Sanctioning decisions adopted by the ASF Council in September 2025

Bucharest, 8 October 2025 - In September 2025, the Council of the Financial Supervisory Authority adopted several sanctioning decisions, as well as a series of measures applicable to entities/persons operating in the non-banking financial market for violating certain provisions of the relevant legislation.

CAPITAL MARKET

SSIF Interfinbrok Corporation

Measures ordered following the periodic inspection:

• establishment of a plan of measures to be implemented by the company;
• sanctioning of the company with a warning.

The main elements identified during the inspection concerned operational/procedural aspects relating to the method of determining the appropriate level of investment knowledge and experience of clients and the calibration of the ML-TF risk matrix.

Evergent Investments 

Measures ordered following the periodic inspection:

• establishment of a plan of measures to be implemented by the company;
• imposition of a fine of RON 17,700 on the company;
• issuing a warning to Mr. Liviu-Claudiu Doroș (general manager), Mr. Cătălin Jianu Dan Iancu (deputy manager), Mr. Gabriel Lupașcu (compliance officer), and Mrs. Michaela Pușcaș (compliance officer).

The main issues identified concerned organizational/operational aspects relating to the type of signature used for documents addressed to ASF, and procedural/operational aspects relating to ML-TF risk assessment.

MW Green Power S.A.

• Imposition of a fine in the amount of RON 14,400 on MW Green Power S.A. Făgăraș for unjustified refusal to respond to the ASF requests, a fact likely to impede the exercise of ASF's legal powers/competences.
• MW Green Power S.A. was ordered to take the necessary measures to respond to the authority's requests within three working days of the date of entry into force of the individual act.

       Firebyte Games S.A.

Sanctioning Mr. Achiriloaie Alexandru with a warning, in his capacity as back office operator within S.A.I. Swiss Capital Asset Management S.A., for failure to comply with the provisions of Art. 71 para. (1) of Law No. 24/2017, republished, as subsequently amended and supplemented.

       Societate de servicii de investiții financiare SWISS CAPITAL S.A.

• Bogdan Juravle, as head of S.S.I.F Swiss Capital S.A., was fined RON 23,100 based on the provisions of Art. 71 and Art. 72 para. (1) letter e) and para. (2) letter c) of Law no. 236/2022 on the prudential supervision of financial investment services companies;
• Olimpiu Blajuț, as head of S.S.I.F Swiss Capital S.A., was fined RON 23,100 lei based on the provisions of Art. 71 and Art. 72 para. (1) letter e) and para. (2) letter c) of Law No. 236/2022 on the prudential supervision of financial investment services companies.
• Issuing a decision to establish a plan of measures for SSIF Swiss Capital S.A. in accordance with the provisions of Art. 48 letter a) and Art. 72 para 4 letter d) of Law 236/2022.

INSURANCE MARKET

Following the periodic inspection carried out at the brokerage company Willis Towers Watson Romania - Broker de Asigurare Reasigurare S.R.L., the following decisions were issued:

• decision to impose a fine of RON 7,600 for failure to maintain/update the Register of Secondary Intermediaries, failure to have a written policy providing for the verification of the moral probity requirements of its own employees and secondary intermediaries during the period of collaboration with them; failure to assess customer requirements and needs using the customer requirements and needs assessment form (DNT) prior to presenting insurance products and concluding three insurance contracts; failure to comply with the requirements regarding authentication on the IT platform for issuing and managing insurance contracts;

• decision to impose a written warning for the following issues: failure to appoint a direct manager responsible for ML/TF for the period 01.04.2023 – 31.12.2024; failure to include in the individual employment contract of the designated ML/TF person and the ML/TF compliance officer the clause according to which they have the right to address directly, on their own behalf, ASF and/or the National Office for Preventing and Combating Money Laundering; failure to report to the National Office for Preventing and Combating Money Laundering, during the period under review, external transfers from accounts, in lei or foreign currency, whose minimum limit is the equivalent in lei of EUR 10,000, within a maximum of 3 working days from the date of the transactions.