AML/CTF/CPF
Industry News
The report highlights continued enforcement activity under key financial regulations.
Key updates include:
➡️ Sanctions Activity: Over 970 administrative sanctions and measures were imposed across Member States in 2024.
➡️ Fines and Settlements: Total administrative fines exceeded €100 million, with the largest penalties issued under the Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive (MiFID II).
➡️ Supervisory Convergence: ESMA noted uneven sanctioning practices across member states, reinforcing its push for consistent and transparent enforcement across the EU.
➡️ Next Steps: ESMA will coordinate with national authorities to ensure consistent enforcement and advance convergence under the Savings and Investments Union (SIU) agenda.
✅ Firms should review MAR and MiFID II enforcement trends and align compliance frameworks with evolving EU expectations as to mitigate the risk of enforcement action.
