- Unfortunately, I do not know about this decision.
But I'm convinced we did not do anything wrong.
I do not think the county administrative board understood how this activity works.
But it is a lot of money, so we will appeal, says the owner to SVT Gävleborg.
The shortcomings are serious and systematic
The county administrative boards are supervisory authorities for companies that handle a lot of cash in their operations and are registered in the Swedish Companies Registration Office's register against money laundering.
If you as a company handle cash transactions corresponding to 5,000 euros (approximately 50,000 kronor) or more, you must be registered there.
When inspecting the company, the county administrative board was able to establish that there was a lot of cash when trading with other companies without being able to show what inspections were made before a business relationship was established.
The county administrative board in Västra Götaland considers the violations of the regulations to be systematic.
“The County Administrative Board can state that the shortcomings in how the company complies with the money laundering regulations have been serious and systematic.
There is thus a great risk that the company may have been used for money laundering and financing of terrorism, ”the county administrative board writes in its decision.
Deterrent
The County Administrative Board cannot determine whether the company has made any profit as a result of the violations.
It is also written that the sanctions against the company must be effective, proportionate and dissuasive.
The County Administrative Board of Västra Götaland sets the sanction fee at SEK 3.5 million.
The case can be appealed to the administrative court.