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 authority- Finanzmarktaufsicht Liechtenstein (FMA) €610,136 100 % · 3 cases
What for?
by topicWho?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 1 | €530,110 |
| Q1 2024 | 0 | — |
| Q2 2024 | 0 | — |
| Q3 2024 | 0 | — |
| Q4 2024 | 1 | €80,026 |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 0 | — |
| Q4 2025 | 0 | — |
| Q1 2026 | 0 | — |
| Q2 2026 | 1 | — |
| Q3 2026 | 0 | — |
3 cases
21 Dec 2023 a Liechtenstein financial institutionLiechtenstein: CHF 500,000 fine for risk management and due diligence breaches €530,110
The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 500,000 for a serious breach of the risk management rules under the Bankengesetz (Banking Act) and a repeated breach of the due diligence obligation to establish or update the business relationship profile. The FMA only publishes final sanctions and gives no further details of the facts.
Business profiles must be fully established and kept up to date for every business relationship; repeated deficiencies combined with weak risk management lead to high fines.
Risk management and up-to-date business profiles under due diligence law
- Authority / court
- Finanzmarktaufsicht Liechtenstein (FMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Art. 63a Abs. 1 Bst. b Bankengesetz (BankG); Art. 31 Abs. 1 Bst. e Sorgfaltspflichtgesetz (SPG)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
Original amount 500,000 CHF, converted at the ECB reference rate of 21 Dec 2023.
- FMA Liechtenstein, Enforcement und Sanktionen (Übersicht) (Entscheidung 2023) Enforcement database of an authority
Checked against the official source on 28 Sep 2026 · Company name anonymised since 21 Dec 2025 · Direct link
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26 May 2026 TGI AGLiechtenstein: FMA halts TGI AG products over deposit-taking without a licence Order
The Finanzmarktaufsicht Liechtenstein (FMA, Financial Market Authority) ordered by decree of 26 May 2026 that TGI AG in Vaduz immediately stop distributing and publicly offering its products “Customer Basic 2 %”, “Sales Premium” and “Sofortrabatt”, because it was thereby conducting deposit-taking business without a licence, and that it no longer hold the customer funds received in this way within four months. In a partial decision of 12 August 2026 the FMA's appeals commission granted suspensive effect only for the order concerning the holding of the funds; the other measures remain in force and the proceedings are not final.
Business models in which customer money is taken in and later repaid must be checked for a licensing requirement of the financial regulator before launch.
Licensing requirement when accepting customer funds (deposit-taking)
- Authority / court
- Finanzmarktaufsicht Liechtenstein (FMA)
- Area of law
- Capital markets and financial supervision
- Action
- Order
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Published
- 28 May 2026
- FMA Liechtenstein: Bekanntmachung – FMA verhängt Massnahmen gegen die TGI AG wegen unerlaubten Betriebs des Einlagengeschäfts (28.05.2026) Press release of an authority
- FMA Liechtenstein: Ergänzung zur Bekanntmachung vom 28. Mai 2026 (18.09.2026) Press release of an authority
- FMA Liechtenstein: Warnung – TGI AG (22.04.2026) Press release of an authority
Checked against the official source on 28 Sep 2026 · Direct link
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16 Dec 2024 Finanzdienstleister (anonymisiert)Liechtenstein: CHF 75,000 fine for breaching Article 16(2) MAR €80,026
The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 75,000 for breaching the obligations under Article 16(2) of the Market Abuse Regulation (EU) No 596/2014. The provision requires persons professionally arranging or executing transactions to maintain effective arrangements, systems and procedures to detect and report suspicious orders and transactions.
Anyone who professionally arranges or executes securities transactions needs working surveillance systems and clear procedures for reporting suspected market abuse.
Detecting and reporting suspicious orders and transactions (market abuse)
- Authority / court
- Finanzmarktaufsicht Liechtenstein (FMA)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 16 Abs. 2 Verordnung (EU) Nr. 596/2014 (Marktmissbrauchsverordnung) i.V.m. Art. 10 Abs. 1 Bst. b EWR-Marktmissbrauchsverordnung-Durchführungsgesetz (EWR-MDG)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
Original amount 75,000 CHF, converted at the ECB reference rate of 16 Dec 2024.
- FMA Liechtenstein: Enforcement und Sanktionen – anonymisiert veröffentlichte Sanktionen (Eintrag 16. Dezember 2024, CHF 75 000) Enforcement database of an authority
Checked against the official source on 28 Sep 2026 · Direct link