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 regionAll jurisdictions
What for?
by topicWho?
by company- KB Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank €158.2m 40 % · 1 case
- Royal Bank of Canada, Morgan Stanley, HSBC u. a. (5 Banken; Deutsche Bank als Kronzeugin bußgeldfrei) €126.2m 32 % · 1 case
- Anonymised companies €82.7m 21 % · 5 cases
- BofA Securities Inc., Nomura International plc, Standard Chartered Bank u. a. (5 Banken) €12.7m 3 % · 1 case
- Pluxee Česká republika a.s.; Edenred CZ s.r.o.; Up Česká republika s.r.o. €11.5m 3 % · 1 case
- ZGR Global Pte. Ltd.; Hanshan Money Express Pte. Ltd. €3.61m 1 % · 1 case
- FirstRand Bank Ltd (WesBank); Toyota Financial Services South Africa Ltd; Toyota Motor Corporation u. a. (6 Unternehmen) €1.46m 0 % · 1 case
- Mavera AB €1.32m 0 % · 1 case
- „ЗП Либра“ ООД €22,602 0 % · 1 case
- Kommunal Landspensjonskasse Gjensidig Forsikringsselskap (KLP) – 0 % · 1 case
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 | 0 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 1 | €158.2m |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
1 case
21 Jan 2026 KB Kookmin Bank, Shinhan Bank, Woori Bank, Hana BankFour major banks exchanged loan-to-value ratios: KRW 272bn fine €158.2m
According to the KFTC (Korea Fair Trade Commission, Korea's competition authority), the four banks exchanged their complete loan-to-value (LTV) ratios for mortgage lending over a long period, between 736 and 7,500 individual values per bank, and adjusted their own ratios accordingly; only conduct from December 2021, when the express prohibition of anti-competitive information exchange entered into force, was pursued. The KFTC issued cease-and-desist orders and fines totalling KRW 272,014 million (Kookmin KRW 69,747 million, Shinhan KRW 63,801 million, Woori KRW 51,535 million, Hana KRW 86,931 million), the first application of that provision.
Exchanging individual contract terms with competitors is a stand-alone competition law infringement even without price fixing.
Information exchange with competitors
- Authority / court
- Korea Fair Trade Commission (KFTC)
- Area of law
- Competition law · Cartels and collusion
- Legal basis
- Art. 40 Abs. 1 Nr. 9 MRFTA i. V. m. Art. 44 Abs. 2 Nr. 3 Durchführungsverordnung (Monopoly Regulation and Fair Trade Act)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 21 Jan 2026
Original amount 272,014,000,000 KRW, converted at the ECB reference rate of 21 Jan 2026.
- KFTC press release (EN), 22 Jan 2026: KFTC Sanctions Four Major Commercial Banks for Collusive Information Exchange Press release of an authority
- KFTC-Pressemitteilung (KO), 21.01.2026: 4대 시중은행의 정보교환의 담합 행위 제재 Press release of an authority
- KFTC-Pressemitteilung (KO, PDF) mit Bußgeldtabelle je Bank und Rechtsgrundlage Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link