Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America, Latin America, Asia-Pacific and Middle East: 1,929 cases from 40 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- Banco Central do Brasil (Comitê de Decisão de Processo Administrativo Sancionador – COPAS) 2 cases 100 % · €6.45m
What for?
by topicWho?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q4 2023 | 0 | – |
| Q1 2024 | 0 | – |
| Q2 2024 | 0 | – |
| Q3 2024 | 0 | – |
| Q4 2024 | 0 | – |
| Q1 2025 | 0 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 1 | €2.82m |
| Q3 2026 | 1 | €3.62m |
| Q4 2026 | 0 | – |
2 cases
12 Aug 2026 Banco Genial S.A.Banco Genial: BRL 21.56m for anti-money laundering failings in FX business €3.62m
The Comitê de Decisão de Processo Administrativo Sancionador (COPAS, sanctions decision committee) of the Banco Central do Brasil (Brazilian central bank) fined Banco Genial S.A. a total of BRL 21,560,000.00: BRL 4,200,000.00 for inadequate anti-money laundering policies, procedures and controls, BRL 8,920,000.00 for failing to verify the credentials of foreign exchange clients and BRL 8,440,000.00 for failing to file suspicious activity reports with the financial intelligence unit Coaf in the proper form and on time. According to the case documents, the reporting charge concerned 1,364 foreign exchange transactions for the acquisition of virtual assets with five clients between November 2020 and October 2021, totalling USD 744,341,982.45.
Foreign exchange transactions for buying crypto-assets require checks on clients' financial capacity and timely suspicious activity reports.
Customer due diligence and suspicious activity reporting in FX and crypto business
- Authority / court
- Banco Central do Brasil (Comitê de Decisão de Processo Administrativo Sancionador – COPAS)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Lei nº 9.613/1998, Art. 10 III, Art. 11 und 12; Lei nº 13.506/2017; Circular BCB nº 3.978/2020; Resolução CMN nº 3.568/2008
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Liability of senior managers
- Measures against individuals are not set out here.
Original amount 21,560,000 BRL, converted at the ECB reference rate of 12 Aug 2026.
- Banco Central do Brasil: Processo Administrativo Sancionador PE 280965 – Relatório, Voto und Decisão 2349/2026-COPAS vom 12.08.2026 Decision of an authority
- Banco Central do Brasil: Penalidades aplicadas em PAS (Gepad_QuadroPenalidades), PAS 280965 Enforcement database of an authority
Checked against the official source on 3 Oct 2026 · Direct link
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11 May 2026 Banco Topázio S.A.Banco Topázio: BRL 16.28m and crypto FX ban over anti-money laundering failings €2.82m
The sanctions committee COPAS of the Banco Central do Brasil (central bank) imposed fines totalling BRL 16,280,000.00 on Banco Topázio S.A.: BRL 4,560,000.00 because its monitoring system contained no rules for foreign exchange transactions to buy and sell virtual assets, BRL 3,280,000.00 because suspicious transactions were not reported, or reported late, to the financial intelligence unit Coaf (including BRL 3.05bn from one client), and BRL 8,440,000.00 because the bank had not verified the qualification of foreign exchange clients. In addition, for two years it may not carry out over-the-counter foreign exchange transactions for virtual assets in which the client acts as an unauthorised intermediary for third parties. The decision is not final.
Anyone processing foreign exchange for crypto intermediaries needs suitable monitoring scenarios and must also know the customers behind the customers.
Anti-money laundering monitoring of foreign exchange with crypto intermediaries
- Authority / court
- Banco Central do Brasil (Comitê de Decisão de Processo Administrativo Sancionador – COPAS)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Lei 9.613/1998, Art. 10 III, Art. 11 II, Art. 12 II und § 2 II und IV; Circular BCB 3.978/2020, Arts. 38, 39 und 48; Lei 13.506/2017, Art. 3 XVII, Art. 5 II und IV
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Liability of senior managers
- Measures against individuals are not set out here.
Original amount 16,280,000 BRL, converted at the ECB reference rate of 11 May 2026.
- BCB – PAS PE 266470, Relatório, Voto e Decisão 1423/2026-COPAS de 11 de maio de 2026 (Banco Topázio S.A.) Decision of an authority
- BCB – Quadro geral de penalidades em PAS (OData), PAS 266470 Enforcement database of an authority
Checked against the official source on 3 Oct 2026 · Direct link