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FIN-FSA issues penalty payments over reporting and insider list failures

Helsinki city by night. A drone view to the city center, Market Square and Helsinki Cathedral
Photo: Oleksandr Rasskazov/Getty Images

The Finnish authority has issued penalty payments on one bank and two companies.

FIN-FSA, the Financial Supervisory Authority in Finland, has issued a total of €585,000 ($680,000) in fines to three entities during recent months.

Familiam Asset Management Oy – €70,000

On March 25, a combined penalty of €70,000 ($81,395) was imposed on Familiam Asset Management Oy by FIN-FSA for alleged omissions in transaction reporting and regulatory reporting. The company