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.
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Where?
by authority- Finanzmarktaufsicht Liechtenstein (FMA) €725,740 100 % · 5 cases
What for?
by area of lawAll areas of law
Who?
by sectorAll sectors
When?
per quarter, by date of decision| 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
21 Dec 2023 a Liechtenstein financial institutionLiechtenstein: CHF 500,000 fine for risk management and due diligence breaches €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.
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.
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.
- 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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21 Aug 2026 Bank oder Finanzinstitut (anonymisiert)Liechtenstein: CHF 50,000 fine for due diligence and sanctions screening failures €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.
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.
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.
- 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 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.
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.
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
- 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) €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.
Trust companies must keep client profiles up to date and systematically identify, document and disclose conflicts of interest.
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.
- 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 €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.
Anyone who professionally arranges or executes securities transactions needs working surveillance systems and clear procedures for reporting suspected market abuse.
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.
- 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