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.

4cases from 2 jurisdictions
€58.1mTotal of monetary amounts
€45mLargest single case: J.P. Morgan SE
€6.5mMedian per case with an amount

Click a bar to drill down one level.

Where?

by country
  1. Germany €58m 100 % · 3 cases
  2. Hungary €130,215 0 % · 1 case

What for?

by action
  1. Fine €58.1m 100 % · 4 cases

Who?

by sector

All sectors

  1. Financial services and insurance €58.1m 100 % · 4 cases

When?

per quarter, by date of decision
Trend
PeriodCasesTotal
Q3 20230—
Q4 20231€130,215
Q1 20240—
Q2 20241€9.2m
Q3 20240—
Q4 20240—
Q1 20250—
Q2 20250—
Q3 20251€3.8m
Q4 20251€45m
Q1 20260—
Q2 20260—
Q3 20260—

4 cases

13 Oct 2025 J.P. Morgan SEBaFin: 45 million EUR against J.P. Morgan SE over late suspicious activity reports GermanySuspicious 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.

What organisations can take from it

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.

Relevance to training and awareness

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

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 GermanySuspicious activity reports €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.

What organisations can take from it

Failing to implement a supervisory order risks penalty payments and a comprehensive package of measures in addition to the fine.

Relevance to training and awareness

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

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 GermanySuspicious 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.

What organisations can take from it

Send suspicious activity reports to the FIU without delay – systematically late reporting risks fines running into millions.

Relevance to training and awareness

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

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 HungarySuspicious activity 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.

What organisations can take from it

Validate monitoring parameters regularly – and training is expressly among the obligations that are inspected.

Relevance to training and awareness

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.

Checked against the official source on 25 Sep 2026 · Direct link

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