eG (§ 57 GwG) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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27 Feb 2026 MBaer Merchant Bank AGFINMA withdraws MBaer Merchant Bank's licence over serious anti-money laundering deficiencies Order
Following enforcement proceedings, the Swiss Financial Market Supervisory Authority (FINMA) found serious, systematic deficiencies in anti-money laundering due diligence, organisation and risk management; the bank enabled clients to circumvent official asset freezes and executed transactions for sanctioned persons. FINMA had withdrawn the bank's licence and ordered its liquidation; with the withdrawal of the appeal before the Federal Administrative Court, the orders took effect on 27 February 2026. The day before, FinCEN had proposed designating the bank as an institution of primary money laundering concern.
Systematic anti-money laundering and sanctions deficiencies can cost a bank its licence – not just money.
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Schweizer Geldwäschereirecht und Bankenaufsichtsrecht (laut FINMA)
- Action
- Order
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 50 to 249
- Published
- 27 Feb 2026
- FINMA-Verfahren: MBaer Merchant Bank AG in Liquidation Press release of an authority
- Massnahmen bei MBaer Merchant Bank AG Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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20 Feb 2026 BVwG reduces FMA penalty against private bank over unclarified beneficial owners €356,000
From 2017 to 2020, an Austrian bank specialising in private and investment banking had not adequately examined the ownership and control structure of an offshore holding client despite the lack of evidence on shareholders, trust arrangements and beneficial owners. The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) confirmed the infringement but reduced the additional penalty imposed by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 17 December 2024 from 476,000 to 356,000 EUR (total penalty 436,000 EUR less FMA penalties already paid), because the FMA had taken the seriousness of the offence into account twice and the bank had cooperated, admitted its errors and terminated the client relationship; an appeal on points of law has been permitted.
For offshore holdings with trustees, prove the beneficial owner with supporting documents – a self-declaration is not enough.
Identifying beneficial owners in holding and trust structures
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 17.12.2024
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 9 Abs. 1 erster Satz i. V. m. § 6 Abs. 1 Z 2 FM-GwG; § 35 Abs. 1 und 3 i. V. m. § 34 Abs. 1 Z 2 und Abs. 2 FM-GwG; § 22 Abs. 9 FMABG (Zusatzstrafe)
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Financial services and insurance
- Culpability
- negligent
- Mitigating circumstances
- Reduction by the court because the wrongfulness of the offence had been counted twice, cooperation, admission of the facts and of guilt, and termination of the client relationship
- BVwG W204 2306222-1 vom 20.02.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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17 Feb 2026 BVwG upholds 588,000 EUR FMA penalty against major bank over incorrect risk classification €588,000
The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) dismissed the appeal of a listed major Austrian bank and upheld the fine of 588,000 EUR (plus 58,800 EUR in procedural costs) imposed by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 19 November 2024. From 2017 to 2020, the bank had not adequately risk-classified three business relationships and had disregarded sector risks such as gambling and precious metals trading as well as cash intensity; an appeal on points of law has been permitted.
Customers from gambling or precious metals trading with a high share of cash belong in a higher risk class – otherwise the enhanced obligations are missing.
Risk classification of cash-intensive high-risk sectors
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 19.11.2024
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 6 Abs. 5 i. V. m. § 34 Abs. 1 Z 2 und § 35 Abs. 1–3 FM-GwG
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- BVwG W204 2304676-1 vom 17.02.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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16 Dec 2025 Hardeck Möbel GmbH & Co. KGFurniture retailer Hardeck: 379,503 EUR fine for breach of AML due diligence obligations €379,504
The Arnsberg regional government (Bezirksregierung Arnsberg), as anti-money laundering supervisor for the non-financial sector, imposed a fine of 379,503.50 EUR, final since 16 December 2025, on the furniture retailer as a dealer in goods for breach of due diligence obligations under the German Money Laundering Act (Geldwäschegesetz, GwG). Karl-Ernst Hardeck is named as the person responsible for the company.
Furniture retailers, as dealers in goods, are also obliged entities under the GwG – breaches of due diligence obligations can trigger six-figure fines.
Identification for cash payments in the trade in goods
- Authority / court
- Bezirksregierung Arnsberg (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Retail and e-commerce
- Liability of senior managers
- The announcement names Karl-Ernst Hardeck as the person responsible for the infringement
- Bekanntmachung nach § 57 GwG – Bezirksregierung Arnsberg Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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28 Oct 2025 Landesbank Hessen-Thüringen Girozentrale (Helaba)BaFin: fine against Helaba over inadequate monitoring systems for money laundering prevention €20,000
By decision of 28 October 2025 (final since 7 November 2025), Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 20,000 EUR because, from October 2022 to September 2023, the Landesbank operated data processing systems for money laundering prevention that were only partially adequate. Under the German Banking Act (KWG), the criteria by which monitoring identifies suspicious transactions must be documented, and the systems must be checked regularly by an independent auditor.
Transaction monitoring needs documented indicators and a regular independent quality review – the mere existence of software is not enough.
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- § 56 Abs. 2 Nr. 11b KWG (Betrieb angemessener Datenverarbeitungssysteme zur Geldwäscheprävention)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 10 Dec 2025
- Mangelhafte Geldwäscheprävention: BaFin setzt Bußgeld gegen die Landesbank Hessen-Thüringen Girozentrale fest Press release of an authority
- Bekanntmachung zur Landesbank Hessen-Thüringen Girozentrale Official register or notice
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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22 Aug 2025 Bank J. Safra Sarasin AGBank J. Safra Sarasin: 3.5 million CHF fine for money laundering in the Petrobras complex €3.73m
Between 2011 and 2014, the bank did not take all the necessary organisational precautions, with the result that bribes flowed to Petrobras executives through several account relationships (around 71 million USD in attempted or completed aggravated money laundering). Fine of 3.5 million CHF; because of a settlement of 16 million CHF with Petrobras, the Office of the Attorney General of Switzerland (Bundesanwaltschaft, OAG) waived a compensation claim. A former asset manager was separately given a suspended prison sentence.
Unusual payment flows involving clients close to PEPs must be escalated and, if necessary, rejected – responsibility lies with the bank as an organisation.
Anti-money laundering and PEP clients
- Authority / court
- Bundesanwaltschaft
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Art. 102 Abs. 2 StGB i. V. m. Art. 305bis Abs. 1 und 2 StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Time elapsed since the offence, organisational corrective measures after the affair became known; no compensation claim because of the payment of 16 million CHF to Petrobras.
- Liability of senior managers
- A former asset manager was separately given a suspended prison sentence of six months for aggravated money laundering (offences committed at another Swiss bank).
- Published
- 22 Aug 2025
Original amount 3,500,000 CHF, converted at the ECB reference rate of 22 Aug 2025.
- Bundesanwaltschaft verurteilt Bank J. Safra Sarasin AG (Strafbefehl) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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22 Aug 2025 J.P. Morgan (Suisse) SAJ.P. Morgan (Suisse): 3 million CHF fine in the 1MDB complex for deficient anti-money laundering controls €3.2m
Between October 2014 and July 2015, around 174 million CHF from predicate offences in the 1MDB complex passed through the bank in 43 transfers, even though negative information about the Petrosaudi managers involved was publicly available. The Office of the Attorney General of Switzerland (Bundesanwaltschaft) convicted the bank by summary penalty order and imposed 3 million CHF; a compensation claim was waived because the 1MDB fund is being compensated as a private claimant.
Publicly available negative information about clients must feed into the risk assessment and be capable of stopping transactions.
Customer due diligence and adverse media screening
- Authority / court
- Bundesanwaltschaft
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Art. 102 Abs. 2 StGB i. V. m. Art. 305bis Abs. 1 und 2 StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Time elapsed since the offence, very good cooperation in the proceedings, compensation of the private claimant (1MDB).
- Published
- 22 Aug 2025
Original amount 3,000,000 CHF, converted at the ECB reference rate of 22 Aug 2025.
- Fall 1MDB: Bank JP Morgan Suisse mit Strafbefehl verurteilt Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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20 Jun 2025 Saxony: 7,000 EUR fine against art dealer over due diligence obligations and risk management €7,000
The Saxony State Directorate (Landesdirektion Sachsen), as anti-money laundering supervisor for the non-financial sector, imposed a fine of 7,000 EUR on an art dealer, announced in anonymised form, for breaches of the due diligence obligations and risk management requirements under the German Money Laundering Act (GwG). The authority had previously issued several orders on risk management in the art trade, backed by the threat of penalty payments.
Art dealers need a written risk analysis and must identify buyers for transactions of 10,000 EUR or more.
AML obligations in the art trade
- Authority / court
- Landesdirektion Sachsen (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten, Risikomanagement); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Retail and e-commerce
- Bekanntmachungen gemäß § 57 GwG – Landesdirektion Sachsen (lfd. Nr. 36) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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17 Jun 2025 Banque Pictet et Cie SABanque Pictet: 2 million CHF fine for laundering Petrobras bribes €2.13m
Between 2010 and 2013, an asset manager at the bank validated 54 transfers through which bribes of around 4.1 million USD connected with SBM Offshore's charter contracts with Petrobras were concealed. The bank had not classified high-risk accounts as such and had inadequately monitored transfers; the Office of the Attorney General of Switzerland (Bundesanwaltschaft) imposed a fine of 2 million CHF, and the former employee received a suspended prison sentence.
Risk classification and transaction monitoring must take effect before individual relationship managers approve payments.
High-risk clients and transaction monitoring
- Authority / court
- Bundesanwaltschaft
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Art. 102 Abs. 2 StGB i. V. m. Art. 305bis und Art. 322septies StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Time elapsed since the offence, very good cooperation, organisational corrective measures after the Petrobras affair became known.
- Liability of senior managers
- Former asset manager: suspended prison sentence of six months (probation period of two years).
- Published
- 17 Jun 2025
Original amount 2,000,000 CHF, converted at the ECB reference rate of 17 Jun 2025.
- Banque Pictet et Cie SA und ehemaliger Vermögensverwalter per Strafbefehl verurteilt Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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27 Feb 2025 Morgan Stanley (Switzerland) GmbHMorgan Stanley (Switzerland): 1 million CHF fine for organisational deficiency in money laundering case €1.06m
In 2010, the company's legal predecessor did not take all necessary and reasonable organisational precautions to prevent a relationship manager from committing aggravated money laundering with assets derived from bribery offences in Greece. The Office of the Attorney General of Switzerland (Bundesanwaltschaft) concluded the proceedings with a summary penalty order of 1 million CHF.
Under corporate criminal law, organisational deficiencies do not become time-barred when the employee leaves – controls must be demonstrably effective.
- Authority / court
- Bundesanwaltschaft
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Art. 102 Abs. 2 StGB i. V. m. Art. 305bis StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 27 Feb 2025
Original amount 1,000,000 CHF, converted at the ECB reference rate of 27 Feb 2025.
- Bundesanwaltschaft schliesst Strafuntersuchung gegen Morgan Stanley (Switzerland) GmbH mit Strafbefehl ab Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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15 Jan 2025 Saxony: fine against estate agent for breach of AML due diligence obligations €800
The Saxony State Directorate (Landesdirektion Sachsen), as anti-money laundering supervisor for the non-financial sector, imposed a fine of 800 EUR on an estate agent, announced in anonymised form, for breach of the due diligence obligations under the German Money Laundering Act (GwG). The list of announcements shows numerous further fines and reprimands against agents ranging from 50 to 5,000 EUR.
Estate agents must identify both contracting parties in good time – even small offices are subject to active anti-money laundering supervision.
Identification of contracting parties in property brokerage
- Authority / court
- Landesdirektion Sachsen (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Construction and real estate
- Bekanntmachungen gemäß § 57 GwG – Landesdirektion Sachsen (lfd. Nr. 29) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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18 Jun 2024 HSBC Private Bank (Suisse) SAFINMA: HSBC Private Bank (Suisse) breached anti-money laundering rules for two PEPs Order
The Swiss Financial Market Supervisory Authority (FINMA) found that, for two politically exposed persons, the bank insufficiently clarified the origin and purpose of assets – transactions of more than 300 million USD from a Lebanese state institution between 2002 and 2015 – and only reported them to the reporting office in September 2020. It ordered a review of all PEP relationships, a ban on new PEP relationships until the review is completed and the appointment of an audit agent; the decision was not final at the time of publication (date of the announcement used as decision date).
In PEP relationships, document the origin and purpose of large payments; a report made years later is no report.
Dealing with politically exposed persons (PEPs)
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Schweizer Geldwäschereirecht (laut FINMA)
- Action
- Order
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 18 Jun 2024
- FINMA-Verfahren: HSBC Private Bank (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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5 Jun 2024 CarXclusive GmbHCar dealer CarXclusive: 12,866 EUR fine for breach of AML due diligence obligations €12,866
A fine of 12,866 EUR, final since 5 June 2024, was imposed on the motor vehicle dealer by the Arnsberg regional government (Bezirksregierung Arnsberg), as anti-money laundering supervisor for the non-financial sector, for breach of the due diligence obligations of the German Money Laundering Act (Geldwäschegesetz, GwG), and the company was publicly named.
Car dealerships must identify and document buyers for cash payments of 10,000 EUR or more – sales staff must know the threshold.
Customer identification when selling vehicles for cash
- Authority / court
- Bezirksregierung Arnsberg (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Automotive
- Bekanntmachung nach § 57 GwG – Bezirksregierung Arnsberg Official register or notice
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