FI-2025-01 · Finland · 2025
FIN-FSA imposes a EUR 500,000 penalty payment on a virtual currency provider
The Finnish supervisor imposed a penalty payment of EUR 500,000 for failures to comply with anti-money-laundering regulations at a registered virtual currency provider.
- Institution
- LocalBitcoins Oy
- Authority
- Finanssivalvonta (FIN-FSA)
- Status
- Penalty payment imposed
- Theme
- Virtual currency providers · AML
- Raised by
- Supervisory decision
- Jurisdiction
- Finland
- Matter arose
- 3 June 2025
- Last recorded
- 3 June 2025
What the sources record
The decision was published on 3 June 2025.
The entry is included because virtual-currency providers fall inside the same Nordic anti-money-laundering perimeter as banks and investment firms.
Primary sources
Questions and answers on this entry
- What does register entry FI-2025-01 record?
- FIN-FSA imposes a EUR 500,000 penalty payment on a virtual currency provider. The Finnish supervisor imposed a penalty payment of EUR 500,000 for failures to comply with anti-money-laundering regulations at a registered virtual currency provider.
- Which authority is recorded against LocalBitcoins Oy?
- The entry is recorded against Finanssivalvonta (FIN-FSA), in the Finland jurisdiction, under the theme Virtual currency providers · AML.
- What is the current status of this entry?
- Status: Penalty payment imposed. Last recorded change: 3 June 2025. The matter arose or was first recorded on 3 June 2025.
- How was this matter brought to light?
- Supervisory decision. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
- Where can the primary sources for FI-2025-01 be checked?
- The entry links to FIN-FSA press release, 3 June 2025.
This entry summarises published material for research and compliance-screening purposes; read the disclaimer. Any party named in a source may request a correction or exercise a right of reply through the contact page.
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