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 €1.96m 79 % · 2 cases
- Financial Sector Conduct Authority (FSCA) €527,691 21 % · 1 case
What for?
by action- Fine €2.49m 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 | 0 | – |
| Q1 2025 | 0 | – |
| Q2 2025 | 1 | €468,147 |
| Q3 2025 | 0 | – |
| Q4 2025 | 1 | €527,691 |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 1 | €1.49m |
| Q4 2026 | 0 | – |
3 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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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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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