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.

South Korea Capital markets and financial supervision Clear all filters

1case from 1 jurisdiction

€18.2mTotal of monetary amounts

€18.2mLargest single case: a Swiss major bank and its Singapore subsidiary

€18.2mMedian per case with an amount

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by amount by number of cases

Where?

by authority

Securities and Futures Commission (SFC) der Financial Services Commission (FSC) €18.2m 100 % · 1 case

What for?

by topic

Market abuse and insider dealing €18.2m 100 % · 1 case

Who?

by sector

All sectors

Financial services and insurance €18.2m 100 % · 1 case

When?

per year, by date of decision

Trend
Period	Cases	Total
2024	1	€18.2m
2025	0	–
2026	0	–

1 case

Newest first Highest amounts

3 Jul 2024 a Swiss major bank and its Singapore subsidiaryNaked short selling: KRW 27.2bn against two former entities of a Swiss major bank South KoreaMarket abuse and insider dealinganonymised €18.2m

The Securities and Futures Commission (SFC) of the Financial Services Commission (Korea's financial regulator) found that the Swiss bank (now part of another banking group) had placed short sale orders worth around KRW 60.33 billion (162,365 shares in 20 stocks) between 7 April 2021 and 9 June 2022, and its Singapore subsidiary orders worth around KRW 35.28 billion (401,195 shares in five stocks) between 29 November 2021 and 9 June 2022, without holding the shares. At its meeting on 3 July 2024 it imposed fines totalling KRW 27,173 million (around KRW 16.94 billion on the Swiss bank and around KRW 10.23 billion on the Singapore subsidiary), according to the FSC the highest and third-highest individual fines for naked short selling since such fines were introduced in April 2021.

What organisations can take from it

Trading systems must check before every sell order whether the securities are actually held or borrowed.

Relevance to training and awareness

Short selling rules and position checks before placing orders

Authority / court: Securities and Futures Commission (SFC) der Financial Services Commission (FSC)
Area of law: Capital markets and financial supervision · Market abuse and insider dealing
Legal basis: Leerverkaufsvorschriften des Financial Investment Services and Capital Markets Act (FSCMA)
Action: Fine
Status of proceedings: unknown
Sector: Financial services and insurance
Employees: 10,000 or more
Published: 3 Jul 2024

Original amount 27,173,000,000 KRW, converted at the ECB reference rate of 3 Jul 2024.

Sources

Securities and Futures Commission (SFC) der Financial Services Commission (FSC), Veröffentlichung der Behörde (Entscheidung 2024) Decision of an authority

Checked against the official source on 8 Oct 2026 · Company name anonymised since 3 Jul 2026 · Direct link

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How the radar is compiled

Official sources only

Every case is based on a decision, press release or database of an authority or a court. Press and law-firm reports count at most as additional references.

Four-eyes check

Whoever enters a case may not approve it. A second, independent check compares company, date, amount and area of law with the source. Only then is the case published.

Comparable amounts

Amounts are converted at the ECB reference rate on the day of the decision. Each case also shows the original amount.

Corrections on record

A correction is a new version that is checked again. Every change is logged. You can report errors directly on each case.

Case texts are translated from the German original. Where a translation is not yet available, the German text is shown and marked “(German original)”. Names of authorities, laws and companies are given as in the source (company names until they are anonymised).

Company names are anonymised two years after the decision in a case, in line with the practice of many supervisory authorities. The official sources remain linked.

The radar reports on published decisions and is not legal advice. Decisions that are not yet final are marked as such where the status is known.

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