Financial crime has significant, harmful impacts on society. OP Financial Group and other financial service providers play a key role in preventing such crime.
We are committed to protecting our customers and society from financial crime. It is our task to ensure that neither our products nor our services are used to commit crimes. Our financial crime prevention activities are guided by our strict risk management principles and practices.
We invest in anti-financial crime activities
We take anti-financial crime activities extremely seriously. Over the years, we have developed our anti-financial crime processes, practices, internal control, and systems.
OP Financial Group processes billions of transactions a year and uses various systems and experts to monitor them. We continuously invest in financial crime prevention through our employees and system development.
Hundreds of specialists are engaged in anti-financial crime work in OP Financial Group’s central cooperative. Employees of OP cooperative banks and OP Financial Group’s other companies also play an important role in Know Your Customer (KYC) activities, maintaining customer data, monitoring customers’ account transactions, and identifying suspicious activities.
All OP Financial Group employees are regularly trained in matters such as the detection and reporting of unusual transactions. In this way, we ensure that they understand regulations, guidelines and procedures related to anti-money laundering (AML) activities and sanctions.
General principles of financial crime prevention
- In our operations, we promote the sustainable prosperity, security and wellbeing of our owner-customers and operating region.
- Our core values – people first, responsibility, and succeeding together – guide our daily work.