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Distribution channels biggest AML/TF risk in Finnish life insurance sector
General risk level remains at level two of a four-stage scale.
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€500,000 penalty imposed on LocalBitcoins Oy for AML failings
The Finnish company failed to comply with anti-money-laundering regulations.
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FIN-FSA issues combined €1m penalty payment on Alexandria Group Plc
The company failed to obtain required information about clients before providing investment advice.
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S-Bank Plc to pay over €7m for omissions in operational risk management
Some of S-Bank’s customers experienced financial losses after criminals exploited the malfunction.
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FIN-FSA reveals rise in investigations submitted to police in 2024
Finland’s Financial Supervisory Authority saw increasing variations of scams during 2024, and issued more penalty payments than before.
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FIN-FSA fines Savcor Technologies, and BBS-Bioactive Bone Substitutes
The failures included omissions to notify managers’ transactions on time, and not informing individuals about their regulatory obligations.
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FIN-FSA fines three individuals for late notification of managers’ transactions
The three individuals were fined a total amount of €18,000.
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GRIP Country Guides: Finland
A first port of call for firms wishing to do financial services business in Finland. This guide covers regulation, compliance and best practice.