Information on administrative sanctions or measures under Article 62 of Directive (EU) 2015/849 (AMLD4)

The ability, by competent authorities, to impose administrative sanctions and other corrective measures to hold firms liable for breaches of their AML/CFT obligations is one of the cornerstones of an effective AML/CFT regime. To be effective, administrative sanctions or measures should be proportionate to the breach and the nature and size of the firm, and dissuasive to change the firm's behaviour and that of its peers.

The AMLD4 sets out a broad range of administrative sanctions and measures all Member States must be able to impose for breaches of the applicable AML/CFT framework. It also requires that competent authorities publish information on the sanctions and measures they have imposed. This is because publishing information can have an important deterrent effect, and is also relevant for:

  • other firms, to inform their view of the ML/TF risks associated with the firm before entering into a business relationship; and
  • competent authorities in other Member States, to assess the ML/TF risks associated with a particular firm, which is operating in their Member State on a cross-border basis.

Listed below are the links to the competent authorities' websites that contain information on sanctions and administrative measures they have imposed for breaches of applicable AML/CFT obligations. 

Legal basis

Pursuant to Article 60 of Directive 2015/849/EU, Member States are required to ensure that a decision imposing an administrative sanction or measure for breach of the national provisions transposing the Directive against which there is no appeal shall be published by the competent authorities on their official website immediately after the person sanctioned is informed of that decision. The publication shall include at least information on the type and nature of the breach and the identity of the persons responsible. Member States shall not be obliged to publish decisions imposing measures that are of an investigatory nature.

In accordance with Article 62(3) of Directive 2015/849/EU, the ESAs shall maintain a website with links to each competent authority's publication of administrative penalties under Article 60. Set out below are the relevant links provided by the competent authorities responsible for the adoption of administrative sanctions and measures in each Member State when the AML legislation is breached.

 

Member state

Name of the authority / authorities

Austria

Austrian Financial Market Authority (DE)

Belgium

Autorité des services et marchés financiers (NL)

Autorité des services et marchés financiers (FR)

Banque nationale de Belgique (FR)

Banque nationale de Belgique (NL)

Bulgaria

 

 

Bulgarian National Bank (EN)

Bulgarian National Bank (EN) annual report

Financial Supervision Commission Bulgaria (EN)

Financial Supervision Commission Bulgaria (BG)

Croatia

 

 

Croatian Financial Services Supervisory Agency

Croatian National Bank

Ministry of Finance, Financial Inspectorate

Cyprus

 

 

Insurance Companies Control Service

Cyprus Securities and Exchange Commission

Central Bank of Cyprus

Czech Republic

 

Czech National Bank

Financial Analytical Office of the Czech Republic (CZ)

Denmark

Danish Financial Supervisory Authority (DK)

Danish Financial Supervisory Authority (EN)-decisions

Danish Financial Supervisory Authority (EN)-orders

Danish Financial Supervisory Authority (EN)-reprimands

Estonia

Estonian FIU

Finantsinspektsioon

Finland

 

FIN-FSA Finanssivalvonta (FI)

FIN-FSA Finanssivalvonta (SV)

FIN-FSA Finanssivalvonta (EN)

The Regional State Administrative Agency for Southern Finland

France

Autorité des marchés financiers

Autorité de contrôle prudentiel et de résolution

Germany

Bundesanstalt für Finanzdienstleistungsaufsicht

Greece

 

Hellenic Capital Market Commission

Bank of Greece

Hungary

Magyar Nemzeti Bank

Iceland

Financial Supervisory Authority

Ireland

Central Bank of Ireland

Italy

 

 

Banca d'Italia

Organismo degli Agenti e Mediatori

IVASS - Institute for Insurance Supervision

Latvia

 

 

Consumer Rights Protection Centre of Latvia

Latvijas Banka

Financial and Capital Markets Commission

Lichtenstein

FMA Lichtenstein

Lichtenstein Bar Association

Lithuania

Bank of Lithuania

Luxemburg

 

Commission de Surveillance du Secteur Financier

Commissariat aux Assurances (CAA)

Malta

Malta Financial Services Authority (MFSA)

Financial Intelligence Analysis Unit (FIAU)

Netherlands

 

The Dutch Authority for the Financial Markets (NL)

De Nederlandsche Bank (NL)

Norway

The Financial Supervisory Authority of Norway

Poland

Polish FSA

Polish FIU

Portugual

 

 

Banco de Portugal

Autoridade de Supervisão de Seguros e Fundos de Pensões

Comissão do Mercado de Valores Mobiliários (PT) administrative sanctions

Comissão do Mercado de Valores Mobiliários (EN)administrative sanctions

 

Comissão do Mercado de Valores Mobiliários (criminal sanctions)

Romania

Autoritatea de Supraveghere Financiară (ASF)

National Bank of Romania

Slovakia

Finančná spravodajská jednotka (FIU)

Národná Banka Slovenska (National Bank)

Slovenia

 

 

 

Securities Market Agency

Bank of Slovenia

Office for Money Laundering Prevention

Insurance Supervision Agency (AZN)

Spain

Comisión de Prevención del Blanqueo de Capitales e Infracciones Monetarias

Sweden

Finansinspektionen

UK

 

Financial Conduct Authority

Her Majesty's Revenue and Customs (HMRC)

Gibraltar Financial Services Commission - warnings

Gibraltar Financial Services Commission - statements