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- Prudential Authority (PA) der South African Reserve Bank €1.49m 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 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 1 | €1.49m |
| Q4 2026 | 0 | – |
1 case
11 Sep 2026 Capitec Bank LimitedCapitec Bank: ZAR 28m for failings in customer due diligence and training €1.49m
Following a 2023 inspection, the supervisor found inadequate customer due diligence and inadequate enhanced and ongoing due diligence in sampled files, no ongoing training for sampled employees and gaps in the risk management and compliance programme, such as name and payment screening manuals that had not been approved by management before being implemented, and inadequately documented arrangements for terrorist property reporting and financial sanctions. Five cautions and penalties of 28 million ZAR were imposed, of which 5.5 million ZAR is suspended for 36 months from 13 October 2025; the bank had already been sanctioned with 56.25 million ZAR in December 2024. The amount and the facts have not been confirmed against the primary source.
A bank that has already been sanctioned will be judged at the next inspection on full implementation – due diligence and training must demonstrably be in place.
Ongoing due diligence and regular anti-money laundering training
Missing or inadequate training played a role in the decision.
- Authority / court
- Prudential Authority (PA) der South African Reserve Bank
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Sections 21, 21A und 21C i. V. m. 42(1), 42(2)(d), (e), (g) sowie Sections 42 und 43 Financial Intelligence Centre Act 38 of 2001
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- yes
- Mitigating circumstances
- Cooperation in remedying the deficiencies; 5.5 million ZAR suspended for 36 months.
- Published
- 11 Sep 2026
Original amount 28,000,000 ZAR, converted at the ECB reference rate of 11 Sep 2026.
- SARB Media release, 11 September 2026: Prudential Authority imposes administrative sanctions on Capitec Bank Limited Press release of an authority
- SARB/Prudential Authority: Administrative sanctions (Banks), frühere Einträge Capitec Bank Limited (2015 und 20.12.2024) Enforcement database of an authority
- SARB Media release, 20 December 2024: South African Reserve Bank imposes administrative sanctions on Capitec Bank Limited (Vorsanktion, 56,25 Mio. ZAR) Press release of an authority
Checked against the official source on 4 Oct 2026 · Direct link