Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America and Asia-Pacific: 1,833 cases from 37 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by authority- Federal Court of Australia (auf Antrag der Australian Securities and Investments Commission, ASIC) €16.5m 100 % · 1 case
What for?
by area of lawAll areas of law
Who?
by company- Union Standard International Group Pty Ltd; Maxi EFX Global AU Pty Ltd (EuropeFX); BrightAU Capital Pty Ltd (TradeFred) €182.1m 50 % · 1 case
- Australia and New Zealand Banking Group Limited €76.1m 21 % · 1 case
- Macquarie Securities (Australia) Limited €21.5m 6 % · 1 case
- HSBC Bank Australia Limited €21.4m 6 % · 1 case
- AustralianSuper (Trustee des Pensionsfonds AustralianSuper) €16.5m 5 % · 1 case
- ASX Limited €12.4m 3 % · 1 case
- Allianz Australia Insurance Limited; AWP Australia Pty Ltd €10m 3 % · 1 case
- LGSS Pty Ltd (Trustee des Active Super Fonds) €6.12m 2 % · 1 case
- Oztures Trading Pty Ltd (Binance Australia Derivatives) €5.98m 2 % · 1 case
- Bit Trade Pty Ltd (Betreiber der Kryptobörse Kraken) €4.87m 1 % · 1 case
- 4 more€7.69m
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q4 2023 | 0 | – |
| Q1 2024 | 0 | – |
| Q2 2024 | 0 | – |
| Q3 2024 | 0 | – |
| Q4 2024 | 0 | – |
| Q1 2025 | 1 | €16.5m |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
1 case
21 Feb 2025 AustralianSuper (Trustee des Pensionsfonds AustralianSuper)AustralianSuper: AUD 27m penalty for failing to merge duplicate member accounts €16.5m
From July 2013 to March 2023 the trustee of Australia’s largest superannuation fund did not merge the duplicate accounts of around 90,700 members, although s 108A of the SIS Act requires this; members lost around AUD 69 million through duplicate fees, insurance premiums and lost earnings. The Court found a breach of fundamental trustee obligations and imposed AUD 27 million; all affected members have been remediated.
Known compliance gaps must be escalated and remedied with sufficient resources; lack of staff is no excuse.
Escalating and remedying identified compliance gaps that harm customers
- Authority / court
- Federal Court of Australia (auf Antrag der Australian Securities and Investments Commission, ASIC)
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- ss 52, 108A Superannuation Industry (Supervision) Act 1993 (Cth)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- Self-report of potential breaches to ASIC in December 2021; remediation of all affected members.
- Liability of senior managers
- According to the judgment, issues were not escalated and senior management oversight was absent; under-resourcing delayed the remedy.
- Published
- 21 Feb 2025
Original amount 27,000,000 AUD, converted at the ECB reference rate of 21 Feb 2025.
Checked against the official source on 3 Oct 2026 · Direct link