Penalty payment of EUR 25,000 to Roble Services Oy for failures in compliance with AML regulation
The Financial Supervisory Authority (FIN-FSA) has imposed a penalty payment of EUR 25,000 on Roble Services Oy for having failed to prepare an adequate risk assessment and to adequately assess the risks of money laundering and terrorist financing involved in customer relationships.In the FIN-FSA’s opinion, the most severe infringement by Roble Services Oy, as a money remittance service provider, is the failure to submit reports to the Financial Intelligence Unit on 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 failures to comply with key obligations in anti-money laundering. In addition, the financial position of Roble 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 Roble 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. Roble 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)