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.
Click a bar to drill down one level.
Where?
by country- Germany 8 cases 22 % · €3.46m
- Cyprus 5 cases 14 % · €511,500
- Belgium 4 cases 11 % · €1.24m
- EU level 3 cases 8 % · €5.72m
- France 3 cases 8 % · €2.94m
- Luxembourg 3 cases 8 % · €250,000
- Finland 2 cases 5 % · €470,000
- Lithuania 2 cases 5 % · €762,000
- Austria 1 case 3 % · €300,000
- Estonia 1 case 3 % · €16,000
- 5 more5 cases
What for?
by topicWho?
by sectorAll sectors
- Financial services and insurance 23 cases 62 % · €10m
- Manufacturing and mechanical engineering 4 cases 11 % · €1.53m
- Telecoms, IT and software 3 cases 8 % · €2.41m
- Automotive 1 case 3 % · €180,000
- Construction and real estate 1 case 3 % · €300,000
- Chemicals and pharmaceuticals 1 case 3 % · €800,000
- Energy and utilities 1 case 3 % · €190,000
- Retail and e-commerce 1 case 3 % · €1.72m
- Other 1 case 3 % · €16,500
- Transport, logistics and shipping 1 case 3 % · €200,000
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 1 | €280,000 |
| Q1 2024 | 3 | €2.4m |
| Q2 2024 | 0 | — |
| Q3 2024 | 1 | €420,000 |
| Q4 2024 | 2 | €698,080 |
| Q1 2025 | 2 | €1.03m |
| Q2 2025 | 2 | €3.47m |
| Q3 2025 | 6 | €1.03m |
| Q4 2025 | 4 | €191,000 |
| Q1 2026 | 4 | €2.25m |
| Q2 2026 | 9 | €4.98m |
| Q3 2026 | 3 | €604,687 |
37 cases
16 Sep 2026 AIFM Capital ABAIFM Capital: 2 million SEK for inadequate selection and oversight of fund managers €177,187
As a so-called fund hotel, the company had its funds managed by other firms, but examined these delegation agreements only insufficiently, did not take the related decisions properly and did not monitor the funds’ returns in relation to risk closely enough. The Swedish financial supervisory authority Finansinspektionen (FI) issued a remark and imposed 2 million SEK; no damage to investors was established.
Outsourcing tasks does not outsource responsibility: document the selection of service providers, the decisions taken and ongoing oversight.
- Authority / court
- Finansinspektionen (FI)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Schwedisches Fondsrecht – Regeln zur Delegation der Fondsverwaltung und deren Überwachung
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- No established damage to investors; remedial measures already taken during the investigation.
- Published
- 16 Sep 2026
Original amount 2,000,000 SEK, converted at the ECB reference rate of 16 Sep 2026.
- FI ger AIFM Capital en anmärkning och en sanktionsavgift (16.09.2026) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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16 Jul 2026 TeamViewer SETeamViewer: cyberattack not disclosed as inside information without delay €240,000
Germany's Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) imposed a fine of 240,000 EUR on the software company because it had not disclosed the information about a cyberattack it had suffered as inside information without delay. The fine notice is final.
Put serious IT security incidents immediately before the ad hoc disclosure committee as well – the incident response process must take capital market disclosure into account.
Recognising security incidents as potential inside information and reporting them to the ad hoc disclosure committee
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 UAbs. 1 MAR (EU) Nr. 596/2014
- Action
- Fine
- Status of proceedings
- final
- Sector
- Telecoms, IT and software
- Published
- 20 Jul 2026
- TeamViewer SE: BaFin setzt Geldbuße fest Decision of an authority
- Bekanntmachung der BaFin zur TeamViewer SE (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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10 Jul 2026 Brown Capital Management LLCBrown Capital Management: voting rights notifications not submitted on time €187,500
The Baltimore-based US asset manager had not submitted voting rights notifications to the issuer and BaFin in time; the deadline is four trading days after reaching a notifiable threshold. BaFin imposed a fine of 187,500 EUR; the notice is final.
Anyone investing in German issuers needs automated threshold monitoring with clear responsibility for the four-day deadline.
Threshold monitoring and notification deadlines for shareholdings
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- § 33 Abs. 1 Satz 1 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 22 Jul 2026
- Brown Capital Management LLC: BaFin setzt Geldbußen fest Decision of an authority
- Bekanntmachung der BaFin zur Brown Capital Management LLC (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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30 Jun 2026 Moody's Deutschland GmbHESMA fines Moody's Deutschland 2.1 million EUR €2.15m
The credit rating agency did not submit up-to-date rating information to the European Securities and Markets Authority (ESMA), did not provide complete historical performance data to the central repository and lacked adequate procedures and internal control mechanisms. ESMA found negligent infringements and imposed fines totalling 2,145,000 EUR.
Reporting obligations to the supervisory authority are data quality issues – without functioning internal controls, they become a risk of fines.
- Authority / court
- Europäische Wertpapier- und Marktaufsichtsbehörde (ESMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Verordnung (EG) Nr. 1060/2009 (CRA-Verordnung), Art. 24, 36a, Anhang III
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Culpability
- negligent
- Repeat case
- yes
- Decision of the Board of Supervisors – Moody's Deutschland GmbH (ESMA43-857238790-2075) Decision of an authority
- ESMA Sanctions and Enforcement Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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30 Jun 2026 „Paysera LT“, UABPaysera: daily fine for missing annual accounts adds up to 362,000 EUR €362,000
Because Paysera did not comply with the order to submit its 2024 annual financial statements by 30 September 2025, the Lietuvos bankas (Bank of Lithuania, financial supervisor) first imposed 20,000 EUR in November 2025 and then a daily fine of 1,000 EUR (rising to 2,000 and 3,000 EUR respectively). As the infringement was only remedied after 6 May 2026, the daily fine added up to 362,000 EUR. Source: archived copy of the press release.
Running daily fines make every delay expensive – supervisory orders need top-management priority.
- Authority / court
- Lietuvos bankas (Litauische Zentralbank, Finanzaufsicht)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Aufsichtsrechtliche Anordnung und Berichtspflichten nach litauischem E-Geld-Recht
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- yes
- Published
- 30 Jun 2026
- Lietuvos bankas, Pranešimas 2026-06-30 (Archivkopie web.archive.org von lb.lt) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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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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23 Jun 2026 VARTA AGVARTA: late ad hoc announcement and missing half-yearly financial report €620,000
BaFin imposed fines on the battery manufacturer because it had not disclosed inside information without delay and had not published the half-yearly financial report for the 2024 financial year.
Ad hoc assessments and periodic disclosure require fixed responsibilities and deadline controls so that neither inside information nor mandatory reports are left pending.
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 UAbs. 1 MAR; § 115 Abs. 1 Satz 1 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Manufacturing and mechanical engineering
- Published
- 1 Jul 2026
- VARTA AG: BaFin setzt Geldbußen fest Decision of an authority
- Bekanntmachung der BaFin zur VARTA AG (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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8 Jun 2026 A. Tsokkos Hotels Public LimitedCyprus: 16,500 EUR against A. Tsokkos Hotels for late annual financial report €16,500
The listed hotel group did not publish its 2024 annual financial report on time; the Cyprus Securities and Exchange Commission (CySEC) imposed a total of 16,500 EUR. At the same meeting, eleven other issuers were fined between 1,500 and 17,000 EUR for the same reason; a fine of 13,500 EUR had already been imposed on the company under the same law in 2025.
Publication deadlines for financial reports are not negotiable – repeated delays lead to fines and, in extreme cases, to suspension of trading.
- Authority / court
- Cyprus Securities and Exchange Commission (CySEC)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Sec. 9(1), 37(2)(a) Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law 2007
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Other
- Repeat case
- yes
- Published
- 7 Aug 2026
- CySEC Board Decision – Fines under the Transparency Requirements Law (08.06.2026) Decision of an authority
- CySEC Board Decision – Fines under the Transparency Requirements Law (14.07.2025, Jahresbericht 2023) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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27 May 2026 Soltec Power Holdings, SASoltec: incorrect 2023 annual figures reported to the market €190,000
The manufacturer of solar tracking systems disseminated its results for 2023 by way of an "Otra Información Relevante" announcement containing inaccurate information. Spain's National Securities Market Commission (CNMV) imposed a fine of 190,000 EUR for a serious infringement; the company waived administrative appeals.
Voluntary market announcements on results are also subject to MAR – figures must be reconciled before publication.
- Authority / court
- Comisión Nacional del Mercado de Valores (CNMV)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 297.1.e i. V. m. 297.2.d Ley 6/2023; Art. 17 i. V. m. Art. 7 MAR
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Energy and utilities
- Published
- 3 Aug 2026
- Resolución de 17 de julio de 2026 (BOE-A-2026-16923) – sanción a Soltec Power Holdings, SA Official register or notice
- CNMV – Registro público de sanciones Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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25 May 2026 Robomarkets LtdCyprus: Robomarkets pays 100,000 EUR under settlement over CFD sales to retail clients €100,000
For the period June 2023 to June 2024, the Cyprus Securities and Exchange Commission (CySEC) examined the investment firm’s organisational requirements, client information, appropriateness assessment and compliance with the restrictions on marketing CFDs to retail investors. The proceedings were concluded with a settlement of 100,000 EUR, which the company has already paid.
When selling CFDs to retail clients, the appropriateness assessment and product intervention rules are central points of supervisory scrutiny.
Appropriateness assessment when selling complex products
- Authority / court
- Cyprus Securities and Exchange Commission (CySEC)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Art. 22(1), 25(1), 26(3) Gesetz über Wertpapierdienstleistungen 2017; Art. 42 VO (EU) 600/2014; CySEC-Richtlinie DI87-09; Art. 37(4) CySEC-Gesetz
- Action
- Other
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 24 Aug 2026
- CySEC Board Decision – Robomarkets Ltd – Settlement €100.000 Decision of an authority
- CySEC Board Decisions Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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13 May 2026 Oma Säästöpankki OyjOma Säästöpankki: 400,000 EUR over late and incomplete insider lists €400,000
The bank failed to draw up insider lists in good time for two pieces of inside information (termination of the core banking project with Cognizant in 2021, merger talks with Liedon Säästöpankki in 2022), did not update them and omitted mandatory information. The Finanssivalvonta (Finnish Financial Supervisory Authority, FIN-FSA) imposed a total fine of 400,000 EUR; the decision was not appealed and is final.
Insider lists must be created from the moment inside information exists – a fixed process with designated responsible persons prevents gaps.
Insider lists and handling of inside information
- Authority / court
- Finanssivalvonta (FIN-FSA)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Verordnung (EU) Nr. 596/2014 (MAR) Art. 18 Abs. 1, 3 und 4; Durchführungsverordnung (EU) 2016/347
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Measures to prevent recurrence and partial admission/cooperation had a mitigating effect.
- Published
- 15 May 2026
- Finanssivalvonta – Oma Säästöpankki Oyj:lle 400 000 euron yhteinen seuraamusmaksu (15.5.2026) Press release of an authority
- Finanssivalvonta – Toimituskirja FIVA/2026/227 vom 13.05.2026 (Oma Säästöpankki Oyj) Decision of an authority
- Finanssivalvonta – Hallinnolliset seuraamukset (Übersicht mit Rechtskraftvermerk) Enforcement database 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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25 Mar 2026 Familiam Asset Management OyFamiliam Asset Management: 70,000 EUR for 2,867 unreported securities transactions €70,000
Between September 2021 and August 2023, the asset manager failed to report a total of 2,867 transactions to the supervisory authority on time and in 2024 also submitted quarterly reports (FINREP) late. The Finanssivalvonta (Finnish Financial Supervisory Authority, FIN-FSA) imposed a total fine of 70,000 EUR; the admission had a mitigating effect.
Reporting obligations require deadline monitoring with a deputy arrangement – especially in small firms without their own reporting department.
Regulatory reporting
- Authority / court
- Finanssivalvonta (FIN-FSA)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- MiFIR (VO (EU) 600/2014) Art. 26 Abs. 1; IFR (VO (EU) 2019/2033) Art. 54 Abs. 1; FIN-FSA-Vorschriften 20/2013 (FINREP)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Admission of the failures / cooperation.
- Published
- 25 Mar 2026
- Finanssivalvonta – Familiam Asset Management Oy:lle 70 000 euron yhteinen seuraamusmaksu (25.3.2026) Press release of an authority
- Finanssivalvonta – Toimituskirja FIVA/2025/1838 vom 25.03.2026 (Familiam Asset Management Oy) Decision of an authority
- Finanssivalvonta – Hallinnolliset seuraamukset (Übersicht mit Rechtskraftvermerk) Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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4 Mar 2026 Schaeffler AGSchaeffler: deviation of quarterly figures from market expectations disclosed too late €180,000
The automotive supplier's business figures for the first quarter of 2024 deviated significantly from market expectations; this inside information was not disclosed without delay by means of an ad hoc announcement. BaFin imposed a fine.
Make a comparison of internal figures with the analyst consensus a fixed part of the quarterly process, so that significant deviations are immediately assessed for ad hoc disclosure obligations.
Recognising inside information in deviations from market expectations (controlling/IR)
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 UAbs. 1 MAR
- Action
- Fine
- Status of proceedings
- final
- Sector
- Automotive
- Published
- 26 Mar 2026
- Schaeffler AG: BaFin setzt Geldbuße fest Decision of an authority
- Bekanntmachung der BaFin zur Schaeffler AG (Maßnahmenansicht mit Rechtskraftvermerk) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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17 Feb 2026 REGIS-TR S.A.Trade repository REGIS-TR: deficiencies in organisation and data protection – 1.37 million EUR €1.37m
The Luxembourg trade repository lacked adequate compliance procedures and an appropriate organisational structure, failed to identify operational risks and did not adequately protect the confidentiality and integrity of the reported data. ESMA imposed fines totalling 1,374,000 EUR for negligent infringements under EMIR and SFTR; the case is under appeal.
Market infrastructures must manage operational risks and data access as strictly as banks manage their credit risks.
- Authority / court
- Europäische Wertpapier- und Marktaufsichtsbehörde (ESMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Verordnung (EU) Nr. 648/2012 (EMIR), Art. 65, 73, Anhang I; Verordnung (EU) 2015/2365 (SFTR), Art. 9
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Culpability
- negligent
- Repeat case
- yes
- Decision of the Board of Supervisors – REGIS-TR S.A. (ESMA43-857238790-1634) Decision of an authority
- ESMA Sanctions and Enforcement Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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16 Jan 2026 M. van Wettum (indirekter Direktor einer an NX Filtration N.V. beteiligten Gesellschaft)Marking the close at NX Filtration: 625,000 EUR fine for investor €625,000
On the last trading day of 2023, shortly before the market close, the investor had NX Filtration shares bought in order – according to a recorded telephone call – to raise the closing price from 6.30 to 6.70 EUR, which succeeded. The Dutch Authority for the Financial Markets (AFM) classified this as market manipulation ("marking the close") and imposed a fine of 625,000 EUR.
Influencing share prices on balance sheet dates is market manipulation – broker orders with price targets are recorded and analysed.
Prohibited price support at year-end (marking the close)
- Authority / court
- Autoriteit Financiële Markten (AFM)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 15 MAR
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Manufacturing and mechanical engineering
- Culpability
- intentional
- Published
- 13 Jul 2026
- Boete van €625.000 voor M. van Wettum wegens marktmanipulatie Press release of an authority
- Boetebesluit M. van Wettum (AFM, 16 januari 2026) Decision of an authority
- Actuele stand van zaken – bestuurlijke boete M. van Wettum (AFM) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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10 Dec 2025 Invest in OÜLender Invest in OÜ pays 16,000 EUR for failing to submit annual accounts €16,000
The lender did not submit its 2024 annual report, together with the audit report, the resolution on the appropriation of profits and the minutes of the shareholders’ meeting, to the financial supervisory authority on time. In misdemeanour proceedings, the Finantsinspektsioon (Estonian Financial Supervision Authority) imposed a fine of 16,000 EUR; the maximum is 1 million EUR or 10% of annual turnover. Date = publication.
Even small supervised lenders need a reliable deadline calendar for mandatory supervisory reports.
- Authority / court
- Finantsinspektsioon (Estnische Finanzaufsicht)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- § 56 Abs. 3, § 96 Abs. 2 KAVS (Gesetz über Kreditgeber und -vermittler)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 10 Dec 2025
- Finantsinspektsioon tegi Invest in OÜ-le 16 000 eurot trahvi (10.12.2025) Press release 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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13 Oct 2025 Wonderinterest Trading LtdCyprus: 100,000 EUR against Wonderinterest Trading over misleading client information €100,000
For 2022 to 2024, the Cyprus Securities and Exchange Commission (CySEC) found that the investment firm had no adequate compliance procedures, did not define target markets for its financial instruments, did not act in the best interests of clients and did not inform clients in a fair, clear and not misleading manner. It imposed fines of 50,000, 30,000 and 20,000 EUR; a judicial review of the decision has been recorded.
Advertising statements by financial service providers must present risks in a balanced way – marketing belongs in the compliance approval process.
Fair and not misleading marketing communications
- Authority / court
- Cyprus Securities and Exchange Commission (CySEC)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Sec. 17(2), 17(3)(c), 22(1), 25(1), 25(3)(a) Gesetz über Wertpapierdienstleistungen 2017; Art. 22, 44 Delegierte VO (EU) 2017/565
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Published
- 17 Dec 2025
- CySEC Board Decision – Wonderinterest Trading Ltd – Total fine €100.000 Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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13 Oct 2025 Finamore S.A.Finamore: licence of insurance broker withdrawn over serious deficiencies Other
The Commissariat aux Assurances (Luxembourg insurance supervisory authority, CAA) withdrew the broking firm’s licence (effective from 1 December 2025), among other things for using unregistered intermediaries, lacking internal expertise, insufficiently protected confidential data, economically unexplained payment flows with affiliated companies, incomplete or false information provided to the supervisory authority and deficient customer information.
False information to the supervisory authority and unregistered distribution partners can cost the business its existence – not just a fine.
- Authority / court
- Commissariat aux Assurances (CAA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Loi modifiée du 7 décembre 2015 sur le secteur des assurances, Art. 303 Abs. 3 lit. c
- Action
- Other
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 29 May 2026
- CAA – Sanction administrative FINAMORE S.A. (29.05.2026) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link