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- Financial Sector Conduct Authority (FSCA) €152,404 100 % · 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 | 1 | €152,404 |
| Q1 2025 | 0 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
1 case
21 Nov 2024 Tana Africa Capital Managers (Pty) LtdFSCA: ZAR 2.9m against Tana Africa Capital Managers, upheld by the Appeal Board €152,404
An inspection showed that the asset manager's risk management and compliance programme was deficient and not effectively implemented, and that client data was not screened against the UN Security Council targeted financial sanctions lists. The FSCA imposed ZAR 2.9m, of which ZAR 1m is conditionally suspended for three years; on 6 November 2024 the FIC Act Appeal Board dismissed the appeal against the amount and held that reliance on an external compliance adviser does not relieve an institution of responsibility. The amount and the facts have not been confirmed against the primary source.
A firm that outsources compliance to an external provider remains responsible for meeting its anti-money laundering duties itself, even with just a single client.
Sanctions list screening and accountability despite external compliance advice
- Authority / court
- Financial Sector Conduct Authority (FSCA)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Financial Intelligence Centre Act 38 of 2001, ss. 42(1), 42(2) i. V. m. s. 21(1); s. 28A i. V. m. ss. 26A–26C
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- ZAR 1m conditionally suspended for three years.
- Published
- 21 Nov 2024
Original amount 2,900,000 ZAR, converted at the ECB reference rate of 21 Nov 2024.
Checked against the official source on 4 Oct 2026 · Direct link