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 authority- South African Reserve Bank (SARB) €8,005 100 % · 1 case
What for?
by area of lawAll areas of law
Who?
by company- Capitec Bank Limited €1.49m 30 % · 1 case
- FirstRand Bank Ltd (WesBank); Toyota Financial Services South Africa Ltd; Toyota Motor Corporation u. a. (6 Unternehmen) €1.46m 29 % · 1 case
- The Standard Bank of South Africa Limited €675,255 14 % · 1 case
- Sanlam Collective Investments (RF) (Pty) Ltd €527,691 11 % · 1 case
- Absa Bank Limited €468,147 9 % · 1 case
- Tana Africa Capital Managers (Pty) Ltd €152,404 3 % · 1 case
- Ninety One Fund Managers SA (RF) (Pty) Ltd €146,313 3 % · 1 case
- African Bank Limited €32,753 1 % · 1 case
- Access Forex (Pty) Limited €8,005 0 % · 1 case
- 80 Eight South Africa (Pty) Ltd (vormals Ela Asset Management (Pty) Ltd) – 0 % · 1 case
- 1 more€0
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 | 1 | €8,005 |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
1 case
17 Oct 2025 Access Forex (Pty) LimitedAccess Forex: ZAR 162,500 on foreign exchange dealer for AML failings €8,005
The authorised dealer in foreign exchange with limited authority (ADLA, a category that includes bureaux de change) had not incorporated key requirements of the FIC Act into its risk management and compliance programme, had failed to identify and verify some customers and had not given its staff adequate training. The penalties amount to 100,000 ZAR (section 42(1)), 37,500 ZAR (section 20) and 25,000 ZAR (section 43), 162,500 ZAR in total. The amount and the facts have not been confirmed against the primary source.
Foreign exchange dealers and bureaux de change, too, must align their compliance programme with all statutory duties and train their staff regularly.
Customer identification and mandatory training at foreign exchange dealers
Missing or inadequate training played a role in the decision.
- Authority / court
- South African Reserve Bank (SARB)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Sections 20, 42(1) und 43 Financial Intelligence Centre Act 38 of 2001
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 17 Oct 2025
Original amount 162,500 ZAR, converted at the ECB reference rate of 17 Oct 2025.
- SARB Press release, 17 October 2025: The South African Reserve Bank imposes administrative sanctions on Access Forex (Pty) Limited, an Authorised Dealer in foreign exchange with limited authority Press release of an authority
- SARB Media release page: Access Forex sanction Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link