Bucharest, 16 June 2025 - In May 2025, the Financial Supervisory Authority Council adopted several sanctioning decisions, as well as a series of measures applicable to entities/persons operating in the non-banking financial market for breaching certain provisions of the relevant legislation.
INSURANCE MARKET
Grawe România Asigurare S.A. was fined RON 54,500 for infringing the following:
Pro Mundo Broker de Asigurare S.R.L. was sanctioned with a written warning for non-compliance with the provisions of Article 22 para. (13) of ASF Regulation No. 22/2021 on insurance distribution.
CAPITAL MARKET
S.A.I. Swiss Capital Asset Management S.A.
Penalties/measures imposed following the periodic inspection:
The main issues identified during the inspection concerned organizational and operational aspects related to record keeping, exceeding investment limits, penalties incurred by an AIF, the adequacy of the internal procedural framework, and the adequacy of internal staff training in the areas of ML/TF and IS.
S.A.I. Raiffeisen Asset Management S.A.
Measures taken following the periodic inspection:
The main issues identified during the audit concerned organizational and operational aspects related to the frequency of internal audit missions in the ML/TF area and the adequacy of the internal procedural framework.
Societatea de Servicii de Investiții Financiare Swiss Capital S.A.
Measures ordered following the permanent control report: a fine of RON 10,000 for the financial investment services company Swiss Capital S.A. for failure to comply with ASF Decision No. 970/24.09.2024 which established a plan of measures.
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