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: 2,207 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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What for?
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by company- Anonymised companies €8m 100 % · 2 cases
- Carillion plc (in liquidation) – 0 % · 1 case
When?
per year, by date of decision| Period | Cases | Total |
|---|---|---|
| 2023 | 1 | €5m |
| 2024 | 1 | €3m |
| 2025 | 1 | €300,000 |
| 2026 | 1 | – |
4 cases
16 Feb 2026 Carillion plc (in liquidation)FCA: Public censure for Carillion plc over misleading market information Reprimand or warning
The FCA publicly censured the former construction and services group Carillion plc. The regulator found that between July 2016 and July 2017 the company published misleading information, breaching the prohibition of market manipulation and listing requirements; in July 2017 Carillion had to announce a provision of £845 million. Because the company has been in liquidation since January 2018, no fine was imposed; the FCA stated it would otherwise have been £37.91 million.
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 15 MAR; Listing Rule 1.3.3R; Listing Principle 1; Premium Listing Principle 2; sections 91 und 123 FSMA 2000
- Action
- Reprimand or warning
- Status of proceedings
- final
- Sector
- Construction and real estate
- FCA Final Notice: Carillion plc (in liquidation) (16 February 2026) Decision of an authority
Checked against the official source on 28 Sep 2026 · Version 2 · Direct link
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9 Jul 2025 Share buyback disclosed too late: BVwG reduces FMA penalty against real estate company €300,000
On Saturday, 17 December 2022, the management board of a listed real estate company (anonymised in the judgment) approved by email a new share buyback programme including its volume, period and price, but only published it after a formal resolution on Monday, 19 December 2022. Austria's Financial Market Authority (FMA) imposed a penalty of 375,000 EUR; the Federal Administrative Court (Bundesverwaltungsgericht, BVwG) upheld the breach of the ad hoc disclosure obligation but reduced the penalty to 300,000 EUR.
A final decision by a corporate body triggers the ad hoc disclosure obligation immediately – weekends and outstanding contractual details do not postpone it.
Ad hoc disclosure obligation for decisions of corporate bodies, including at weekends
- Authority / court
- Bundesverwaltungsgericht (Beschwerde gegen Straferkenntnis der Finanzmarktaufsicht FMA)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 MAR i. V. m. § 156 Abs. 3 Z 2, Abs. 4 BörseG 2018
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Construction and real estate
- Culpability
- negligent
- BVwG W279 2310813-1 vom 09.07.2025 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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20 Aug 2024 a Dutch financial holding companyAFM: EUR 3 million fine on a financial holding company for market manipulation (under appeal) €3m
On 20 August 2024 the Dutch Authority for the Financial Markets (AFM) fined a Dutch financial holding company, mainly active in real estate, EUR 3 million for market manipulation. The holding company held a large stake in a listed Dutch company; on 20 September 2022 it instructed its bank to sell up to 1.2 million shares off-market and at the same time bought small quantities at high limits on three trading days, pushing the share price up. The AFM rejected the objection on 17 April 2025; the holding company lodged an appeal with the competent court on 28 May 2025.
A holder planning to sell a large block of shares must not push the price up at the same time with aggressive buy orders.
Prohibition of market manipulation when selling large blocks of shares
- Authority / court
- Autoriteit Financiële Markten (AFM)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 15 Verordnung (EU) Nr. 596/2014 (Marktmissbrauchsverordnung, MAR)
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Construction and real estate
- Published
- 20 Dec 2024
- AFM: VDVI B.V. krijgt AFM-boete van €3 miljoen wegens marktmanipulatie Press release of an authority
- AFM: Boetebesluit VDVI B.V. (20 augustus 2024) Decision of an authority
- AFM: Actuele stand van zaken – bestuurlijke boete VDVI B.V. (update 18 juli 2025) Decision of an authority
Checked against the official source on 2 Oct 2026 · Company name anonymised since 20 Aug 2026 · Direct link
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22 Sep 2023 a Dutch listed property companyAFM fines a property company for withholding inside information €5m
On 22 September 2023 the Autoriteit Financiële Markten (AFM, Dutch Authority for the Financial Markets) imposed two fines on the listed property company: 2 million EUR because it did not publish until September 2021 the sale of ten plots in Noordwijk for 60 million EUR agreed in November 2020 (Art. 17(1) MAR), and 3 million EUR because interim publications, including the 2020 annual report, contained misleading statements about it (Art. 15 MAR). The objection failed; on 20 August 2025 the Rechtbank Rotterdam (Rotterdam District Court) reduced each fine by 2,500 EUR, solely because the proceedings had taken unreasonably long, to a total of 4,995,000 EUR. The company appealed against this judgment to the College van Beroep voor het bedrijfsleven (Trade and Industry Appeals Tribunal) on 29 September 2025.
Price-sensitive transactions must be published without delay, and later reports must not conceal a sale that has already been completed.
Disclosure of inside information and prohibition of misleading information
- Authority / court
- Autoriteit Financiële Markten (AFM)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 17 Abs. 1 und Art. 15 Verordnung (EU) Nr. 596/2014 (Marktmissbrauchsverordnung, MAR)
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Construction and real estate
- Mitigating circumstances
- Reduction of 2,500 EUR per fine by the District Court because the proceedings took unreasonably long.
- Published
- 11 Dec 2023
- Rechtspraak, Entscheidungsdatenbank (Suche) (Entscheidung 2023) Decision of an authority
Checked against the official source on 2 Oct 2026 · Company name anonymised since 22 Sep 2025 · Direct link