Which authority is recorded against S-Bank Plc?

The entry is recorded against Finanssivalvonta (FIN-FSA), in the Finland jurisdiction, under the theme Suspicious transaction detection.

What is the current status of this entry?

Status: Penalty payment imposed. Last recorded change: 1 September 2024. The matter arose or was first recorded on 1 September 2024.

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-2021-01 be checked?

The entry links to FIN-FSA press release, 14 September 2021.

FI-2021-01 · Finland · 2021

FIN-FSA imposes a EUR 1.65 million penalty payment over omissions in detecting suspicious transactions

The Finnish supervisor imposed a penalty payment of EUR 1,650,000 on the bank for omissions in the detection and investigation of suspicious transactions under anti-money-laundering rules.

Helsinki bank facade at night, illustrating the FIN-FSA penalty payment — Illustrative image · S-Bank Plc

Institution: S-Bank Plc
Authority: Finanssivalvonta (FIN-FSA)
Status: Penalty payment imposed
Theme: Suspicious transaction detection
Raised by: Supervisory decision
Jurisdiction: Finland
Matter arose: 1 September 2024
Last recorded: 1 September 2024

What the sources record

The decision was published on 14 September 2021.

An earlier decision in December 2019 concerned omissions in customer due diligence at the same institution.

Primary sources

FIN-FSA press release, 14 September 2021

Questions and answers on this entry

What does register entry FI-2021-01 record?: FIN-FSA imposes a EUR 1.65 million penalty payment over omissions in detecting suspicious transactions. The Finnish supervisor imposed a penalty payment of EUR 1,650,000 on the bank for omissions in the detection and investigation of suspicious transactions under anti-money-laundering rules.
Which authority is recorded against S-Bank Plc?: The entry is recorded against Finanssivalvonta (FIN-FSA), in the Finland jurisdiction, under the theme Suspicious transaction detection.
What is the current status of this entry?: Status: Penalty payment imposed. Last recorded change: 1 September 2024. The matter arose or was first recorded on 1 September 2024.
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-2021-01 be checked?: The entry links to FIN-FSA press release, 14 September 2021.

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