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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per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 1 | €280,000 |
| Q1 2024 | 1 | — |
| Q2 2024 | 0 | — |
| Q3 2024 | 0 | — |
| Q4 2024 | 0 | — |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 0 | — |
| Q4 2025 | 0 | — |
| Q1 2026 | 1 | €625,000 |
| Q2 2026 | 1 | €620,000 |
| Q3 2026 | 0 | — |
4 cases
23 Jun 2026 VARTA AGVARTA: late ad hoc announcement and missing half-yearly financial report €620,000
BaFin imposed fines on the battery manufacturer because it had not disclosed inside information without delay and had not published the half-yearly financial report for the 2024 financial year.
Ad hoc assessments and periodic disclosure require fixed responsibilities and deadline controls so that neither inside information nor mandatory reports are left pending.
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 UAbs. 1 MAR; § 115 Abs. 1 Satz 1 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Manufacturing and mechanical engineering
- Published
- 1 Jul 2026
- VARTA AG: BaFin setzt Geldbußen fest Decision of an authority
- Bekanntmachung der BaFin zur VARTA AG (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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16 Jan 2026 M. van Wettum (indirekter Direktor einer an NX Filtration N.V. beteiligten Gesellschaft)Marking the close at NX Filtration: 625,000 EUR fine for investor €625,000
On the last trading day of 2023, shortly before the market close, the investor had NX Filtration shares bought in order – according to a recorded telephone call – to raise the closing price from 6.30 to 6.70 EUR, which succeeded. The Dutch Authority for the Financial Markets (AFM) classified this as market manipulation ("marking the close") and imposed a fine of 625,000 EUR.
Influencing share prices on balance sheet dates is market manipulation – broker orders with price targets are recorded and analysed.
Prohibited price support at year-end (marking the close)
- Authority / court
- Autoriteit Financiële Markten (AFM)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 15 MAR
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Manufacturing and mechanical engineering
- Culpability
- intentional
- Published
- 13 Jul 2026
- Boete van €625.000 voor M. van Wettum wegens marktmanipulatie Press release of an authority
- Boetebesluit M. van Wettum (AFM, 16 januari 2026) Decision of an authority
- Actuele stand van zaken – bestuurlijke boete M. van Wettum (AFM) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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1 Mar 2024 MTU Aero Engines AGMTU Aero Engines: inside information not disclosed without delay overturned
BaFin imposed a fine of 510,000 EUR on the engine manufacturer because it allegedly had not disclosed inside information without delay. Following an objection by the company, the Local Court of Frankfurt am Main (Amtsgericht) discontinued the proceedings on 21 January 2025 pursuant to Section 47 (2) OWiG (German Administrative Offences Act).
Document the ad hoc assessment in such a way that the company can later substantiate its decision on the timing and content of a disclosure.
Ad hoc disclosure: recognising inside information and disclosing it without delay
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 UAbs. 1 MAR
- Action
- Fine
- Status of proceedings
- overturned
- Sector
- Manufacturing and mechanical engineering
- Published
- 20 Mar 2024
Amount in EUR; no ECB reference rate is available for this currency.
- MTU Aero Engines AG: BaFin setzt Geldbuße fest Decision of an authority
- Bekanntmachung der BaFin zur MTU Aero Engines AG (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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7 Dec 2023 KION Group AGKION Group: ad hoc disclosure obligation breached, fine final €280,000
The intralogistics and forklift truck group had not disclosed inside information. BaFin imposed a fine of 280,000 EUR, which has been final since January 2024.
Escalate potential inside information to the ad hoc disclosure committee immediately, not at the next reporting date.
Ad hoc disclosure: recognising inside information and disclosing it without delay
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 UAbs. 1 MAR
- Action
- Fine
- Status of proceedings
- final
- Sector
- Manufacturing and mechanical engineering
- Published
- 21 Dec 2023
- KION Group AG: BaFin setzt Geldbuße fest Decision of an authority
- Bekanntmachung der BaFin zur KION Group AG (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link