Compliance Radar

Who was sanctioned, and for what?

Fines, court rulings and incidents from Europe and North America: 1,370 cases from 35 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.

Liechtenstein Financial services and insurance Clear all filters

5cases from 1 jurisdiction

€725,740Total of monetary amounts (4 cases with an amount)

€530,110Largest single case: a Liechtenstein financial institution

€71,086Median per case with an amount

Click a bar to drill down one level.

by amount by number of cases

Where?

by authority

Finanzmarktaufsicht Liechtenstein (FMA) 5 cases 100 % · €725,740

What for?

by area of law

All areas of law

Who?

by company

Anonymised companies 1 case 20 % · €530,110
Bank oder Finanzinstitut (anonymisiert) 1 case 20 % · €53,459
Finanzdienstleister (anonymisiert) 1 case 20 % · €80,026
TGI AG 1 case 20 % ·
Treuhandgesellschaft (anonymisiert) 1 case 20 % · €62,145

When?

per quarter, by date of decision

Trend
Period	Cases	Total
Q3 2023	0	—
Q4 2023	1	€530,110
Q1 2024	0	—
Q2 2024	0	—
Q3 2024	0	—
Q4 2024	1	€80,026
Q1 2025	0	—
Q2 2025	0	—
Q3 2025	0	—
Q4 2025	1	€62,145
Q1 2026	0	—
Q2 2026	1	—
Q3 2026	1	€53,459

5 cases

Newest first Highest amounts

21 Aug 2026 Bank oder Finanzinstitut (anonymisiert)Liechtenstein: CHF 50,000 fine for due diligence and sanctions screening failures LiechtensteinCustomer due diligence €53,459

The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 50,000 for breaches of the Sorgfaltspflichtgesetz (Due Diligence Act) – business profiles not established or updated as required, group-wide application of the due diligence standard not ensured – and of the Gesetz über die Durchsetzung internationaler Sanktionen (ISG, Act on the Enforcement of International Sanctions). The ISG provision relied on makes it an offence punishable by a fine not to carry out the sanctions screening of customer and transaction documents, or to carry it out improperly or late.

What organisations can take from it

Sanctions screening of customers and transactions must be complete and timely, and in groups the due diligence standard must also be applied at branches and subsidiaries.

Relevance to training and awareness

Sanctions screening of customers and transactions and group-wide due diligence standards

Authority / court: Finanzmarktaufsicht Liechtenstein (FMA)
Area of law: Money laundering and terrorist financing · Customer due diligence
Legal basis: Art. 31 Abs. 1 Bst. e und k Sorgfaltspflichtgesetz (SPG); Art. 11 Abs. 1a Bst. c Gesetz über die Durchsetzung internationaler Sanktionen (ISG)
Action: Fine
Status of proceedings: final
Sector: Financial services and insurance

Original amount 50,000 CHF, converted at the ECB reference rate of 21 Aug 2026.

Sources

FMA Liechtenstein: Enforcement und Sanktionen – anonymisiert veröffentlichte Sanktionen (Eintrag 21. August 2026, CHF 50 000) Enforcement database of an authority

Checked against the official source on 28 Sep 2026 · Direct link

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26 May 2026 TGI AGLiechtenstein: FMA halts TGI AG products over deposit-taking without a licence LiechtensteinCapital markets and financial supervision Order

The Finanzmarktaufsicht Liechtenstein (FMA, Financial Market Authority) ordered by decree of 26 May 2026 that TGI AG in Vaduz immediately stop distributing and publicly offering its products “Customer Basic 2 %”, “Sales Premium” and “Sofortrabatt”, because it was thereby conducting deposit-taking business without a licence, and that it no longer hold the customer funds received in this way within four months. In a partial decision of 12 August 2026 the FMA's appeals commission granted suspensive effect only for the order concerning the holding of the funds; the other measures remain in force and the proceedings are not final.

What organisations can take from it

Business models in which customer money is taken in and later repaid must be checked for a licensing requirement of the financial regulator before launch.

Relevance to training and awareness

Licensing requirement when accepting customer funds (deposit-taking)

Authority / court: Finanzmarktaufsicht Liechtenstein (FMA)
Area of law: Capital markets and financial supervision
Action: Order
Status of proceedings: under appeal
Sector: Financial services and insurance
Published: 28 May 2026

Sources

FMA Liechtenstein: Bekanntmachung – FMA verhängt Massnahmen gegen die TGI AG wegen unerlaubten Betriebs des Einlagengeschäfts (28.05.2026) Press release of an authority
FMA Liechtenstein: Ergänzung zur Bekanntmachung vom 28. Mai 2026 (18.09.2026) Press release of an authority
FMA Liechtenstein: Warnung – TGI AG (22.04.2026) Press release of an authority

Checked against the official source on 28 Sep 2026 · Direct link

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12 Dec 2025 Treuhandgesellschaft (anonymisiert)Liechtenstein: CHF 58,000 fine on trust company (due diligence, conflicts of interest) LiechtensteinCustomer due diligence €62,145

The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 58,000 because it had not established or updated the business relationship profile as required (Sorgfaltspflichtgesetz, Due Diligence Act) and had breached the provisions of the Treuhändergesetz (Trustees Act) on conflicts of interest. These provisions require trustees and trust companies to keep their own assets strictly separate from client money, not to engage in proprietary transactions, and to disclose and document conflicts of interest towards clients; the FMA does not state which of these obligations was breached.

What organisations can take from it

Trust companies must keep client profiles up to date and systematically identify, document and disclose conflicts of interest.

Relevance to training and awareness

Business profiles and handling conflicts of interest in the trust business

Authority / court: Finanzmarktaufsicht Liechtenstein (FMA)
Area of law: Money laundering and terrorist financing · Customer due diligence
Legal basis: Art. 31 Abs. 1 Bst. e i.V.m. Art. 31 Abs. 5 Sorgfaltspflichtgesetz (SPG); Art. 81 Abs. 1 Bst. f i.V.m. Art. 81 Abs. 6 Treuhändergesetz (TrHG)
Action: Fine
Status of proceedings: final
Sector: Financial services and insurance
Liability of senior managers: For the Due Diligence Act breach, the fine is based on Art. 31(5) SPG, which makes the legal person liable for offences committed by persons in management positions.

Original amount 58,000 CHF, converted at the ECB reference rate of 12 Dec 2025.

Sources

FMA Liechtenstein: Enforcement und Sanktionen – anonymisiert veröffentlichte Sanktionen (Eintrag 12. Dezember 2025, CHF 58 000) Enforcement database of an authority

Checked against the official source on 28 Sep 2026 · Direct link

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16 Dec 2024 Finanzdienstleister (anonymisiert)Liechtenstein: CHF 75,000 fine for breaching Article 16(2) MAR LiechtensteinMarket abuse and insider dealing €80,026

The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 75,000 for breaching the obligations under Article 16(2) of the Market Abuse Regulation (EU) No 596/2014. The provision requires persons professionally arranging or executing transactions to maintain effective arrangements, systems and procedures to detect and report suspicious orders and transactions.

What organisations can take from it

Anyone who professionally arranges or executes securities transactions needs working surveillance systems and clear procedures for reporting suspected market abuse.

Relevance to training and awareness

Detecting and reporting suspicious orders and transactions (market abuse)

Authority / court: Finanzmarktaufsicht Liechtenstein (FMA)
Area of law: Capital markets and financial supervision · Market abuse and insider dealing
Legal basis: Art. 16 Abs. 2 Verordnung (EU) Nr. 596/2014 (Marktmissbrauchsverordnung) i.V.m. Art. 10 Abs. 1 Bst. b EWR-Marktmissbrauchsverordnung-Durchführungsgesetz (EWR-MDG)
Action: Fine
Status of proceedings: final
Sector: Financial services and insurance

Original amount 75,000 CHF, converted at the ECB reference rate of 16 Dec 2024.

Sources

FMA Liechtenstein: Enforcement und Sanktionen – anonymisiert veröffentlichte Sanktionen (Eintrag 16. Dezember 2024, CHF 75 000) Enforcement database of an authority

Checked against the official source on 28 Sep 2026 · Direct link

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21 Dec 2023 a Liechtenstein financial institutionLiechtenstein: CHF 500,000 fine for risk management and due diligence breaches LiechtensteinOrganisational requirementsanonymised €530,110

The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 500,000 for a serious breach of the risk management rules under the Bankengesetz (Banking Act) and a repeated breach of the due diligence obligation to establish or update the business relationship profile. The FMA only publishes final sanctions and gives no further details of the facts.

What organisations can take from it

Business profiles must be fully established and kept up to date for every business relationship; repeated deficiencies combined with weak risk management lead to high fines.

Relevance to training and awareness

Risk management and up-to-date business profiles under due diligence law

Authority / court: Finanzmarktaufsicht Liechtenstein (FMA)
Area of law: Capital markets and financial supervision · Organisational requirements
Legal basis: Art. 63a Abs. 1 Bst. b Bankengesetz (BankG); Art. 31 Abs. 1 Bst. e Sorgfaltspflichtgesetz (SPG)
Action: Fine
Status of proceedings: final
Sector: Financial services and insurance

Original amount 500,000 CHF, converted at the ECB reference rate of 21 Dec 2023.

Sources

FMA Liechtenstein, Enforcement und Sanktionen (Übersicht) (Entscheidung 2023) Enforcement database of an authority

Checked against the official source on 28 Sep 2026 · Company name anonymised since 21 Dec 2025 · Direct link

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How the radar is compiled

Official sources only

Every case is based on a decision, press release or database of an authority or a court. Press and law-firm reports count at most as additional references.

Four-eyes check

Whoever enters a case may not approve it. A second, independent check compares company, date, amount and area of law with the source. Only then is the case published.

Comparable amounts

Amounts are converted at the ECB reference rate on the day of the decision. Each case also shows the original amount.

Corrections on record

A correction is a new version that is checked again. Every change is logged. You can report errors directly on each case.

Case texts are translated from the German original. Where a translation is not yet available, the German text is shown and marked “(German original)”. Names of authorities, laws and companies are given as in the source (company names until they are anonymised).

Company names are anonymised two years after a case is published, in line with the practice of many supervisory authorities. The official sources remain linked.

The radar reports on published decisions and is not legal advice. Decisions that are not yet final are marked as such where the status is known.

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