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.
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Where?
by authority- Financial Conduct Authority (FCA) €16m 100 % · 2 cases
What for?
by topicWho?
by companyWhen?
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 | €15.6m |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 0 | — |
| Q4 2025 | 0 | — |
| Q1 2026 | 1 | €389,760 |
| Q2 2026 | 0 | — |
| Q3 2026 | 0 | — |
2 cases
27 Mar 2026 Dinosaur Merchant Bank LimitedDinosaur Merchant Bank: 338,000 GBP – CFD trading without market abuse surveillance €389,760
After a new order management system was introduced in June 2024, CFD transactions with an underlying value of around 3.05 billion USD were not captured by automated trade surveillance. The bank identified the error in October 2024 but only remedied it in May 2025; the Financial Conduct Authority (FCA) imposed 338,000 GBP after a 30% cooperation discount.
With every system migration, check whether surveillance systems actually capture the new data flows.
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Art. 16 Abs. 2 UK MAR; SYSC 6.1.1R; FCA Principle 3
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Full cooperation (30% discount); CFD business discontinued in May 2025.
Original amount 338,000 GBP, converted at the ECB reference rate of 27 Mar 2026.
- FCA fines Dinosaur Merchant Bank Limited for market abuse surveillance failures (27.03.2026) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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26 Nov 2024 Macquarie Bank Limited, London BranchMacquarie Bank London: 13 million GBP – trader concealed over 400 fictitious trades €15.6m
From June 2020 to February 2022, a trader on the metals and commodities desk was able to book over 400 fictitious trades and circumvent three key internal controls in order to conceal losses; the bank was partly aware of the weaknesses but did not remedy them in time. Unwinding the positions cost around 57.8 million USD; the Financial Conduct Authority (FCA) imposed 13 million GBP on the bank and banned the trader Travis Klein.
Close known control weaknesses in trading with a deadline and a responsible person – otherwise a lone perpetrator becomes an organisational failure.
Recognising and reporting circumvention of controls in trading
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- FCA Principles for Businesses, Principle 3 (Systeme und Kontrollen); s. 206 Financial Services and Markets Act 2000
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Liability of senior managers
- Prohibition order imposed on the trader; no fine imposed on him on grounds of serious financial hardship.
Original amount 13,031,400 GBP, converted at the ECB reference rate of 26 Nov 2024.
- FCA: MBL fined £13m for serious control failures that allowed trader to conceal over 400 fictitious trades (26.11.2024) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link