Penalty payment of EUR 15,000 to Alami Services Oy for failures in compliance with AML regulation
The Financial Supervisory Authority (FIN-FSA) has imposed a penalty payment of EUR 15,000 on Alami Services Oy, a money remittance service provider, for having failed to report to the Financial Intelligence Unit individual or linked payments or remittances with a value of at least EUR 1,000. The reporting is mandatory and concerns each instance of exceeding the sum threshold of EUR 1,000.The overall assessment concerning the amount of the penalty payment reflects the nature, extent and long duration of the non-compliance with a key obligation in anti-money laundering. In addition, the financial position of Alami Services Oy was taken into consideration in the assessment.
The failures were discovered in an inspection conducted by the FIN-FSA in 2022 intended to examine how Alami Services Oy executes its obligation to comply with the Act on the Prevention of Money Laundering and Terrorist Financing.
The penalty payment is payable to the State.
The FIN-FSA’s decision is not yet legally binding. Alami Services Oy has the right to appeal against the decision adopted on 3 June 2024 to the Helsinki Administrative Court within 30 days of receipt of the decision.
For further information, please contact
Janne Häyrynen, Head of Unit, Legal and Pekka Vasara, Head of Division, Anti Money Laundering. Requests for interviews are coordinated by FIN-FSA Communications, tel. +358 50 385 5030 (weekdays 9.00–16.00).
Appendix
Decision of the Financial Supervisory Authority (pdf, in Finnish)