Coinmotion oy, a cryptocurrency broker regulated by FIN-FSA, fulfills the obligation to report all unusual and/or suspicious transactions to the Financial Intelligence Unit in Finland. As an obliged entity under the Anti-Money Laundering Act (AML Act), Coinmotion has reported the following in H1 2021.
Coinmotion’s reporting volumes consisted of less than 100 reports during H1 2021. We ensure that all unusual transactions are investigated internally before making a report.
The supervised entities of the Financial Supervisory Authority (FIN-FSA) must monitor financial services used by their customers, deposits, payment transactions, investment activity, or the use of insurance services. Full information about the obligation to monitor transactions and make reports can be found on the FIN-FSA website.
Coinmotion oy, founded in 2012, holds licenses of a Payment Institution and Virtual Currency Service Provider granted by FIN-FSA.