Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America and Asia-Pacific: 1,838 cases from 37 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- Federal Court of Australia (auf Antrag der Australian Securities and Investments Commission, ASIC) €48.7m 100 % · 4 cases
What for?
by action- Fine €48.7m 100 % · 4 cases
Who?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q4 2023 | 0 | – |
| Q1 2024 | 0 | – |
| Q2 2024 | 0 | – |
| Q3 2024 | 0 | – |
| Q4 2024 | 1 | €4.87m |
| Q1 2025 | 1 | €16.5m |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 1 | €5.98m |
| Q2 2026 | 1 | €21.4m |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
4 cases
18 Jun 2026 HSBC Bank Australia LimitedHSBC Bank Australia: AUD 35m penalty for failing to protect customers from scams €21.4m
HSBC admitted that from May 2023 to May 2024 it lacked adequate controls against unauthorised payments via its internal transfer channel, that from January 2020 it handled scam reports under the ePayments Code too slowly (144 days on average) and without applying the liability rules, and that until April 2024 it gave affected customers no orderly way back into their accounts. The Court imposed AUD 35 million (AUD 10 million for the fraud controls, AUD 22.5 million for the contraventions relating to the ePayments Code, AUD 2.5 million for restoring account access) and ordered notices on the website, in the app and in letters to customers.
Banks must deploy scam controls on every payment channel and handle scam reports within the deadlines of the applicable rules.
Fraud and scam prevention in payments and handling of customer scam reports
- Authority / court
- Federal Court of Australia (auf Antrag der Australian Securities and Investments Commission, ASIC)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- s 912A(1)(a), (5A) Corporations Act 2001 (Cth); s 47(1)(a), (4) National Consumer Credit Protection Act 2009 (Cth)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- no
- Mitigating circumstances
- Admissions and jointly proposed penalty; remediation programme with payments of AUD 27,915,700.56 by 21 May 2026; no previous contraventions of a similar nature.
- Liability of senior managers
- According to the agreed facts, senior management was also aware before May 2023 of heightened fraud risks and gaps in the controls.
- Published
- 18 Jun 2026
Original amount 35,000,000 AUD, converted at the ECB reference rate of 18 Jun 2026.
- ASIC 26-127MR: Federal Court orders $35 million penalty against HSBC for scam protection failures Press release of an authority
- ASIC v HSBC Bank Australia Limited [2026] FCA 847 (18 June 2026) Court decision
Checked against the official source on 3 Oct 2026 · Direct link
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27 Mar 2026 Oztures Trading Pty Ltd (Binance Australia Derivatives)Binance Australia Derivatives: 10 million AUD for misclassified retail clients €5.98m
The Federal Court of Australia, on application by the Australian Securities and Investments Commission (ASIC, Australia's corporate, markets and financial services regulator), imposed a penalty of 10 million AUD because, between July 2022 and April 2023, the provider of crypto derivatives wrongly classified 524 retail clients – more than 85% of its Australian client base – as wholesale clients, depriving them of, among other things, a Product Disclosure Statement, a target market determination and a compliant internal dispute resolution system. The causes were deficient onboarding processes – such as a multiple-choice test that could be retaken without limit – and inadequate training and review; the affected clients suffered 8.66 million AUD in trading losses and paid 3.89 million AUD in fees.
Classifications that remove client protections require robust evidence, trained staff and effective oversight – a knowledge test that can be retaken at will is no substitute for a proper assessment.
Client classification (retail or wholesale) and verification of evidence during onboarding
Missing or inadequate training played a role in the decision.
- Authority / court
- Federal Court of Australia (auf Antrag der Australian Securities and Investments Commission, ASIC)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Corporations Act 2001 (Cth) ss 1012B(3)(a)(i) und (iii), 994B(1) und (2)(a), 912A(1)(a), (b), (f) und (g); Geldbuße nach s 1317G
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- no
- Mitigating circumstances
- Full compensation of affected clients (around 13.1 million AUD) overseen by ASIC, cooperation in the investigation and the proceedings, admission of all contraventions; no previous court findings.
- Published
- 27 Mar 2026
Original amount 10,000,000 AUD, converted at the ECB reference rate of 27 Mar 2026.
Checked against the official source on 3 Oct 2026 · Direct link
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21 Feb 2025 AustralianSuper (Trustee des Pensionsfonds AustralianSuper)AustralianSuper: AUD 27m penalty for failing to merge duplicate member accounts €16.5m
From July 2013 to March 2023 the trustee of Australia’s largest superannuation fund did not merge the duplicate accounts of around 90,700 members, although s 108A of the SIS Act requires this; members lost around AUD 69 million through duplicate fees, insurance premiums and lost earnings. The Court found a breach of fundamental trustee obligations and imposed AUD 27 million; all affected members have been remediated.
Known compliance gaps must be escalated and remedied with sufficient resources; lack of staff is no excuse.
Escalating and remedying identified compliance gaps that harm customers
- Authority / court
- Federal Court of Australia (auf Antrag der Australian Securities and Investments Commission, ASIC)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- ss 52, 108A Superannuation Industry (Supervision) Act 1993 (Cth)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- Self-report of potential breaches to ASIC in December 2021; remediation of all affected members.
- Liability of senior managers
- According to the judgment, issues were not escalated and senior management oversight was absent; under-resourcing delayed the remedy.
- Published
- 21 Feb 2025
Original amount 27,000,000 AUD, converted at the ECB reference rate of 21 Feb 2025.
Checked against the official source on 3 Oct 2026 · Direct link
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12 Dec 2024 Bit Trade Pty Ltd (Betreiber der Kryptobörse Kraken)Kraken operator Bit Trade: AUD 8m penalty for missing target market determination €4.87m
From October 2021 Bit Trade offered more than 1,100 Australian customers a “margin extension” product, which the Court classified as a credit facility, without having made the required target market determination. Customers paid more than USD 7 million in fees and interest and suffered trading losses of more than USD 5 million. The Court imposed AUD 8 million; it was the first penalty for a missing target market determination.
Crypto providers too must check whether their products are regulated financial products and make a target market determination before distribution.
Product approval and target market determinations for new financial and crypto products
- Authority / court
- Federal Court of Australia (auf Antrag der Australian Securities and Investments Commission, ASIC)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Design and Distribution Obligations des Corporations Act 2001 (Cth) (Pflicht zur Target Market Determination)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 12 Dec 2024
Original amount 8,000,000 AUD, converted at the ECB reference rate of 12 Dec 2024.
- ASIC 24-274MR: Kraken crypto exchange operator to pay $8 million following ASIC enforcement action Press release of an authority
Checked against the official source on 3 Oct 2026 · Direct link