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: 2,033 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 authority- Financial Services Agency (FSA, 金融庁) 2 cases 40 % ·
- Financial Services Agency (FSA, 金融庁) auf Empfehlung der Securities and Exchange Surveillance Commission (SESC, 証券取引等監視委員会) 2 cases 40 % · €642,643
- Kanto Local Finance Bureau (関東財務局) auf Empfehlung der Securities and Exchange Surveillance Commission (SESC, 証券取引等監視委員会) 1 case 20 % ·
What for?
by topicWho?
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 | €131,155 |
| Q1 2025 | 1 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 1 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 1 | – |
| Q3 2026 | 1 | €511,488 |
| Q4 2026 | 0 | – |
5 cases
16 Sep 2026 ENECHANGE株式会社ENECHANGE: 91.495 million JPY over overstated revenue in quarterly report and prospectus €511,488
Because revenue had been overstated at the company and its consolidated subsidiary or subsidiaries, the quarterly report for the third quarter of 2023 (filed on 10 November 2023) showed a consolidated loss of 1,382,861 thousand JPY instead of 1,662,516 thousand JPY; the registration statement for a share issue relied on this report, and on 26 February 2024 3,784,200 shares were issued for 3,999,899,400 JPY. After the company admitted the facts and the amount, an administrative monetary penalty (kachōkin) of 91,495,000 JPY was imposed: 1,500,000 JPY for the quarterly report and 89,995,000 JPY for the registration statement.
Revenue recognition at subsidiaries should be scrutinised before any capital increase; an error in a quarterly report becomes many times more expensive through the prospectus.
Correct revenue recognition before capital market transactions
- Authority / court
- Financial Services Agency (FSA, 金融庁) auf Empfehlung der Securities and Exchange Surveillance Commission (SESC, 証券取引等監視委員会)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Financial Instruments and Exchange Act (FIEA, 金融商品取引法) Art. 172-4 Abs. 2 a. F., Art. 172-2 Abs. 1 Nr. 1, Art. 185-7 Abs. 1 und 14
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Energy and utilities
- Mitigating circumstances
- Both partial amounts were halved because the company had filed a report for a reduction before the inspection began (Art. 185-7(14) FIEA).
- Published
- 17 Sep 2026
Original amount 91,495,000 JPY, converted at the ECB reference rate of 16 Sep 2026.
- 金融庁 – 決定要旨 令和８年度（判）第４号 ＥＮＥＣＨＡＮＧＥ株式会社 (Entscheidung vom 16.09.2026) Decision of an authority
- 金融庁 – ＥＮＥＣＨＡＮＧＥ（株）における四半期報告書等の虚偽記載に対する課徴金納付命令の決定について（令和８年９月17日） Press release of an authority
- SESC – ＥＮＥＣＨＡＮＧＥ株式会社における四半期報告書等の虚偽記載に係る課徴金納付命令勧告について（令和８年６月12日） Press release of an authority
- 金融庁 – 令和８年度課徴金納付命令等一覧 Enforcement database of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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19 Jun 2026 moomoo証券株式会社moomoo Securities: three months without new accounts after false NISA information and AML gaps Order
From February to May 2025 the online broker wrongly displayed at least 77 US ETFs and ETNs as eligible for NISA (59 clients traded 25 of them in the tax-advantaged account) and repeated this for a further security after discovery, handled affected clients carelessly and unequally, had since 2024 refused all transfers of holdings to other institutions, carried out no suspicious-transaction assessment for at least 1,531 rejected account applicants and managed cyber and system risks inadequately. Soliciting and accepting new accounts was prohibited from 19 June to 18 September 2026, together with a business improvement order.
A firm that grows fast with account-opening bonuses must scale product approval, complaints handling, suspicious-transaction checks and IT security at the same pace.
Accurate product information and suspicious-transaction checks also for rejected clients
Missing or inadequate training played a role in the decision.
- Authority / court
- Kanto Local Finance Bureau (関東財務局) auf Empfehlung der Securities and Exchange Surveillance Commission (SESC, 証券取引等監視委員会)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Financial Instruments and Exchange Act (FIEA, 金融商品取引法) Art. 52 Abs. 1, Art. 51; Art. 38 Nr. 1, Art. 43, Art. 40 Nr. 2 FIEA i. V. m. Art. 123 Abs. 1 Nr. 14 Cabinet Office Order on Financial Instruments Business; Act on Prevention of Transfer of Criminal Proceeds (犯罪収益移転防止法)
- Action
- Order
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 19 Jun 2026
- 関東財務局 – moomoo証券株式会社に対する行政処分について（令和8年6月19日） Press release of an authority
- 金融庁 – moomoo証券株式会社に対する行政処分について（令和８年６月19日） Press release of an authority
- FSA – 行政処分事例集 (Sammlung der Verwaltungsmaßnahmen, Stand 30.06.2026, Excel) Enforcement database of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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31 Oct 2025 いわき信用組合 (Iwaki Credit Cooperative)Iwaki Credit Cooperative: lending halt for new clients after payments to anti-social forces Order
Among other things, between 2004 and 2011 the credit cooperative had channelled loans taken out in the names of uninvolved people without their knowledge, and via shell companies, to a distressed large borrower group, thereby circumventing large-exposure limits; it had paid large cash sums to anti-social forces (hanshakai-teki seiryoku), carried out no suspicious-transaction assessments and given false reports and false statements to the supervisor. Besides a comprehensive business improvement order, lending to new clients was suspended from 17 November to 16 December 2025, combined with training of all staff away from day-to-day business and the immediate severing of ties with anti-social forces; it was the second order against the cooperative in 2025.
When management and control functions jointly cover up breaches, only a rebuild of governance helps, and every false statement to the supervisor makes the consequences worse.
Resisting demands from anti-social forces and truthful information to the supervisor
Missing or inadequate training played a role in the decision.
- Authority / court
- Financial Services Agency (FSA, 金融庁)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Act on Financial Businesses by Cooperatives (協同組合による金融事業に関する法律) Art. 6 Abs. 1 i. V. m. Banking Act (銀行法) Art. 26 Abs. 1; Art. 10 Nr. 2 und 3 (falsche Berichte und Aussagen); Act on Prevention of Transfer of Criminal Proceeds (犯罪収益移転防止法)
- Action
- Order
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- yes
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 31 Oct 2025
- 金融庁 – いわき信用組合に対する行政処分について（令和７年10月31日） Press release of an authority
- 金融庁 – いわき信用組合に対する行政処分について（令和７年５月29日, frühere Anordnung des Tohoku Local Finance Bureau） Press release of an authority
- FSA – 行政処分事例集 (Sammlung der Verwaltungsmaßnahmen, Stand 30.06.2026, Excel) Enforcement database of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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24 Mar 2025 Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, Mitsui Sumitomo Insurance u. a. (4 Unternehmen)Four insurers: orders after customer data were passed on via agencies Order
Multi-insurer agencies had forwarded policyholder data to competing insurers, and insurance staff seconded to agencies had sent the agencies’ customer data to their employer without the agencies’ consent; from the agency channel alone, Tokio Marine & Nichido reported 1,004,861, Sompo Japan 799,331, Mitsui Sumitomo 319,915 and Aioi Nissay Dowa 221,144 affected records. The business improvement orders under Art. 132(1) of the Insurance Business Act require a compliance organisation for data protection and unfair competition law, customer data management also at the agencies, stricter rules on secondments, a review by external experts and a fundamental overhaul of the improvement plans submitted after the December 2023 order.
Seconded staff and multi-insurer agencies are data protection risks: customer data may only flow between agency and insurer on a lawful basis.
Passing on customer data in sales via agencies
Missing or inadequate training played a role in the decision.
- Authority / court
- Financial Services Agency (FSA, 金融庁)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Insurance Business Act (保険業法) Art. 132 Abs. 1; Bezug zum APPI (個人情報保護法) und zum Unfair Competition Prevention Act (不正競争防止法)
- Action
- Order
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Repeat case
- yes
- Published
- 24 Mar 2025
- 金融庁 – 損害保険会社４社に対する行政処分について（令和７年３月24日） Press release of an authority
- 金融庁 – 東京海上日動火災保険株式会社に対する行政処分について（PDF） Decision of an authority
- 金融庁 – 損害保険ジャパン株式会社に対する行政処分について（PDF） Decision of an authority
- FSA – 行政処分事例集 (Sammlung der Verwaltungsmaßnahmen, Stand 30.06.2026, Excel) Enforcement database of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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30 Oct 2024 野村證券株式会社 (Nomura Securities Co., Ltd.)Nomura Securities: 21.76 million JPY for layering in Japanese government bond futures €131,155
A person engaged in the firm’s proprietary trading had, on 9 March 2021, repeatedly placed several layered orders in the order book for the long-term JGB future (March 2021 contract) on the Osaka Exchange to create a false impression of active trading, and then bought lower or sold higher. After administrative proceedings were opened, Nomura admitted the facts and the amount; an administrative monetary penalty (kachōkin) of 21,760,000 JPY was imposed, made up of 6,940,000 JPY for the matched volume and 14,820,000 JPY for the excess purchases.
Trade surveillance must detect layering patterns in proprietary trading, including in bond futures and not only in equities.
Spoofing and layering in proprietary trading
- Authority / court
- Financial Services Agency (FSA, 金融庁) auf Empfehlung der Securities and Exchange Surveillance Commission (SESC, 証券取引等監視委員会)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Financial Instruments and Exchange Act (FIEA, 金融商品取引法) Art. 174-2 Abs. 1 und 8, Art. 159 Abs. 2 Nr. 1; FIEA Enforcement Order Art. 33-13 Nr. 2; Art. 185-7 Abs. 1
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Published
- 31 Oct 2024
Original amount 21,760,000 JPY, converted at the ECB reference rate of 30 Oct 2024.
- 金融庁 – 長期国債先物に係る相場操縦に対する課徴金納付命令の決定について（令和６年10月31日） Press release of an authority
- 金融庁 – 決定要旨 令和６年度（判）第19号 (Entscheidung vom 30.10.2024) Decision of an authority
- SESC – 野村證券株式会社による長期国債先物に係る相場操縦に対する課徴金納付命令の勧告について（令和６年９月25日） Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link