Skip to main content

EUR 540,000 administrative fine imposed on Verkkokauppa.com by Regional State Administrative Agency for deficiencies in anti-money laundering legislation compliance

Written by Customer Service on . Posted in Public Companies.

EUR 540,000 administrative fine imposed on Verkkokauppa.com by Regional State Administrative Agency for deficiencies in anti-money laundering legislation compliance

Verkkokauppa.com Oyj    Press Release                       30 October 2025 at 12.25 EET

Verkkokauppa.com has today received a notification of the Regional State Administrative Agency for Southern Finland’s decision to impose an administrative fine of EUR 540,000 on Verkkokauppa.com. The decision is based on an inspection conducted by the Regional State Administrative Agency in 2023 concerning the Company’s practices related to compliance with the Anti-Money Laundering Act during the period from 1 September 2020 to 31 August 2023. In its decision, the Regional State Administrative Agency concluded that the documentation and processes required under the Anti-Money Laundering Act related to cash payments received in stores were not at a sufficient level during the inspection period. According to the Regional State Administrative Agency, there were deficiencies in the risk assessment related to cash payments, customer due diligence measures, and reporting obligation.

Verkkokauppa.com takes anti-money laundering extremely seriously and actively participates in efforts to combat money laundering and the grey economy. The Company develops its anti-money laundering measures continuously and systematically. Following the Regional State Administrative Agency’s inspection, the Company tightened its operating procedures during 2024, including introducing a maximum limit of EUR 200 for cash payments in individual purchases. The Company believes that one of the most effective ways to mitigate the money laundering risk associated with accepting cash payments is to restrict the acceptance of large cash amounts.
  
The Company will thoroughly review the Regional State Administrative Agency’s decision and will decide thereafter whether to appeal. The Regional State Administrative Agency’s decision is not legally binding.

For more information, please contact:

Elisa Forsman, Head of Investor Relations and Corporate Communications
elisa.forsman@verkkokauppa.com
Tel. +358 44 206 6094

Verkkokauppa.com is an e-commerce pioneer that stands passionately on the customer’s side. Verkkokauppa.com accelerates the transition of commerce to online with Finland’s fastest deliveries and ultimate convenience. The company leads the way by offering one-hour deliveries to more than 1.7 million customers, a winning assortment and probably always cheaper prices. Every day, the company strives to find more streamlined ways to surpass its customers’ expectations and to create a new norm for buying and owning.

Verkkokauppa.com was founded in 1992 and has been online since day one. The company’s revenue in 2024 was EUR 468 million and it employs around 600 people. Verkkokauppa.com is listed on the Nasdaq Helsinki stock exchange.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.