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.

Capital markets and financial supervisionTransport, logistics and shipping Clear all filters
6cases from 5 jurisdictions
€43.8mTotal of monetary amounts (4 cases with an amount)
€43.2mLargest single case: United Parcel Service Inc. (UPS)
€275,000Median per case with an amount

Click a bar to drill down one level.

by amountby number of cases

Where?

by region

All jurisdictions

  1. USA €43.2m 99 % · 1 case
  2. EU €550,000 1 % · 2 cases
  3. Canada €61,916 0 % · 1 case
  4. South Africa – 0 % · 2 cases

What for?

by topic
  1. Disclosure and reporting obligations €43.8m 100 % · 4 cases
  2. Organisational requirements – 0 % · 1 case
  3. no topic – 0 % · 1 case

Who?

by company
  1. United Parcel Service Inc. (UPS) €43.2m 99 % · 1 case
  2. Exmar NV €350,000 1 % · 1 case
  3. Anonymised companies €200,000 0 % · 1 case
  4. Global Crossing Airlines Group Inc. (ehemals Canada Jetlines Ltd.) €61,916 0 % · 1 case
  5. Kings International Removers (Pty) Ltd – 0 % · 1 case
  6. The Relocations Group (Pty) Ltd – 0 % · 1 case

When?

per year, by date of decision
Trend
PeriodCasesTotal
20242€43.4m
20253€61,916
20261€350,000

6 cases

Newest firstHighest amounts
24 Jun 2026 Exmar NVExmar: €350,000 for late disclosure of inside information BelgiumDisclosure and reporting obligations €350,000

The Sanctions Committee of the FSMA (Belgian Financial Services and Markets Authority) found that the shipping company Exmar NV, listed on Euronext Brussels, had not disclosed as soon as possible inside information it held on 19 May and 18 June 2020; the information related to a customer's missing payments for the charter of a floating LNG facility. It imposed a fine of 350,000 EUR and ordered publication by name for one year. Exmar has lodged an appeal with the Market Court.

What organisations can take from it

Payment problems of a major customer can be inside information; the ad hoc assessment must be carried out immediately and documented.

Relevance to training and awareness

Ad hoc disclosure: identifying and promptly publishing inside information

Authority / court
Autoriteit voor Financiële Diensten en Markten / Autorité des services et marchés financiers (FSMA) – Sanctiecommissie
Area of law
Capital markets and financial supervision · Disclosure and reporting obligations
Legal basis
Art. 17 Verordnung (EU) Nr. 596/2014 (MAR); Art. 36 § 2 und Art. 72 § 3 Gesetz vom 2. August 2002 über die Aufsicht über den Finanzsektor
Action
Fine
Status of proceedings
under appeal
Sector
Transport, logistics and shipping
Sources

Checked against the official source on 2 Oct 2026 · Direct link

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9 Dec 2025 The Relocations Group (Pty) LtdFSCA: The Relocations Group over unlicensed insurance business South AfricaOrganisational requirements Fine

Following client complaints, the FSCA found that the company and its predecessor South African Relocations had issued marine (transit) insurance policies to the public without authorisation, thereby acting as unlicensed insurers. The amount and the facts have not been confirmed against the primary source.

What organisations can take from it

A company that issues its own insurance policies to customers is conducting licensable insurance business and needs a licence or a licensed insurer as partner.

Relevance to training and awareness

Licensing requirement for issuing insurance policies

Authority / court
Financial Sector Conduct Authority (FSCA)
Area of law
Capital markets and financial supervision · Organisational requirements
Legal basis
Short-term Insurance Act, s. 7(1); Insurance Act, s. 5(1); Financial Sector Regulation Act 9 of 2017, s. 139
Action
Fine
Status of proceedings
unknown
Sector
Transport, logistics and shipping
Liability of senior managers
Measures against individuals are not set out here.
Published
9 Dec 2025
Sources

Checked against the official source on 4 Oct 2026 · Direct link

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22 Aug 2025 Global Crossing Airlines Group Inc. (ehemals Canada Jetlines Ltd.)Canada Jetlines (now Global Crossing Airlines): CAD 100,000 over late disclosure Canada, British ColumbiaDisclosure and reporting obligations €61,916

On 22 February 2018 the then start-up airline told the Canada Transportation Agency that, after a letter of intent for two leased aircraft had been terminated, the start of flight operations would slip to the end of 2018, but it did not publish this material change until 13 March 2018. In its settlement with the BCSC the company admitted breaching the duty of immediate disclosure and pays CAD 100,000 as a joint payment. Measures against individuals are not set out here.

What organisations can take from it

A material change in plans reported to another authority must be disclosed to the capital market at the same time.

Relevance to training and awareness

Timely disclosure of material changes

Authority / court
British Columbia Securities Commission (BCSC), Executive Director (Vergleich)
Area of law
Capital markets and financial supervision · Disclosure and reporting obligations
Legal basis
Securities Act (British Columbia), RSBC 1996, c. 418, s. 85 (unverzügliche Offenlegung wesentlicher Änderungen) und s. 168.2(1)
Action
Fine
Status of proceedings
final
Sector
Transport, logistics and shipping
Liability of senior managers
Measures against individuals are not set out here.
Published
22 Aug 2025

Original amount 100,000 CAD, converted at the ECB reference rate of 22 Aug 2025.

Sources

Checked against the official source on 3 Oct 2026 · Direct link

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6 Feb 2025 Kings International Removers (Pty) LtdKings International Removers: insurance policies issued without a licence South AfricaCapital markets and financial supervision Fine

Following a complaint from a client, the authority found that the company had provided financial services without FSP authorisation and had issued short-term non-life insurance policies to private individuals without an insurance licence. The amount and the facts have not been confirmed against the primary source.

Relevance to training and awareness

Licensing requirements for insurance and financial services

Authority / court
Financial Sector Conduct Authority (FSCA)
Area of law
Capital markets and financial supervision
Legal basis
Sections 7(1) und 8(9)(c) Financial Advisory and Intermediary Services Act 37 of 2002; Sections 7(1) und 8(2)(d) Short-term Insurance Act 53 of 1998; Section 5(1) Insurance Act 18 of 2017
Action
Fine
Status of proceedings
unknown
Sector
Transport, logistics and shipping
Liability of senior managers
Measures against individuals are not set out here.
Published
6 Feb 2025
Sources

Checked against the official source on 4 Oct 2026 · Direct link

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22 Nov 2024 United Parcel Service Inc. (UPS)UPS: goodwill of UPS Freight division incorrectly valued – 45 million USD USADisclosure and reporting obligations €43.2m

UPS based the valuation of UPS Freight on a consultant's appraisal of around 2 billion USD, although its own analyses had arrived at only about 650 million USD, and did not record a required goodwill impairment. UPS is paying 45 million USD and must introduce training for certain executives, board members and employees and engage an independent compliance consultant.

What organisations can take from it

Valuation reports are only as good as the information given to the valuers – internal findings must feed into impairment tests.

Authority / court
U.S. Securities and Exchange Commission (SEC)
Area of law
Capital markets and financial supervision · Disclosure and reporting obligations
Legal basis
Section 17(a)(2),(3) Securities Act; Reporting-, Buchführungs-, interne Kontroll- und Disclosure-Controls-Vorschriften des Exchange Act
Action
Fine
Status of proceedings
final
Sector
Transport, logistics and shipping

Original amount 45,000,000 USD, converted at the ECB reference rate of 22 Nov 2024.

Sources

Checked against the official source on 28 Sep 2026 · Version 2 · Direct link

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22 Jan 2024 a German port operatorPort operator: failure to publish notices on financial reports GermanyDisclosure and reporting obligationsanonymised €200,000

The port operator had not announced from when and at which internet address the 2021 annual financial report and the 2022 half-yearly financial report were publicly available. The fine has been final since 14 February 2024.

What organisations can take from it

Safeguard recurring mandatory publications by means of a checklist with named responsible persons and deadlines.

Authority / court
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
Area of law
Capital markets and financial supervision · Disclosure and reporting obligations
Legal basis
§ 114 Abs. 1 Satz 2 i. V. m. § 117 Nr. 1 und § 115 Abs. 1 Satz 2 i. V. m. § 117 Nr. 2 WpHG
Action
Fine
Status of proceedings
final
Sector
Transport, logistics and shipping
Published
2 Feb 2024
Sources

Checked against the official source on 28 Sep 2026 · Version 4 · Company name anonymised since 22 Jan 2026 · Direct link

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