The Financial Supervisory Authority (FIN-FSA) has published, on its website, the principles that are taken into consideration in the comprehensive assessment for determination of the size of penalty payments and administrative fines. The major change to the principles published in 2015 derives from the Act on the Prevention of Money-Laundering and Terrorist Financing (444/2017). The other changes are of a technical nature and are mainly related to amendments to the Act on the Financial Supervisory Authority.
Publication of the principles is based on the Act on the Financial Supervisory Authority1.
For further information, please contact
- Sonja Lohse, Head of Unit, Chief Advisor, tel. +358 9 183 5311, or sonja.lohse(at)fiva.fi
- Olli Laurila, Senior Legal Advisor, tel. +358 9 183 5337, or olli.laurila(at)fiva.fi.
Determining the size of penalty payments and administrative fines
1See the detailed rationale of section 41 of the Act (Government Bill 39/2014).