The Authority imposes an administrative sanction of 540,000 euros on Verkkokauppa.com.
According to the Regional State Administrative Agency for Southern Finland (AVI), the chain known for selling electronics has neglected the Anti-Money Laundering Act. The law requires, among other things, identifying the customer when sums exceed 10,000 euros as a single transaction or as related transactions.
AVI considers it particularly reprehensible that the company has not reported suspicious transactions.
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