2 November 2022 at 18:45 Santander receives a fine of NOK 150 million The Norwegian Financial Supervisory Authority fines Santander Consumer Bank NOK 150 million due to deficiencies in routines and systems for risk management. Finanstilsynet has carried out an inspection to review the bank’s compliance with the ICT regulations and the money laundering regulations. – In the inspection report, Finanstilsynet points out that at the time of inspection, the bank had pervasive deficiencies in compliance with basic requirements in the money laundering regulations. Finanstilsynet has imposed an infringement fee of NOK 150 million on the bank under the Money Laundering Act, writes Finanstilsynet.
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