HCMC BoD's Press Release 1107/03 11 2026

The penalties are modest, but the signal matters. Listed issuers should confirm that consolidated annual accounts are prepared under IAS/IFRS and supported by robust reporting controls, including for prior-period reviews. Banks and holding companies need reliable processes for aggregating and disclosing changes in shareholdings, especially where obligations pass through corporate successions.

Securities firms should treat AML organisational design as an enforceable requirement, not a policy formality. For compliance teams, the immediate action is targeted control testing: verify IFRS reporting evidence, test shareholding aggregation and notification workflows, and review AML policies, procedures and governance against the relevant HCMC decision and Greek AML law. Firms should document any gaps and remediation plans.

The fines themselves are unlikely to create major capital or operational disruption, but they highlight reputational and supervisory risk if recurring weaknesses are left unaddressed. Use this as a prompt for focused assurance rather than a broad compliance overhaul.