{"id":1076,"date":"2025-11-14T06:20:22","date_gmt":"2025-11-14T10:20:22","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=1076"},"modified":"2025-11-14T06:20:23","modified_gmt":"2025-11-14T10:20:23","slug":"finland-e540000-fine-for-sanctions-compliance-failings-by-online-retailer","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/11\/14\/finland-e540000-fine-for-sanctions-compliance-failings-by-online-retailer\/","title":{"rendered":"Finland &#8211; \u20ac540,000 fine for sanctions compliance failings by online retailer"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Regional State Administrative Agency for Southern Finland has <a href=\"https:\/\/avi.fi\/tiedote\/-\/tiedote\/71569480\">issued a \u20ac540,000 fine<\/a> to online retailer Verkkokauppa.com for failings under the Anti-Money Laundering Act. As one of the compliance requirements under the act is compliance with EU and UN sanctions, some of the compliance failings identified included a lack of sanctions screening for customers, including high risk customers seeking to pay cash.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The full <a href=\"https:\/\/avi.fi\/documents\/25266232\/111690840\/P%C3%A4%C3%A4t%C3%B6s,%20Verkkokauppa.com%20Oyj_julkinen.pdf\/9a1badd3-12f0-86c6-2d47-5c39614d5fd9\/P%C3%A4%C3%A4t%C3%B6s,%20Verkkokauppa.com%20Oyj_julkinen.pdf?t=1761827677014\">Decision is here<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">My thanks to Aleksi Pursiainen for mentioning this case on the most recent monthly sanctions webinar hosted by the Network for Financial Crime Prevention.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Regional State Administrative Agency for Southern Finland has issued a \u20ac540,000 fine to online retailer Verkkokauppa.com for failings under the Anti-Money Laundering Act. As one of the compliance requirements under the act is compliance with EU and UN sanctions, some of the compliance failings identified included a lack of sanctions screening for customers, including &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/11\/14\/finland-e540000-fine-for-sanctions-compliance-failings-by-online-retailer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Finland &#8211; \u20ac540,000 fine for sanctions compliance failings by online retailer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,80,71],"tags":[20,12,29],"ppma_author":[7],"class_list":["post-1076","post","type-post","status-publish","format-standard","hentry","category-95","category-consumer-products-and-services","category-financial-services","tag-financial-sanctions","tag-fine","tag-finland"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","author_category":"","last_name":"Handley","first_name":"Mark","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html\">Read Mark's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=1076"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1076\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=1076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=1076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=1076"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=1076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}