In reference to today’s notice regarding Finanstilsynet’s (NFSA) final AML-report, there are no material changes to what we communicated in the notice on the 7 December 2020.
The final administrative fee stands unchanged at MNOK 400 million as we communicated to the market and booked in the 4th Quarter 2020. The criticism in the report is related to inadequate compliance with the AML act in Norway. We are not under suspicion of money laundering or complicity in money laundering.
We have made significant investments in IT-systems, employed more resources and imposed more AML expertise in recent years. This will continue, but we do not believe that additional resources are what we need right now. What is important is to maximise outcome of all the measures we have implemented.