Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 718 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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Where?
by regionAll jurisdictions
What for?
by action- Fine 3 cases 100 % · €12.3m
Who?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 0 | — |
| Q1 2024 | 0 | — |
| Q2 2024 | 0 | — |
| Q3 2024 | 0 | — |
| Q4 2024 | 1 | €789,284 |
| Q1 2025 | 1 | €11m |
| Q2 2025 | 0 | — |
| Q3 2025 | 0 | — |
| Q4 2025 | 0 | — |
| Q1 2026 | 0 | — |
| Q2 2026 | 0 | — |
| Q3 2026 | 1 | €501,614 |
3 cases
22 Sep 2026 OTC Link LLCOTC Link: 575,000 USD – security policies never completed despite examination findings €501,614
From 2016 to 2025, the operator of the OTC Link ATS trading system lacked complete policies on systems security, access control and vulnerability management as required under Regulation SCI. Although the examiners of the U.S. Securities and Exchange Commission (SEC) had criticised the gaps in several examinations, drafts remained unfinished; the SEC issued a censure and imposed 575,000 USD.
Track supervisory examination findings with a deadline and a responsible person – points that remain open repeatedly become expensive.
- Authority / court
- U.S. Securities and Exchange Commission (SEC)
- Area of law
- Information security and cyber · Critical infrastructure
- Legal basis
- Regulation SCI, Rule 1001(a)(1)–(3)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Repeat case
- yes
Original amount 575,000 USD, converted at the ECB reference rate of 22 Sep 2026.
- SEC Censures OTC Link LLC for Repeated Compliance Failures Related to Regulation SCI (22.09.2026) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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20 Mar 2025 The London Metal Exchange (LME)London Metal Exchange: 9.2 million GBP – controls and escalation failed in nickel turmoil €11m
When the nickel price rose to over 100,000 USD within just over an hour on 8 March 2022, only junior staff were on duty during Asian trading hours, and they had not been trained to recognise a disorderly market; they did not escalate and even switched off price bands. The Financial Conduct Authority (FCA) imposed a fine on the recognised investment exchange for the first time: 9.2 million GBP after a 30% discount.
Critical infrastructure needs trained staff around the clock and clear escalation paths – including at night and at off-peak times.
Escalation of unusual market conditions; training of shift staff
Missing or inadequate training played a role in the decision.
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Information security and cyber · Critical infrastructure
- Legal basis
- FCA REC 2.5.1 (Recognition Requirements); Art. 18 RTS 7 (MiFID II)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Early settlement (30% discount); improvements since March 2022.
Original amount 9,200,000 GBP, converted at the ECB reference rate of 20 Mar 2025.
- FCA: First FCA enforcement action and fine against Recognised Investment Exchange (20.03.2025) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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1 Oct 2024 Tradition SEF LLCTradition SEF: 875,000 USD – emergency and security tests not brought before the board €789,284
The swap trading platform did not fully inform its board of the results of emergency, technology risk and penetration tests, did not regularly test its business continuity and disaster recovery capabilities and had no adequate risk management. It also failed to produce documents requested during an examination on time despite extensions of deadlines; the Commodity Futures Trading Commission (CFTC) imposed 875,000 USD.
Contingency plans only count if they are tested regularly and the results are noted by the entire governing body.
- Authority / court
- Commodity Futures Trading Commission (CFTC)
- Area of law
- Information security and cyber · Critical infrastructure
- Legal basis
- Commodity Exchange Act; CFTC-Regeln zu System Safeguards für Swap Execution Facilities
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
Original amount 875,000 USD, converted at the ECB reference rate of 1 Oct 2024.
- CFTC Orders Tradition SEF LLC to Pay $875,000 for System Safeguards Violations … (01.10.2024) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link