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 area of lawAll areas of law
Who?
by company- Anonymised companies €54.9m 35 % · 21 cases
- J.P. Morgan SE €45m 29 % · 1 case
- Deutsche Bank AG €23.1m 15 % · 1 case
- Leonteq AG (Finanzgruppe Leonteq) €9.98m 6 % · 1 case
- Varengold Bank AG €3.8m 2 % · 1 case
- Bank J. Safra Sarasin AG €3.73m 2 % · 1 case
- Banque Lombard Odier & Cie SA €3.23m 2 % · 1 case
- J.P. Morgan (Suisse) SA €3.2m 2 % · 1 case
- Banque Pictet et Cie SA €2.13m 1 % · 1 case
- Barclays PLC €1.65m 1 % · 1 case
- 18 more€6.72m
When?
per year, by date of decision| Period | Cases | Total |
|---|---|---|
| 2022 | 3 | €4.25m |
| 2023 | 7 | €459,500 |
| 2024 | 15 | €62m |
| 2025 | 14 | €84.7m |
| 2026 | 12 | €7.27m |
51 cases
27 Jul 2026 Banque Lombard Odier & Cie SAFederal Criminal Court fines Banque Lombard Odier CHF 3 million over money laundering €3.23m
The Bundesstrafgericht (Federal Criminal Court) found Banque Lombard Odier & Cie SA guilty of failing to take adequate organisational measures against aggravated money laundering by a former relationship manager who in 2011 and 2012 handled accounts of a criminal organisation holding proceeds of corruption in the Uzbek telecommunications market; despite warning signs, the bank's anti-money-laundering functions did not sufficiently ensure that the origin and purpose of the funds were investigated and documented. The bank was fined CHF 3,000,000 and bears procedural costs of CHF 24,561.49; it was acquitted on the remaining charges, and proceedings for acts before 27 July 2011 were dismissed as time-barred. The judgment is not final.
Warning signs about the origin of large inflows must be investigated and documented by the anti-money-laundering function itself, not just by the relationship manager.
Anti-money-laundering: investigating conspicuous inflows and documentation
- Authority / court
- Bundesstrafgericht (Strafkammer), Anklage der Bundesanwaltschaft
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Art. 102 Abs. 2 StGB i.V.m. Art. 305bis Ziff. 1 und 2 StGB (Urteil SK.2023.42)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- The long time elapsed since the offences (2011/2012) was taken into account as mitigating.
- Published
- 27 Jul 2026
Original amount 3,000,000 CHF, converted at the ECB reference rate of 27 Jul 2026.
- Bundesstrafgericht, Medienmitteilung vom 27.07.2026 (SK.2023.42) Court press release
- Bundesstrafgericht, Dispositiv SK.2023.42 vom 27. Juli 2026 (englische Fassung, anonymisiert) Court decision
- BA-Medienmitteilung vom 29.11.2024: Bank Lombard Odier und ein ehemaliger Mitarbeiter wegen schwerer Geldwäscherei beim Bundesstrafgericht angeklagt Press release of an authority
Checked against the official source on 2 Oct 2026 · Direct link
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10 Jul 2026 Volksbank Düsseldorf Neuss eGBaFin: 210,000 EUR against Volksbank Düsseldorf Neuss over monitoring and reporting gaps €210,000
Germany's Federal Financial Supervisory Authority (BaFin) imposed fines totalling 210,000 EUR on the cooperative bank: business relationships were not monitored on an ongoing basis or with enhanced scrutiny, additional information was not obtained and suspicious activity reports were not filed or were filed late. The function of the money laundering reporting officer had been outsourced to an external service provider with several clients.
Institutions that outsource the anti-money laundering function remain responsible themselves for ongoing monitoring and timely suspicious activity reports.
Ongoing monitoring of business relationships and suspicious activity reporting
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 56 Abs. 1 S. 1 Nr. 20, 36, 38 und 69 GwG; Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 17 Sep 2026
- Volksbank Düsseldorf Neuss eG: Bafin setzt Bußgelder fest Press release of an authority
- Bekanntmachung zur Volksbank Düsseldorf Neuss eG (§ 57 GwG) 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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22 Jun 2026 Inkasso-Team AGFederal Administrative Court upholds FDPIC: Inkasso-Team was not allowed to publish debtor data Order
The debt collection company posted personal data of alleged debtors on the internet, some of it particularly sensitive, in order to obtain information on their whereabouts and to warn third parties. The Swiss Federal Administrative Court (Bundesverwaltungsgericht, A-3891/2025) upheld the ruling of the Federal Data Protection and Information Commissioner (EDÖB) of 28 April 2025, according to which this constitutes an unjustified violation of privacy.
Publicly naming and shaming debtors cannot be justified under data protection law – debt collection must use less intrusive means.
- Authority / court
- Bundesverwaltungsgericht (A-3891/2025) auf Verfügung des EDÖB vom 28.04.2025
- Area of law
- Data protection · Data subject rights and transparency
- Legal basis
- DSG Art. 6, Art. 19, Art. 31
- Action
- Order
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 20 Aug 2026
- Bundesverwaltungsgericht bestätigt Entscheid des EDÖB Press release of an authority
- Urteil des Bundesverwaltungsgerichts A-3891/2025 vom 22. Juni 2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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3 Jun 2026 Wendelspiess Partners AG in LiquidationFINMA: Wendelspiess Partners breached FIDLEG duties, licence revoked Order
Wendelspiess Partners AG invested almost all the money of its more than 400 clients in a barely diversified foreign fund it had set up and managed itself, which invested mainly in a Zug-based investment company and companies linked to it; it gave insufficient information about conflicts of interest and risks, carried out no suitability check and withheld relevant information from the Eidgenössische Finanzmarktaufsicht (FINMA, Swiss Financial Market Supervisory Authority). FINMA revoked the licence as an asset manager of the company, which is now bankrupt. Measures against individuals are not set out here. The decision is not final.
In-house funds in client portfolios are a classic conflict of interest that must be disclosed and backed by a documented suitability check.
Conflicts of interest with in-house funds; information and suitability duties
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Verhaltenspflichten nach dem Finanzdienstleistungsgesetz (FIDLEG): Interessenkonflikte, Information, Eignungsprüfung; Auskunftspflicht gegenüber der FINMA
- Action
- Order
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 3 Jun 2026
- FINMA-Medienmitteilung vom 03.06.2026: FINMA beendet Verfahren gegen die Wendelspiess Partners AG Press release of an authority
Checked against the official source on 5 Oct 2026 · Version 3 · Direct link
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1 May 2026 Swiss Fund Management AG in Liquidation; BZ Berater Zentrum AGFINMA revokes Swiss Fund Management's licence and confiscates BZ commissions Order
Swiss Fund Management AG in liquidation and BZ Berater Zentrum AG, which held around 2,000 asset management mandates, channelled investor money of around CHF 200 million, directly or via funds, into illiquid bonds of interlinked issuers that financed real estate projects of related companies, without adequately informing investors about the conflicts of interest and without adequate suitability and appropriateness checks under FIDLEG (Swiss Financial Services Act). By ruling of 1 May 2026 the Eidgenössische Finanzmarktaufsicht (FINMA, Swiss Financial Market Supervisory Authority) revoked SFM's licence as a manager of collective assets, rejected BZ's application for a licence as an asset manager and confiscated placement commissions of more than CHF 3 million from BZ. The ruling is final.
Anyone steering client money into products of related companies must disclose the conflicts of interest and document a suitability check for each client.
Conflicts of interest and suitability checks in asset management
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Verhaltensregeln nach dem Finanzdienstleistungsgesetz (FIDLEG): Interessenkonflikte, Eignungs- und Angemessenheitsprüfung
- Action
- Order
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 29 Jun 2026
Checked against the official source on 2 Oct 2026 · Direct link
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20 Apr 2026 flatexDEGIRO SEBaFin fines flatexDEGIRO €1m for late ad hoc disclosure of special audit findings €1m
On 20 April 2026 BaFin (German Federal Financial Supervisory Authority) imposed a fine of 1,000,000 EUR on flatexDEGIRO SE. At the end of 2022, the company had not published the results of a special audit under § 44 KWG (German Banking Act) at flatexDEGIRO Bank AG, in which BaFin had identified deficiencies in business organisation, without delay as an ad hoc announcement, but only later as a press release. The fine is final.
Supervisory findings can also be inside information; a press release does not replace an ad hoc announcement.
Assessing supervisory audit findings as potential inside information
- 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 (Verordnung (EU) Nr. 596/2014)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 30 Apr 2026
- BaFin: flatexDEGIRO SE: Bafin setzt Geldbuße fest (30.04.2026, geändert 07.05.2026) Press release of an authority
- BaFin: Bekanntmachung zur flatexDEGIRO SE Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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10 Mar 2026 Barclays PLCBaFin fines Barclays €1.65m over 26 late voting rights notifications €1.65m
On 10 March 2026 BaFin (German Federal Financial Supervisory Authority) imposed a fine of 1,650,000 EUR on Barclays PLC. Between June 2022 and March 2023 the company had failed in 26 cases to submit voting rights notifications concerning the same issuer on time; the fine punished a breach of the duty of supervision because adequate organisational measures were lacking. The fine is final.
Anyone holding positions in German issuers needs reliable threshold monitoring, or many missed notifications turn into a high fine.
Monitoring voting rights thresholds and notifying on time
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- § 130 Abs. 1 OWiG i. V. m. § 33 Abs. 1 S. 1, § 34 Abs. 1 S. 1, § 38 Abs. 1 S. 1 und § 39 Abs. 1 WpHG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Liability of senior managers
- The fine punished a breach of the duty of supervision under § 130 OWiG (German Administrative Offences Act): the company had not taken adequate organisational measures to prevent the breaches or make them significantly more difficult.
- Published
- 27 Mar 2026
- BaFin: Barclays PLC: Bafin setzt Geldbuße fest (27.03.2026, geändert 09.04.2026) Press release of an authority
- BaFin: Bekanntmachung zur Barclays PLC Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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9 Mar 2026 Werbendes Unternehmen aus dem Sektor Finanz- und Versicherungsprodukte (anonymisiert)BNetzA: €50,000 fine on financial products seller posing as an advice centre on the phone €50,000
The Bundesnetzagentur (Federal Network Agency) fined a company marketing financial and insurance products 50,000 EUR for unlawful telephone advertising. The calls were particularly intrusive, callers falsely claimed to be an independent advice centre and presented sales calls as service calls; the company has appealed.
Anyone marketing by phone must not disguise either their own identity or the promotional purpose of the call.
Consent and proof of consent for telephone marketing
- Authority / court
- Bundesnetzagentur (BNetzA)
- Area of law
- Data protection · Marketing and consent
- Legal basis
- UWG – Verbot unerlaubter Telefonwerbung gegenüber Verbraucherinnen und Verbrauchern
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- BNetzA: Bußgelder Unerlaubte Telefonwerbung (laufende Liste mit Einzelmeldungen) Enforcement database of an authority
Checked against the official source on 2 Oct 2026 · Direct link
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27 Feb 2026 MBaer Merchant Bank AGFINMA withdraws MBaer Merchant Bank's licence over serious anti-money laundering deficiencies Order
Following enforcement proceedings, the Swiss Financial Market Supervisory Authority (FINMA) found serious, systematic deficiencies in anti-money laundering due diligence, organisation and risk management; the bank enabled clients to circumvent official asset freezes and executed transactions for sanctioned persons. FINMA had withdrawn the bank's licence and ordered its liquidation; with the withdrawal of the appeal before the Federal Administrative Court, the orders took effect on 27 February 2026. The day before, FinCEN had proposed designating the bank as an institution of primary money laundering concern.
Systematic anti-money laundering and sanctions deficiencies can cost a bank its licence – not just money.
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Schweizer Geldwäschereirecht und Bankenaufsichtsrecht (laut FINMA)
- Action
- Order
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 50 to 249
- Published
- 27 Feb 2026
- FINMA-Verfahren: MBaer Merchant Bank AG in Liquidation Press release of an authority
- Massnahmen bei MBaer Merchant Bank AG Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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20 Feb 2026 BVwG reduces FMA penalty against private bank over unclarified beneficial owners €356,000
From 2017 to 2020, an Austrian bank specialising in private and investment banking had not adequately examined the ownership and control structure of an offshore holding client despite the lack of evidence on shareholders, trust arrangements and beneficial owners. The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) confirmed the infringement but reduced the additional penalty imposed by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 17 December 2024 from 476,000 to 356,000 EUR (total penalty 436,000 EUR less FMA penalties already paid), because the FMA had taken the seriousness of the offence into account twice and the bank had cooperated, admitted its errors and terminated the client relationship; an appeal on points of law has been permitted.
For offshore holdings with trustees, prove the beneficial owner with supporting documents – a self-declaration is not enough.
Identifying beneficial owners in holding and trust structures
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 17.12.2024
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 9 Abs. 1 erster Satz i. V. m. § 6 Abs. 1 Z 2 FM-GwG; § 35 Abs. 1 und 3 i. V. m. § 34 Abs. 1 Z 2 und Abs. 2 FM-GwG; § 22 Abs. 9 FMABG (Zusatzstrafe)
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Financial services and insurance
- Culpability
- negligent
- Mitigating circumstances
- Reduction by the court because the wrongfulness of the offence had been counted twice, cooperation, admission of the facts and of guilt, and termination of the client relationship
- BVwG W204 2306222-1 vom 20.02.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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17 Feb 2026 BVwG upholds 588,000 EUR FMA penalty against major bank over incorrect risk classification €588,000
The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) dismissed the appeal of a listed major Austrian bank and upheld the fine of 588,000 EUR (plus 58,800 EUR in procedural costs) imposed by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 19 November 2024. From 2017 to 2020, the bank had not adequately risk-classified three business relationships and had disregarded sector risks such as gambling and precious metals trading as well as cash intensity; an appeal on points of law has been permitted.
Customers from gambling or precious metals trading with a high share of cash belong in a higher risk class – otherwise the enhanced obligations are missing.
Risk classification of cash-intensive high-risk sectors
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 19.11.2024
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 6 Abs. 5 i. V. m. § 34 Abs. 1 Z 2 und § 35 Abs. 1–3 FM-GwG
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- BVwG W204 2304676-1 vom 17.02.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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28 Oct 2025 Landesbank Hessen-Thüringen Girozentrale (Helaba)BaFin: fine against Helaba over inadequate monitoring systems for money laundering prevention €20,000
By decision of 28 October 2025 (final since 7 November 2025), Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 20,000 EUR because, from October 2022 to September 2023, the Landesbank operated data processing systems for money laundering prevention that were only partially adequate. Under the German Banking Act (KWG), the criteria by which monitoring identifies suspicious transactions must be documented, and the systems must be checked regularly by an independent auditor.
Transaction monitoring needs documented indicators and a regular independent quality review – the mere existence of software is not enough.
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- § 56 Abs. 2 Nr. 11b KWG (Betrieb angemessener Datenverarbeitungssysteme zur Geldwäscheprävention)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 10 Dec 2025
- Mangelhafte Geldwäscheprävention: BaFin setzt Bußgeld gegen die Landesbank Hessen-Thüringen Girozentrale fest Press release of an authority
- Bekanntmachung zur Landesbank Hessen-Thüringen Girozentrale Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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13 Oct 2025 J.P. Morgan SEBaFin: 45 million EUR against J.P. Morgan SE over late suspicious activity reports €45m
By decision of 13 October 2025 (final since 30 October 2025), Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 45 million EUR on J.P. Morgan SE because the institution had culpably breached its duty of supervision in the internal processes for filing money laundering suspicious activity reports; from 4 October 2021 to 30 September 2022, suspicious activity reports were systematically not filed on time. BaFin points out that, in the case of systematic infringements, the amount of the fine can be based on the institution's total turnover.
File suspicious activity reports without delay – systematic backlogs in the reporting process are themselves an infringement, and the fine can then be calculated on the basis of the institution's total turnover.
Filing money laundering suspicious activity reports without delay
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- § 130 Abs. 1 OWiG (Aufsichtspflichtverletzung) i. V. m. Pflichten nach dem GwG (Verdachtsmeldungen); Bekanntmachung nach § 57 Abs. 1 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Published
- 6 Nov 2025
- Mängel in der Geldwäscheprävention: Bußgeld in Höhe von 45 Millionen Euro gegen J.P. Morgan SE Press release of an authority
- Bekanntmachung zur J.P. Morgan SE (§ 57 GwG) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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30 Sep 2025 Oldenburgische Landesbank AGBaFin fines Oldenburgische Landesbank €910,000 over securities business failings €910,000
On 30 September 2025 BaFin (German Federal Financial Supervisory Authority) imposed fines of 910,000 EUR on Oldenburgische Landesbank AG. In 2020 and 2021 the bank lacked adequate IT controls to protect its clients' ownership rights where buy and sell orders were placed on the same day, did not in every case transparently show the costs of the individual components of bundled products, and did not ensure that tied agents properly disclosed inducements. The fine is final.
Programmed controls in securities settlement must be carefully tested before they are introduced, or management is liable for the gap.
Protecting client holdings and disclosing costs and inducements transparently
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 130 Abs. 1 OWiG i. V. m. § 84 Abs. 4 S. 1 WpHG i. V. m. § 10 Abs. 4 Nr. 5 WpDVerOV; § 63 Abs. 9 S. 1 WpHG; § 70 Abs. 1 S. 1 Nr. 2 WpHG i. V. m. Art. 50 Abs. 2 Delegierte Verordnung (EU) 2017/565
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 13 Oct 2025
- BaFin: Oldenburgische Landesbank AG: BaFin setzt Geldbußen fest (13.10.2025, geändert 23.10.2025) Press release of an authority
- BaFin: Bekanntmachung zur Oldenburgische Landesbank AG Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link
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30 Sep 2025 Unternehmen der Finanzwirtschaft (anonymisiert)HmbBfDI: €492,000 over opaque automated rejection of credit card applications €492,000
A financial services company had rejected several customers' credit card applications by automated means without human involvement despite good creditworthiness, and when asked it did not adequately provide the legally required information and access about the decision. The HmbBfDI (Hamburg data protection authority) imposed 492,000 EUR; substantial process improvements and cooperation were given considerable weight in mitigation, and the company accepted the decision.
Anyone who rejects applications by automated means must be able to show the people affected, on request and in understandable terms, why the decision was taken and what logic it followed.
Transparency in automated decision-making
- Authority / court
- Hamburgischer Beauftragter für Datenschutz und Informationsfreiheit (HmbBfDI)
- Area of law
- Data protection · Data subject rights and transparency
- Legal basis
- DSGVO – Informations- und Auskunftspflichten bei automatisierten Entscheidungen im Einzelfall
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Substantial improvement of the process for data subject rights in automated decisions; full cooperation with the authority.
- Published
- 30 Sep 2025
- HmbBfDI 30.09.2025: Zwischenbilanz 2025 – Bußgelder von insgesamt 775.000 Euro Press release of an authority
- HmbBfDI-Pressemitteilung 30.09.2025 (PDF) Press release of an authority
Checked against the official source on 2 Oct 2026 · Direct link
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22 Aug 2025 Varengold Bank AGBaFin: 3.3 million EUR fine and penalty payment against Varengold Bank €3.8m
By decision of 22 August 2025, Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 3.3 million EUR because the bank systematically filed suspicious activity reports late from June 2023 to March 2025; in February 2025, a penalty payment of 500,000 EUR had already been imposed for failure to comply with a 2023 order concerning Iran-related transactions (total 3.8 million EUR). In addition, in July 2025 BaFin ordered comprehensive remediation of the deficiencies in money laundering prevention, with an action plan and reporting obligations.
Failing to implement a supervisory order risks penalty payments and a comprehensive package of measures in addition to the fine.
Suspicious activity reports and handling of high-risk transactions
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Suspicious activity reports
- Legal basis
- Bußgeld: § 56 Abs. 1 S. 1 Nr. 69, Abs. 3 GwG; Anordnung: § 51 Abs. 2 GwG, § 44 Abs. 1 KWG; Zwangsgeld: § 14 VwVG i. V. m. § 17 FinDAG; Bekanntmachung nach § 57 Abs. 1 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Repeat case
- yes
- Published
- 16 Sep 2025
- Varengold Bank AG: BaFin ordnet umfassende Mängelbeseitigung in der Geldwäscheprävention an und setzt Geldbuße fest Press release of an authority
- Bekanntmachungen zur Varengold Bank AG (§ 57 GwG) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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22 Aug 2025 Bank J. Safra Sarasin AGBank J. Safra Sarasin: 3.5 million CHF fine for money laundering in the Petrobras complex €3.73m
Between 2011 and 2014, the bank did not take all the necessary organisational precautions, with the result that bribes flowed to Petrobras executives through several account relationships (around 71 million USD in attempted or completed aggravated money laundering). Fine of 3.5 million CHF; because of a settlement of 16 million CHF with Petrobras, the Office of the Attorney General of Switzerland (Bundesanwaltschaft, OAG) waived a compensation claim.
Unusual payment flows involving clients close to PEPs must be escalated and, if necessary, rejected – responsibility lies with the bank as an organisation.
Anti-money laundering and PEP clients
- Authority / court
- Bundesanwaltschaft
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Art. 102 Abs. 2 StGB i. V. m. Art. 305bis Abs. 1 und 2 StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Time elapsed since the offence, organisational corrective measures after the affair became known; no compensation claim because of the payment of 16 million CHF to Petrobras.
- Published
- 22 Aug 2025
Original amount 3,500,000 CHF, converted at the ECB reference rate of 22 Aug 2025.
- Bundesanwaltschaft verurteilt Bank J. Safra Sarasin AG (Strafbefehl) Press release of an authority
Checked against the official source on 28 Sep 2026 · Version 2 · Direct link
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22 Aug 2025 J.P. Morgan (Suisse) SAJ.P. Morgan (Suisse): 3 million CHF fine in the 1MDB complex for deficient anti-money laundering controls €3.2m
Between October 2014 and July 2015, around 174 million CHF from predicate offences in the 1MDB complex passed through the bank in 43 transfers, even though negative information about the Petrosaudi managers involved was publicly available. The Office of the Attorney General of Switzerland (Bundesanwaltschaft) convicted the bank by summary penalty order and imposed 3 million CHF; a compensation claim was waived because the 1MDB fund is being compensated as a private claimant.
Publicly available negative information about clients must feed into the risk assessment and be capable of stopping transactions.
Customer due diligence and adverse media screening
- Authority / court
- Bundesanwaltschaft
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Art. 102 Abs. 2 StGB i. V. m. Art. 305bis Abs. 1 und 2 StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Time elapsed since the offence, very good cooperation in the proceedings, compensation of the private claimant (1MDB).
- Published
- 22 Aug 2025
Original amount 3,000,000 CHF, converted at the ECB reference rate of 22 Aug 2025.
- Fall 1MDB: Bank JP Morgan Suisse mit Strafbefehl verurteilt Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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3 Jul 2025 Sutor Bank GmbHSutor Bank: court cuts fine over conflicts of interest in Riester products to €190,000 €190,000
On 3 July 2025 BaFin (German Federal Financial Supervisory Authority) imposed fines of 702,500 EUR on Sutor Bank GmbH: in 2020 and 2021 the bank had not clearly informed clients, in connection with a possible contract change for Riester pension products, of its own economic interest and thus of conflicts of interest; in 2020 it had not pointed out the associated risks; and in 2021/2022 it had inadequately informed clients about how long telephone recordings are kept. Following the objection, the Amtsgericht Frankfurt am Main (Frankfurt Local Court) set a fine of 190,000 EUR by judgment of 18 August 2026; the judgment is final.
A firm that offers clients a contract change in which it has its own economic interest must clearly disclose that conflict of interest.
Disclosing conflicts of interest to clients
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Amtsgericht Frankfurt am Main (Einspruchsverfahren)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- § 63 Abs. 2 S. 1 i. V. m. S. 2 WpHG; § 63 Abs. 6 S. 1, Abs. 13 Nr. 4 WpHG i. V. m. Art. 44 Abs. 2 b) Delegierte Verordnung (EU) 2017/565; § 83 Abs. 5, Abs. 10 S. 1 WpHG i. V. m. Art. 76 Abs. 8 Delegierte Verordnung (EU) 2017/565
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Financial services and insurance
- Published
- 19 Aug 2025
- BaFin: Sutor Bank GmbH: Bafin setzt Geldbußen fest (19.08.2025, geändert 01.09.2026) Press release of an authority
- BaFin: Bekanntmachung zur Sutor Bank GmbH (mit Aktualisierung zum Urteil des AG Frankfurt am Main) Official register or notice
Checked against the official source on 2 Oct 2026 · Direct link