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 Sector Conduct Authority (FSCA) 4 cases 100 % ·
What for?
by topic- Organisational requirements 2 cases 50 % ·
- no topic 2 cases 50 % ·
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 | 0 | – |
| Q1 2025 | 1 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 2 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 1 | – |
| Q4 2026 | 0 | – |
4 cases
17 Jul 2026 80 Eight South Africa (Pty) Ltd (vormals Ela Asset Management (Pty) Ltd)80 Eight South Africa: failing to protect clients against fraud Fine
The financial services provider had not made sure that its clients were protected against losses from theft, fraud or other dishonest acts by its employees; one individual's misconduct caused clients substantial losses. The company was directed to introduce, within two months, a policy protecting against such risks. The amount and the facts have not been confirmed against the primary source.
Financial services providers need effective controls against fraud by their own employees – even contraventions they discover and report themselves can lead to a penalty and directives.
Insider fraud and internal controls
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Sections 2 und 11 General Code of Conduct for Authorised Financial Services Providers and Representatives (2003); Section 13(3)(a) Financial Advisory and Intermediary Services Act 37 of 2002; Section 42(1) Determination of Fit and Proper Requirements for Financial Services Providers (2017)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- According to the authority's update of 22 July 2026, the company had itself discovered and reported the contraventions, which occurred in 2021.
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 17 Jul 2026
- FSCA Press Release, 17 July 2026 Press release of an authority
- FSCA Press Release, 22 July 2026: Update regarding 80 Eight South Africa (Pty) Ltd Press release of an authority
- FSCA Enforcement Actions, entry of 17 July 2026 Enforcement database of an authority
Checked against the official source on 4 Oct 2026 · Direct link
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9 Dec 2025 Banxso (Pty) LtdBanxso: penalties for misuse of client funds Fine
The investigation found that the financial services provider had, among other things, misused client funds, supplied false or misleading information to clients and the regulator, promised unrealistic returns and not acted in the interests of clients. The amount and the facts have not been confirmed against the primary source.
Segregation and protection of client funds; no promises of returns
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Capital markets and financial supervision
- Legal basis
- Financial Sector Regulation Act 9 of 2017; Financial Advisory and Intermediary Services Act 37 of 2002; General Code of Conduct for Authorised Financial Services Providers and Representatives (2003); Financial Institutions (Protection of Funds) Act 28 of 2001; Determination of Fit and Proper Requirements for FSPs (2017); Financial Markets Act Regulations (2018)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 9 Dec 2025
- FSCA Press Release, 09 December 2025 Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link
Report an error
9 Dec 2025 The Relocations Group (Pty) LtdFSCA: The Relocations Group over unlicensed insurance business Fine
Following client complaints, the FSCA found that the company and its predecessor South African Relocations had issued marine (transit) insurance policies to the public without authorisation, thereby acting as unlicensed insurers. The amount and the facts have not been confirmed against the primary source.
A company that issues its own insurance policies to customers is conducting licensable insurance business and needs a licence or a licensed insurer as partner.
Licensing requirement for issuing insurance policies
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Short-term Insurance Act, s. 7(1); Insurance Act, s. 5(1); Financial Sector Regulation Act 9 of 2017, s. 139
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Transport, logistics and shipping
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 9 Dec 2025
- FSCA Press Release, 09 December 2025 Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link
Report an error
6 Feb 2025 Kings International Removers (Pty) LtdKings International Removers: insurance policies issued without a licence Fine
Following a complaint from a client, the authority found that the company had provided financial services without FSP authorisation and had issued short-term non-life insurance policies to private individuals without an insurance licence. The amount and the facts have not been confirmed against the primary source.
Licensing requirements for insurance and financial services
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Capital markets and financial supervision
- Legal basis
- Sections 7(1) und 8(9)(c) Financial Advisory and Intermediary Services Act 37 of 2002; Sections 7(1) und 8(2)(d) Short-term Insurance Act 53 of 1998; Section 5(1) Insurance Act 18 of 2017
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Transport, logistics and shipping
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 6 Feb 2025
- FSCA Press Release, 06 February 2025 Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link