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.
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Where?
by countryWhat for?
by topicWho?
by sectorAll sectors
- Financial services and insurance €288m 84 % · 98 cases
- Retail and e-commerce €30.3m 9 % · 4 cases
- Construction and real estate €8.3m 2 % · 3 cases
- Media and online platforms €5.63m 2 % · 2 cases
- Other €3.65m 1 % · 4 cases
- Telecoms, IT and software €2.14m 1 % · 3 cases
- Chemicals and pharmaceuticals €1.52m 0 % · 3 cases
- Manufacturing and mechanical engineering €900,000 0 % · 3 cases
- Transport, logistics and shipping €550,000 0 % · 2 cases
- Healthcare €300,000 0 % · 1 case
- 4 more€641,585
When?
per year, by date of decision| Period | Cases | Total |
|---|---|---|
| 2022 | 4 | €79.3m |
| 2023 | 21 | €60.4m |
| 2024 | 26 | €76.4m |
| 2025 | 40 | €56.1m |
| 2026 | 37 | €69.8m |
128 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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5 Aug 2026 Powszechna Kasa Oszczędności Bank Polski S.A. (PKO BP)PKO BP: PLN 47.5m for failings in structured deposits €11m
The KNF imposed five fines totalling PLN 47,500,000 on PKO BP in connection with structured deposits: PLN 26m for failing to inform clients of existing conflicts of interest, PLN 8m each for not analysing costs and charges and for an imprecise definition of the risk category and target market, PLN 4m for selling without checking target-market suitability and PLN 1.5m for misleading sales material on two products. The decision is not final.
Firms selling structured products must disclose conflicts of interest, test costs against client benefit and define the target market precisely.
Conflicts of interest and product governance for retail investment products
- Authority / court
- Komisja Nadzoru Finansowego (KNF)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Art. 88c Abs. 1 und 2, Art. 88m Abs. 5 und 9 Prawo bankowe i. V. m. Verordnung des Finanzministers vom 21.01.2019 über Dienstleistungen der Banken bei strukturierten Einlagen
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
Original amount 47,500,000 PLN, converted at the ECB reference rate of 5 Aug 2026.
- KNF: Nałożenie kar pieniężnych na PKO BP SA Press release of an authority
- KNF: Wykaz kar nałożonych przez Komisję Nadzoru Finansowego w 2026 roku (Lp. 41) Enforcement database of an authority
Checked against the official source on 28 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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24 Jun 2026 Exmar NVExmar: €350,000 for late disclosure of inside information €350,000
The Sanctions Committee of the FSMA (Belgian Financial Services and Markets Authority) found that the shipping company Exmar NV, listed on Euronext Brussels, had not disclosed as soon as possible inside information it held on 19 May and 18 June 2020; the information related to a customer's missing payments for the charter of a floating LNG facility. It imposed a fine of 350,000 EUR and ordered publication by name for one year. Exmar has lodged an appeal with the Market Court.
Payment problems of a major customer can be inside information; the ad hoc assessment must be carried out immediately and documented.
Ad hoc disclosure: identifying and promptly publishing inside information
- Authority / court
- Autoriteit voor Financiële Diensten en Markten / Autorité des services et marchés financiers (FSMA) – Sanctiecommissie
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Verordnung (EU) Nr. 596/2014 (MAR); Art. 36 § 2 und Art. 72 § 3 Gesetz vom 2. August 2002 über die Aufsicht über den Finanzsektor
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Transport, logistics and shipping
- FSMA Sanctiecommissie, Beslissing d.d. 24 juni 2026 ten aanzien van Exmar NV Decision of an authority
Checked against the official source on 2 Oct 2026 · Direct link
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23 Jun 2026 Bourse Direct SAAMF: EUR 800,000 on online broker Bourse Direct over reporting and monitoring failures €800,000
According to the AMF (Autorité des marchés financiers, French financial markets authority) Enforcement Committee, the online broker Bourse Direct did not properly submit its transaction reports under Art. 26 MiFIR between January 2021 and November 2023 and did not maintain an adequate system to detect and report suspicious orders and transactions under Art. 16(2) MAR. The company received EUR 800,000. The amount covers only the sanction imposed on the company.
Investment firms should regularly test transaction reporting and market abuse surveillance for completeness and effectiveness.
Transaction reporting and market abuse surveillance at brokers
- Authority / court
- Autorité des marchés financiers (AMF), Commission des sanctions
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 26 Verordnung (EU) Nr. 600/2014 (MiFIR); Art. 15 Delegierte Verordnung (EU) 2017/590; Art. 16 Abs. 2 Verordnung (EU) Nr. 596/2014 (MAR); Art. 2, 3 Delegierte Verordnung (EU) 2016/957
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Employees
- 50 to 249
- Published
- 25 Jun 2026
- AMF Commission des sanctions, Décision n° 4 du 23 juin 2026 (SAN-2026-05), Bourse Direct Decision of an authority
- AMF: SAN-2026-05, Entscheidungsseite Enforcement database of an authority
Checked against the official source on 2 Oct 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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19 Jun 2026 Banque Internationale à Luxembourg S.A.Banque Internationale à Luxembourg: €3.255m ECB penalty for breaching a model decision €3.26m
From 2 October 2023 to 22 October 2024, contrary to a 2023 ECB decision, Banque Internationale à Luxembourg did not apply the newly approved internal models for the expected loss best estimate (ELBE) of defaulted retail and corporate exposures and therefore reported an IRB shortfall to be deducted from Common Equity Tier 1 capital that was too small. The ECB regarded the breach as intentional and severe and imposed 3,255,000 EUR; remedial action was taken into account as mitigating.
Supervisory decisions on internal models must be implemented on time, even if the previous approach produces more favourable capital figures.
Timely implementation of supervisory decisions
- Authority / court
- Europäische Zentralbank (EZB), Bankenaufsicht
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Art. 18 Abs. 7 VO (EU) Nr. 1024/2013 (Verstoß gegen einen EZB-Beschluss zu internen Modellen)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Culpability
- intentional
- Mitigating circumstances
- Remedial action to alleviate the effects and to prevent future breaches.
- Published
- 29 Jun 2026
- ECB – Imposition of an administrative penalty on Banque Internationale à Luxembourg S.A. Official register or notice
- ECB Banking Supervision – Published sanctions (Liste mit Entscheidungsdatum, Betrag, Status) Enforcement database of an authority
Checked against the official source on 28 Sep 2026 · Direct link
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16 Jun 2026 Banco BPM S.p.A.; Banco BPM Vita S.p.A.CONSOB fines Banco BPM and BPM Vita €570,000 over delayed disclosure of ECB letter €570,000
The CONSOB (Italian securities regulator) fined Banco BPM S.p.A. 370,000 EUR, of which 170,000 EUR for late disclosure of inside information under Art. 17(1) MAR and 200,000 EUR for obstructing supervision under Art. 187-quinquiesdecies of the Consolidated Law on Finance (TUF), and fined its subsidiary Banco BPM Vita S.p.A. 200,000 EUR, 570,000 EUR in total. In connection with BPM Vita's tender offer for Anima Holding S.p.A., the bank disclosed an ECB letter of 21 March 2025 rejecting the application of the so-called Danish Compromise to CONSOB and the market only four days later, after two trading days of the acceptance period. Both companies had previously informed CONSOB only incompletely about their discussions with the ECB.
Supervisory decisions affecting an ongoing takeover bid must be disclosed to the market and the supervisor at once rather than weighed internally.
Ad hoc disclosure and transparency towards the supervisor in takeovers
- Authority / court
- CONSOB (Commissione Nazionale per le Società e la Borsa)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 Verordnung (EU) 596/2014 (MAR); Art. 187-ter.1 und Art. 187-quinquiesdecies Abs. 1 und 1-ter D.Lgs. 58/1998 (TUF)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Culpability
- negligent
- Repeat case
- yes
- Published
- 23 Jun 2026
- CONSOB – Delibera n. 24044 del 16 giugno 2026 Decision of an authority
- CONSOB – Provvedimenti sanzionatori (Liste) Enforcement database of an authority
Checked against the official source on 28 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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2 Jun 2026 bunq B.V.AFM: €170,000 fine for bunq over late replies to fraud complaints €170,000
On 2 June 2026 the Autoriteit Financiële Markten (AFM, Dutch Authority for the Financial Markets) fined bunq B.V. 170,000 EUR because in seven cases the bank did not give a substantive reply within the statutory 15 working days to complaints from customers who had fallen victim to online fraud (November to December 2023 and April to at least August 2024). Because bunq fully or largely compensated those affected without being legally obliged to, the AFM lowered the base amount from 500,000 to 200,000 EUR; the simplified settlement brought a further 15% reduction.
Complaint processes for payment services need deadline monitoring, especially for fraud victims with large losses.
Timely handling of complaints in payment services
- Authority / court
- Autoriteit Financiële Markten (AFM)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Art. 43a Abs. 1 i. V. m. Abs. 2 Besluit Gedragstoezicht financiële ondernemingen Wft (BGfo), Umsetzung von Art. 101 PSD2
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Voluntary full or largely full compensation of the customers concerned; simplified settlement (−15%).
- Published
- 8 Jun 2026
- AFM: Bunq krijgt boete voor te late reactie op fraudeklachten Press release of an authority
- AFM: Boetebesluit bunq B.V. (2 juni 2026) Decision of an authority
Checked against the official source on 2 Oct 2026 · Direct link
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29 May 2026 mBank S.A.mBank: PLN 14.9m for failings in treasury business and compliance €3.52m
The KNF imposed four fines totalling PLN 14,900,000 on mBank: PLN 0.4m and 6m because staff negotiated client transactions with unauthorised third parties and passed client information to them, PLN 5m for not treating currency hedging transactions as financial instruments and PLN 3.5m for ineffective internal control and compliance functions. Following a request for reconsideration, the KNF upheld the decision on 28 August 2026; it is not final.
Staff may negotiate client transactions only with persons whose authority has been verified, and the compliance function must monitor this.
Verifying authority and confidentiality in client dealings
- Authority / court
- Komisja Nadzoru Finansowego (KNF)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 8 Abs. 1 i. V. m. § 26 Nr. 1 Verordnung des Finanzministers vom 24.09.2012; Art. 83b Abs. 3 und 6, Art. 83c Abs. 1 ustawa o obrocie instrumentami finansowymi; Art. 9c Abs. 1 Nr. 4 Prawo bankowe; Art. 21 und 22 Delegierte Verordnung (EU) 2017/565
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
Original amount 14,900,000 PLN, converted at the ECB reference rate of 29 May 2026.
- KNF: Nałożenie kar pieniężnych na mBank SA Press release of an authority
- KNF: Ostateczna decyzja ws. mBanku SA Press release of an authority
Checked against the official source on 28 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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13 May 2026 Pareto Securities AbPareto Securities: EUR 115,000 for gaps and duplicate filings in transaction reporting €115,000
The Finanssivalvonta (FIN-FSA, Finnish Financial Supervisory Authority) imposed a penalty payment of 115,000 EUR on Pareto Securities Ab. The firm had submitted no transaction reports at all on 71 days in 2024 and 20 days in 2025, and between June 2023 and May 2025 it reported 13 transactions an unusually high number of times, most of them more than 300 times. The admission of the failings reduced the amount.
Automated reporting pipelines need controls that detect outages and duplicates immediately.
Monitoring automated reporting pipelines
- Authority / court
- Finanssivalvonta (FIN-FSA)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 26 Abs. 1 UAbs. 1 MiFIR (VO (EU) Nr. 600/2014); Sijoituspalvelulaki 15 luku 2 § 7 mom. 5 kohta; FivaL 40 §, 41 §
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Admission of the failings and cooperation with the supervisor.
- Published
- 13 May 2026
- Finanssivalvonta: Pareto Securities Ab:lle 115 000 euron seuraamusmaksu kaupparaportoinnin laiminlyönnistä (13.05.2026) Press release of an authority
- Finanssivalvonta: Toimituskirja johtokunnan päätöksestä 13.5.2026, FIVA/2026/79 Decision of an authority
- Finanssivalvonta: Finanssivalvonnan päätökset (keine Beschwerde, rechtskräftig) Enforcement database of an authority
Checked against the official source on 28 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