Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America, Latin America, Asia-Pacific and Middle East: 1,929 cases from 40 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- Controladoria-Geral da União (CGU) €81.5m 100 % · 1 case
What for?
by area of lawAll areas of law
Who?
by company- Bulls Holding Investments Company S.A., RS Investimentos S/A €81.5m 54 % · 1 case
- Florim Consultoria Ltda. (ehem. Silverado Gestão e Investimentos), Santander Caceis Brasil DTVM S.A., Gradual CCTVM S.A. – Massa Falida u. a. (5 Unternehmen) €41.2m 27 % · 1 case
- BofA Securities Inc., Nomura International plc, Standard Chartered Bank u. a. (5 Banken) €12.7m 8 % · 1 case
- Qualicorp Consultoria e Corretora de Seguros S.A. €7.15m 5 % · 1 case
- Banco Genial S.A. €3.62m 2 % · 1 case
- Banco Topázio S.A. €2.82m 2 % · 1 case
- IRB-Brasil Resseguros S.A. €1.07m 1 % · 1 case
- Lebes Financeira S.A. – Sociedade de Crédito, Financiamento e Investimento €432,774 0 % · 1 case
- Intra DTVM Ltda. €188,419 0 % · 1 case
- Regen Serviços Fiduciários Ltda. €39,713 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 | 1 | €81.5m |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
1 case
30 Sep 2025 Bulls Holding Investments Company S.A., RS Investimentos S/ABulls Holding and RS Investimentos: BRL 508.8m for obstructing supervision €81.5m
The Controladoria-Geral da União (CGU, Office of the Comptroller General) fined Bulls Holding Investments Company S.A. BRL 387,431,733.02 and RS Investimentos S/A BRL 121,380,000.00 (BRL 508,811,733.02 in total) and ordered extraordinary publication of the decision for each. According to the final report, the companies had submitted to the insurance supervisor SUSEP bids to take over the pension association APLUB, which was under special intervention, backed by inadequate and in part apparently forged documents, thereby interfering with SUSEP's supervisory activity; RS Investimentos was additionally sanctioned for supporting Bulls Holding's acts. The amount and the facts have not been confirmed against the primary source.
Misleading documents submitted to a supervisory authority count in Brazil as interference with supervision under the Anti-Corruption Law and can trigger very large fines.
Truthful submissions to supervisory authorities
- Authority / court
- Controladoria-Geral da União (CGU)
- Area of law
- Bribery and corruption
- Legal basis
- Lei nº 12.846/2013, Art. 5 II und V, Art. 6 I und II, Art. 14
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 2 Oct 2025
Original amount 508,811,733.02 BRL, converted at the ECB reference rate of 30 Sep 2025.
- DOU Seção 1 vom 02.10.2025: CGU Decisão nº 393 de 30.9.2025, PAR 00190.105969/2023-81 Decision of an authority
- Base de Conhecimento CGU: PAR 00190.105969/2023-81 (Relatório Final, Parecer CONJUR, Decisão) Official register or notice
- Portal da Transparência (CGU): Cadastro Nacional de Empresas Punidas – CNEP, Datendownload (Sanktion 365225) Official register or notice
Checked against the official source on 3 Oct 2026 · Direct link