Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 1,370 cases from 35 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 topicWho?
by company- Anonymised companies €43m 74 % · 1 case
- John Wood Group PLC €14.9m 26 % · 1 case
- Soltec Power Holdings, SA €190,000 0 % · 1 case
- Avila Energy Corporation €40,005 0 % · 1 case
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 | €40,005 |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 0 | — |
| Q4 2025 | 0 | — |
| Q1 2026 | 0 | — |
| Q2 2026 | 0 | — |
| Q3 2026 | 0 | — |
1 case
21 Oct 2024 Avila Energy CorporationAvila Energy: CAD 60,000 (joint payment) over false statements on the use of offering proceeds €40,005
In an offering document filed in December 2022 the listed energy company said it would spend about CAD 1.5 million of the offering proceeds on data analysis, but routed most of that money through a service provider to a Dutch company to settle payment obligations of a related company. In its settlement with the ASC, Avila admitted misleading statements and a false certificate filed with the Commission; it pays the settlement amount of CAD 60,000 (including CAD 10,000 in costs) jointly with a further settling party (joint payment) and must arrange training for its officers, directors and audit committee.
Statements on the use of proceeds in offering documents are binding; diverting funds to related parties is a serious disclosure breach.
Truthful statements on the use of proceeds and dealing with related parties
Missing or inadequate training played a role in the decision.
- Authority / court
- Alberta Securities Commission (ASC), Executive Director (Settlement Agreement and Undertaking)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Securities Act (Alberta), RSA 2000, c. S-4, s. 92(4.1) (irreführende Angaben) und s. 221.1 (falsche Bescheinigung)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Energy and utilities
- Repeat case
- no
- Mitigating circumstances
- No previous ASC sanctions and cooperation with investigators; the settlement avoided a contested hearing.
- Liability of senior managers
- Measures against individuals are not reported here.
- Published
- 23 Oct 2024
Original amount 60,000 CAD, converted at the ECB reference rate of 21 Oct 2024.
- ASC: Notices, Decisions and Orders (Settlement Agreement and Undertaking, 21.10.2024) Enforcement database of an authority
Checked against the official source on 28 Sep 2026 · Direct link