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.
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Where?
by countryWhat for?
by topicWho?
by sectorAll sectors
- Financial services and insurance €52.4m 92 % · 17 cases
- Telecoms, IT and software €1.99m 4 % · 2 cases
- Manufacturing and mechanical engineering €900,000 2 % · 3 cases
- Media and online platforms €630,000 1 % · 2 cases
- Construction and real estate €300,000 1 % · 1 case
- Transport, logistics and shipping €200,000 0 % · 1 case
- Automotive €180,000 0 % · 1 case
- Defence and security €150,000 0 % · 1 case
- Retail and e-commerce €112,000 0 % · 1 case
When?
per year, by date of decision| Period | Cases | Total |
|---|---|---|
| 2022 | 2 | €648,000 |
| 2023 | 7 | €1.02m |
| 2024 | 6 | €24m |
| 2025 | 6 | €27.3m |
| 2026 | 8 | €3.88m |
29 cases
16 Jul 2026 TeamViewer SETeamViewer: cyberattack not disclosed as inside information without delay €240,000
Germany's Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) imposed a fine of 240,000 EUR on the software company because it had not disclosed the information about a cyberattack it had suffered as inside information without delay. The fine notice is final.
Put serious IT security incidents immediately before the ad hoc disclosure committee as well – the incident response process must take capital market disclosure into account.
Recognising security incidents as potential inside information and reporting them to the ad hoc disclosure committee
- 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 (EU) Nr. 596/2014
- Action
- Fine
- Status of proceedings
- final
- Sector
- Telecoms, IT and software
- Published
- 20 Jul 2026
- TeamViewer SE: BaFin setzt Geldbuße fest Decision of an authority
- Bekanntmachung der BaFin zur TeamViewer SE (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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10 Jul 2026 Brown Capital Management LLCBrown Capital Management: voting rights notifications not submitted on time €187,500
The Baltimore-based US asset manager had not submitted voting rights notifications to the issuer and BaFin in time; the deadline is four trading days after reaching a notifiable threshold. BaFin imposed a fine of 187,500 EUR; the notice is final.
Anyone investing in German issuers needs automated threshold monitoring with clear responsibility for the four-day deadline.
Threshold monitoring and notification deadlines for shareholdings
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- § 33 Abs. 1 Satz 1 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 22 Jul 2026
- Brown Capital Management LLC: BaFin setzt Geldbußen fest Decision of an authority
- Bekanntmachung der BaFin zur Brown Capital Management LLC (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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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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3 Jun 2026 Wendelspiess Partners AG in LiquidationFINMA: Wendelspiess Partners breached FIDLEG duties, licence revoked Order
Wendelspiess Partners AG invested almost all the money of its more than 400 clients in a barely diversified foreign fund it had set up and managed itself, which invested mainly in a Zug-based investment company and companies linked to it; it gave insufficient information about conflicts of interest and risks, carried out no suitability check and withheld relevant information from the Eidgenössische Finanzmarktaufsicht (FINMA, Swiss Financial Market Supervisory Authority). FINMA revoked the licence as an asset manager of the company, which is now bankrupt. Measures against individuals are not set out here. The decision is not final.
In-house funds in client portfolios are a classic conflict of interest that must be disclosed and backed by a documented suitability check.
Conflicts of interest with in-house funds; information and suitability duties
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Verhaltenspflichten nach dem Finanzdienstleistungsgesetz (FIDLEG): Interessenkonflikte, Information, Eignungsprüfung; Auskunftspflicht gegenüber der FINMA
- Action
- Order
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 3 Jun 2026
- FINMA-Medienmitteilung vom 03.06.2026: FINMA beendet Verfahren gegen die Wendelspiess Partners AG Press release of an authority
Checked against the official source on 5 Oct 2026 · Version 3 · Direct link
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1 May 2026 Swiss Fund Management AG in Liquidation; BZ Berater Zentrum AGFINMA revokes Swiss Fund Management's licence and confiscates BZ commissions Order
Swiss Fund Management AG in liquidation and BZ Berater Zentrum AG, which held around 2,000 asset management mandates, channelled investor money of around CHF 200 million, directly or via funds, into illiquid bonds of interlinked issuers that financed real estate projects of related companies, without adequately informing investors about the conflicts of interest and without adequate suitability and appropriateness checks under FIDLEG (Swiss Financial Services Act). By ruling of 1 May 2026 the Eidgenössische Finanzmarktaufsicht (FINMA, Swiss Financial Market Supervisory Authority) revoked SFM's licence as a manager of collective assets, rejected BZ's application for a licence as an asset manager and confiscated placement commissions of more than CHF 3 million from BZ. The ruling is final.
Anyone steering client money into products of related companies must disclose the conflicts of interest and document a suitability check for each client.
Conflicts of interest and suitability checks in asset management
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Verhaltensregeln nach dem Finanzdienstleistungsgesetz (FIDLEG): Interessenkonflikte, Eignungs- und Angemessenheitsprüfung
- Action
- Order
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 29 Jun 2026
Checked against the official source on 2 Oct 2026 · Direct link
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20 Apr 2026 flatexDEGIRO SEBaFin fines flatexDEGIRO €1m for late ad hoc disclosure of special audit findings €1m
On 20 April 2026 BaFin (German Federal Financial Supervisory Authority) imposed a fine of 1,000,000 EUR on flatexDEGIRO SE. At the end of 2022, the company had not published the results of a special audit under § 44 KWG (German Banking Act) at flatexDEGIRO Bank AG, in which BaFin had identified deficiencies in business organisation, without delay as an ad hoc announcement, but only later as a press release. The fine is final.
Supervisory findings can also be inside information; a press release does not replace an ad hoc announcement.
Assessing supervisory audit findings as potential inside information
- 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 (Verordnung (EU) Nr. 596/2014)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 30 Apr 2026
- BaFin: flatexDEGIRO SE: Bafin setzt Geldbuße fest (30.04.2026, geändert 07.05.2026) Press release of an authority
- BaFin: Bekanntmachung zur flatexDEGIRO SE Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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10 Mar 2026 Barclays PLCBaFin fines Barclays €1.65m over 26 late voting rights notifications €1.65m
On 10 March 2026 BaFin (German Federal Financial Supervisory Authority) imposed a fine of 1,650,000 EUR on Barclays PLC. Between June 2022 and March 2023 the company had failed in 26 cases to submit voting rights notifications concerning the same issuer on time; the fine punished a breach of the duty of supervision because adequate organisational measures were lacking. The fine is final.
Anyone holding positions in German issuers needs reliable threshold monitoring, or many missed notifications turn into a high fine.
Monitoring voting rights thresholds and notifying on time
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- § 130 Abs. 1 OWiG i. V. m. § 33 Abs. 1 S. 1, § 34 Abs. 1 S. 1, § 38 Abs. 1 S. 1 und § 39 Abs. 1 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Liability of senior managers
- The fine punished a breach of the duty of supervision under § 130 OWiG (German Administrative Offences Act): the company had not taken adequate organisational measures to prevent the breaches or make them significantly more difficult.
- Published
- 27 Mar 2026
- BaFin: Barclays PLC: Bafin setzt Geldbuße fest (27.03.2026, geändert 09.04.2026) Press release of an authority
- BaFin: Bekanntmachung zur Barclays PLC Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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4 Mar 2026 Schaeffler AGSchaeffler: deviation of quarterly figures from market expectations disclosed too late €180,000
The automotive supplier's business figures for the first quarter of 2024 deviated significantly from market expectations; this inside information was not disclosed without delay by means of an ad hoc announcement. BaFin imposed a fine.
Make a comparison of internal figures with the analyst consensus a fixed part of the quarterly process, so that significant deviations are immediately assessed for ad hoc disclosure obligations.
Recognising inside information in deviations from market expectations (controlling/IR)
- 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
- Automotive
- Published
- 26 Mar 2026
- Schaeffler AG: BaFin setzt Geldbuße fest Decision of an authority
- Bekanntmachung der BaFin zur Schaeffler AG (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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30 Sep 2025 Oldenburgische Landesbank AGBaFin fines Oldenburgische Landesbank €910,000 over securities business failings €910,000
On 30 September 2025 BaFin (German Federal Financial Supervisory Authority) imposed fines of 910,000 EUR on Oldenburgische Landesbank AG. In 2020 and 2021 the bank lacked adequate IT controls to protect its clients' ownership rights where buy and sell orders were placed on the same day, did not in every case transparently show the costs of the individual components of bundled products, and did not ensure that tied agents properly disclosed inducements. The fine is final.
Programmed controls in securities settlement must be carefully tested before they are introduced, or management is liable for the gap.
Protecting client holdings and disclosing costs and inducements transparently
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 130 Abs. 1 OWiG i. V. m. § 84 Abs. 4 S. 1 WpHG i. V. m. § 10 Abs. 4 Nr. 5 WpDVerOV; § 63 Abs. 9 S. 1 WpHG; § 70 Abs. 1 S. 1 Nr. 2 WpHG i. V. m. Art. 50 Abs. 2 Delegierte Verordnung (EU) 2017/565
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 13 Oct 2025
- BaFin: Oldenburgische Landesbank AG: BaFin setzt Geldbußen fest (13.10.2025, geändert 23.10.2025) Press release of an authority
- BaFin: Bekanntmachung zur Oldenburgische Landesbank AG Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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9 Jul 2025 Share buyback disclosed too late: BVwG reduces FMA penalty against real estate company €300,000
On Saturday, 17 December 2022, the management board of a listed real estate company (anonymised in the judgment) approved by email a new share buyback programme including its volume, period and price, but only published it after a formal resolution on Monday, 19 December 2022. Austria's Financial Market Authority (FMA) imposed a penalty of 375,000 EUR; the Federal Administrative Court (Bundesverwaltungsgericht, BVwG) upheld the breach of the ad hoc disclosure obligation but reduced the penalty to 300,000 EUR.
A final decision by a corporate body triggers the ad hoc disclosure obligation immediately – weekends and outstanding contractual details do not postpone it.
Ad hoc disclosure obligation for decisions of corporate bodies, including at weekends
- Authority / court
- Bundesverwaltungsgericht (Beschwerde gegen Straferkenntnis der Finanzmarktaufsicht FMA)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 MAR i. V. m. § 156 Abs. 3 Z 2, Abs. 4 BörseG 2018
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Construction and real estate
- Culpability
- negligent
- BVwG W279 2310813-1 vom 09.07.2025 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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3 Jul 2025 Sutor Bank GmbHSutor Bank: court cuts fine over conflicts of interest in Riester products to €190,000 €190,000
On 3 July 2025 BaFin (German Federal Financial Supervisory Authority) imposed fines of 702,500 EUR on Sutor Bank GmbH: in 2020 and 2021 the bank had not clearly informed clients, in connection with a possible contract change for Riester pension products, of its own economic interest and thus of conflicts of interest; in 2020 it had not pointed out the associated risks; and in 2021/2022 it had inadequately informed clients about how long telephone recordings are kept. Following the objection, the Amtsgericht Frankfurt am Main (Frankfurt Local Court) set a fine of 190,000 EUR by judgment of 18 August 2026; the judgment is final.
A firm that offers clients a contract change in which it has its own economic interest must clearly disclose that conflict of interest.
Disclosing conflicts of interest to clients
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Amtsgericht Frankfurt am Main (Einspruchsverfahren)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 63 Abs. 2 S. 1 i. V. m. S. 2 WpHG; § 63 Abs. 6 S. 1, Abs. 13 Nr. 4 WpHG i. V. m. Art. 44 Abs. 2 b) Delegierte Verordnung (EU) 2017/565; § 83 Abs. 5, Abs. 10 S. 1 WpHG i. V. m. Art. 76 Abs. 8 Delegierte Verordnung (EU) 2017/565
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Financial services and insurance
- Published
- 19 Aug 2025
- BaFin: Sutor Bank GmbH: Bafin setzt Geldbußen fest (19.08.2025, geändert 01.09.2026) Press release of an authority
- BaFin: Bekanntmachung zur Sutor Bank GmbH (mit Aktualisierung zum Urteil des AG Frankfurt am Main) Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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14 May 2025 SAP SESAP: failure to publish notice on the 2022 annual financial report €1.75m
SAP had not published an announcement stating from when and at which internet address the 2022 annual financial report was publicly available in addition to the company register (Hinweisbekanntmachung). BaFin imposed a fine of 1.75 million EUR; the notice is final.
Even seemingly formal disclosure steps such as the notice announcement need a fixed place in the financial calendar – the range of fines extends up to five per cent of total turnover.
- 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 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Telecoms, IT and software
- Published
- 27 May 2025
- SAP SE: BaFin setzt Geldbuße fest Decision of an authority
- Bekanntmachung der BaFin zur SAP SE (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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6 Mar 2025 Talanx AGBaFin fines Talanx €1.095m for late notice on its half-yearly report €1.1m
On 6 March 2025 BaFin (German Federal Financial Supervisory Authority) imposed a fine of 1,095,000 EUR on Talanx AG. The company had not announced on time from when and at which web address its half-yearly financial report for the 2022 financial year was publicly available in addition to the company register. The fine is final.
Even a seemingly formal availability notice carries fines; financial reporting deadlines belong in the compliance calendar.
Meeting deadlines for financial report availability notices
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- § 115 Abs. 1 S. 2 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 25 Mar 2025
- BaFin: Talanx AG: BaFin setzt Geldbuße fest (25.03.2025, geändert 03.04.2025) Press release of an authority
- BaFin: Bekanntmachung zur Talanx AG Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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4 Feb 2025 Deutsche Bank AGBaFin fines Deutsche Bank €23.05m for organisational and recording failings €23.1m
On 4 February 2025 BaFin (German Federal Financial Supervisory Authority) imposed fines totalling 23,050,000 EUR on Deutsche Bank AG: 14.8 million EUR because, following allegations about the sale of currency derivatives in Spain, the bank took too long to investigate and remedy the shortcomings; 4.6 million EUR because its Postbank branch at times did not record telephone conversations relating to client orders; and 3.65 million EUR because Postbank failed to provide account-switching assistance in 53 cases. The fine is final.
Compliance allegations abroad must be investigated and remedied swiftly; slow remediation is itself an organisational breach.
Complying with recording duties in investment services and account-switching assistance
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 80 Abs. 1 S. 2 Nr. 1 WpHG; § 130 Abs. 1 OWiG i. V. m. § 83 Abs. 3 S. 1 WpHG; §§ 22, 23 Abs. 1 ZKG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Liability of senior managers
- For the telephone-recording complex, a breach of the duty of supervision (§ 130 OWiG, German Administrative Offences Act) was sanctioned: after the pandemic exemptions expired, monitoring and organisational measures were lacking at times.
- Published
- 4 Mar 2025
- BaFin: Deutsche Bank AG: BaFin setzt Geldbußen fest (04.03.2025) Press release of an authority
- BaFin: Bekanntmachung zur Deutsche Bank AG (Geldbußen 23.050.000 Euro) Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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12 Dec 2024 Leonteq AG (Finanzgruppe Leonteq)Leonteq: distribution via unregulated partners – confiscation of 9.3 million CHF in profits €9.98m
The Swiss Financial Market Supervisory Authority (FINMA) found serious breaches of risk management obligations and of the requirement to guarantee irreproachable business conduct: the financial group monitored its distribution chain inadequately and in some cases worked with dubious, unregulated distributors that sold products in countries not intended for them without authorisation. FINMA ordered governance requirements, the termination of these relationships, the appointment of an audit agent and the confiscation of 9.3 million CHF in profits; the ruling was not yet final at the time of publication.
Anyone who distributes via third parties is liable for their regulatory status – sales partners require due diligence just like customers.
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Finanzmarktaufsichtsgesetz (FINMAG)
- Action
- Disgorgement of profits
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- Good cooperation in the proceedings; Leonteq had already strengthened compliance and distribution controls of its own accord and terminated relationships with suspicious distributors
Original amount 9,300,000 CHF, converted at the ECB reference rate of 12 Dec 2024.
- FINMA schliesst Verfahren gegen Leonteq ab Press release of an authority
Checked against the official source on 28 Sep 2026 · Version 2 · Direct link
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3 Jul 2024 a French major bankBaFin fines a French major bank €830,000 over cost disclosures and suitability assessments €830,000
On 3 July 2024 BaFin (German Federal Financial Supervisory Authority) imposed fines totalling 830,000 EUR on a French major bank. In individual cases in the 2019/2020 financial year, its German branch had not informed clients on time and as required about all costs and associated charges of financial instruments, and had provided investment services without obtaining sufficient information on clients' financial situation in the suitability assessment. The fine is final.
Cost disclosure and suitability assessment are core investor protection duties; even individual failures lead to high fines.
Carrying out MiFID II cost disclosures and suitability assessments correctly
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 63 Abs. 7 bis 9 WpHG, Art. 46 Abs. 2 und Art. 50 Abs. 2 Delegierte Verordnung (EU) 2017/565; § 64 Abs. 3 WpHG i. V. m. Art. 54 Abs. 4 Delegierte Verordnung (EU) 2017/565
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Published
- 25 Jul 2024
- BaFin, Maßnahmen und Sanktionen (Übersicht) (Entscheidung 2024) Press release of an authority
Checked against the official source on 2 Oct 2026 · Company name anonymised since 3 Jul 2026 · Direct link
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24 May 2024 a German investment firm of an international banking groupBaFin fines an investment firm €12.975m over algorithmic trading controls €13m
On 24 May 2024 BaFin (German Federal Financial Supervisory Authority) imposed a fine of 12,975,000 EUR on a German investment firm of an international banking group. In May 2022 the investment firm lacked suitable systems and risk controls with appropriate trading thresholds and limits for its algorithmic trading; a manual input error by a trader at a sister company in London, to which monitoring had been outsourced, went undetected and caused a market disruption. The fine is final.
A firm that outsources the monitoring of its algorithmic trading remains fully responsible for effective trading limits and controls against erroneous orders.
Outsourcing does not remove responsibility for trading controls
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 80 Abs. 2 S. 3 Nr. 1 und 2 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 20 Jun 2024
- BaFin, Maßnahmen und Sanktionen (Übersicht) (Entscheidung 2024) Press release of an authority
Checked against the official source on 2 Oct 2026 · Company name anonymised since 24 May 2026 · Direct link
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8 Mar 2024 a small Swiss bankFINMA revokes a small Swiss bank's licence and later opens bankruptcy proceedings Order
The bank repeatedly breached capital requirements and organisational and risk-management requirements, kept faulty accounts, breached duties to provide information and report, and despite a ban on risk-increasing business took on higher-risk client relationships without clarifying their background; the deficiencies persisted despite measures already ordered in 2022. On 8 March 2024 the Eidgenössische Finanzmarktaufsicht (FINMA, Swiss Financial Market Supervisory Authority) revoked the bank's licence and found that it no longer offered the guarantee of irreproachable business conduct; because minimum capital was clearly undershot and over-indebtedness was feared, FINMA opened bankruptcy proceedings on 13 June 2024. At that time the licence revocation was under appeal before the Federal Administrative Court.
Supervisory requirements must be implemented on time; a firm that takes on new risks while deficiencies remain open will ultimately lose its licence.
Capital, organisation and due diligence at small banks
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Bankenaufsichtsrecht: Eigenmittelvorschriften, Organisation und Risikomanagement, Sorgfaltspflichten zur Geldwäschereibekämpfung; Bewilligungsentzug
- Action
- Order
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Employees
- 50 to 249
- Repeat case
- yes
- Published
- 13 Jun 2024
- FINMA, News (Übersicht) (Entscheidung 2024) Press release of an authority
Checked against the official source on 2 Oct 2026 · Company name anonymised since 8 Mar 2026 · Direct link
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1 Mar 2024 a German aircraft engine manufacturerEngine manufacturer: 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.
- BaFin, Maßnahmen und Sanktionen (Übersicht) (Entscheidung 2024) Decision of an authority
Checked against the official source on 28 Sep 2026 · Version 4 · Company name anonymised since 1 Mar 2026 · Direct link
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22 Jan 2024 a German port operatorPort operator: failure to publish notices on financial reports €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.
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
- BaFin, Maßnahmen und Sanktionen (Übersicht) (Entscheidung 2024) Decision of an authority
Checked against the official source on 28 Sep 2026 · Version 4 · Company name anonymised since 22 Jan 2026 · Direct link