Article from BaFin's 2017 annual report
In 2017, BaFin initiated 1882 new administrative fine proceedings (2016: 281; see Table 28 "Administrative fine proceedings"). A total of 981 proceedings were still pending from previous years. BaFin completed 300 proceedings, 96 of them by imposing a fine (previous year: 106). This translates into a prosecution ratio of 32 percent (previous year: 27.6 percent). A total of 204 proceedings were discontinued, 177 of them for discretionary reasons. BaFin imposed administrative fines of approximately €5.64 million (previous year: €2.57 million)3. The highest single fine imposed amounted to €668,000.
Since the end of 2016, BaFin has had to publish measures and sanctions4 on its website, www.bafin.de.5 It disclosed 8 administrative fine decisions in 2017, of which 7 related to compliance with financial reporting requirements.6
Table 28 Administrative fine proceedings
