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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Where?
by authority- Autorité des services et marchés financiers (FSMA) €1.24m 100 % · 4 cases
What for?
by topicWho?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 0 | — |
| Q1 2024 | 0 | — |
| Q2 2024 | 0 | — |
| Q3 2024 | 0 | — |
| Q4 2024 | 0 | — |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 1 | €10,000 |
| Q4 2025 | 1 | €75,000 |
| Q1 2026 | 0 | — |
| Q2 2026 | 2 | €1.15m |
| Q3 2026 | 0 | — |
4 cases
26 Jun 2026 Banque Degroof Petercam SABanque Degroof Petercam: 1 million EUR settlement over hidden costs in employee stock options €1m
In stock option plans for employees of client companies (2018–2023), the bank did not fully inform the beneficiaries about costs, had initially not recorded the conflicts of interest in this business and assessed clients’ knowledge only with a yes/no question. The Autorité des services et marchés financiers (Belgian Financial Services and Markets Authority, FSMA) accepted a settlement of 1 million EUR with publication by name and commitments on cost information.
Full cost transparency and a dedicated conflicts register also apply to ancillary business such as employee stock option plans.
- Authority / court
- Autorité des services et marchés financiers (FSMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Loi du 2 août 2002; Wohlverhaltensregeln (Loyalität, Kostentransparenz, bestmögliche Ausführung, Interessenkonflikte, Kundenkenntnis)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Repeat case
- yes
- Mitigating circumstances
- Remediation of all deficiencies (appropriateness test, conflicts policy, cost disclosure, waiver of CVA/KVA discounts).
- Published
- 26 Jun 2026
- FSMA – Règlement transactionnel Banque Degroof Petercam (26.06.2026) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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5 May 2026 P&V Assurances SCP&V Assurances: 150,000 EUR – distribution via a deregistered insurance intermediary €150,000
One of the insurer’s intermediaries was removed from the FSMA register in December 2023; owing to a human data entry error in the monitoring tool, P&V only noticed this after more than a month and concluded 34 contracts through him during that time. The Autorité des services et marchés financiers (Belgian Financial Services and Markets Authority, FSMA) accepted a settlement of 150,000 EUR; there had already been a settlement for the same amount in 2020.
Automated register checks are only as good as the underlying data maintenance – critical entries require a four-eyes principle.
Care in master data maintenance / register reconciliation
- Authority / court
- Autorité des services et marchés financiers (FSMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Loi du 4 avril 2014 relative aux assurances, Art. 259
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Repeat case
- yes
- Mitigating circumstances
- IT adjustments to prevent recurrence.
- Published
- 5 May 2026
- FSMA – Règlement transactionnel P&V Assurances SC (05.05.2026) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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21 Oct 2025 Taxshelter.be SATaxshelter.be: 75,000 EUR for missing prospectus supplement on guarantee risks €75,000
After the tax authority had refused the tax shelter certificates for a financed show and the insurer left cover open, the provider failed to inform investors of this material risk in good time by means of a prospectus supplement. The Autorité des services et marchés financiers (Belgian Financial Services and Markets Authority, FSMA) accepted a settlement of 75,000 EUR with publication by name.
New material risks for investors trigger an immediate obligation to publish a supplement – not only in the next annual prospectus.
- Authority / court
- Autorité des services et marchés financiers (FSMA)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Verordnung (EU) 2017/1129 Art. 23; Loi du 11 juillet 2018 (Loi Prospectus)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 21 Oct 2025
- FSMA – Règlement transactionnel Taxshelter.be (21.10.2025) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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16 Sep 2025 Go West Invest SAGo West Invest: 10,000 EUR for outdated information note in tax shelter offering €10,000
From June 2021 to October 2024, the company, which raises tax shelter funds through public offerings, kept a public offering on its website with an information note from 2020 without publishing an updated note and filing it with the Autorité des services et marchés financiers (Belgian Financial Services and Markets Authority, FSMA); several dozen investors with an investment volume of under 5 million EUR were affected. The FSMA accepted a settlement of 10,000 EUR.
Investor information has an expiry date – a deadline calendar for mandatory documents prevents infringements.
- Authority / court
- Autorité des services et marchés financiers (FSMA)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Loi du 11 juillet 2018 (Loi Prospectus), Art. 10, 11
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 16 Sep 2025
- FSMA – Règlement transactionnel SA Go West Invest (16.09.2025) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link