Ferratum Global Risk Report

⚖️ Legal & Regulatory

Ferratum Global and its subsidiaries have faced several legal and regulatory challenges. These issues highlight recurring compliance concerns and significant financial penalties, signifying ongoing legal compliance risks. Such issues may affect their reputation and operational stability.

• Ferratum Australia was ordered to pay $16 million in penalties due to prohibited fees and deficient systems 🗓 June 28, 2024.
• The Federal Court ruled against Ferratum Australia 🗓 September 15, 2023, underscoring regulatory compliance failures.
• The Financial Intelligence Analysis Unit (FIAU) fined Ferratum Bank €653,637 for various shortcomings 🗓 August 12, 2022.
• Ferratum Bank faced a €188,000 penalty imposed by the Malta Financial Services Authority (MFSA) 🗓 April 10, 2018, for compliance lapses.