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- Financial Sector Conduct Authority (FSCA) €298,717 97 % · 2 cases
- South African Reserve Bank (SARB) €8,005 3 % · 1 case
What for?
by action- Fine €306,722 100 % · 3 cases
Who?
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 | 1 | €152,404 |
| Q1 2025 | 0 | – |
| Q2 2025 | 1 | €146,313 |
| Q3 2025 | 0 | – |
| Q4 2025 | 1 | €8,005 |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
3 cases
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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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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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