The Financial Supervisory Authority of Norway has published an inspection report on Strømmen Eiendomsmegling AS, identifying several breaches of the rules on client funds handling and settlement, alongside shortcomings in the firm’s anti-money laundering (AML) compliance, risk assessment and internal routines. Key findings included incorrect interest calculations in settlements for new-build projects under the Housing Construction Act and one case where the firm failed its duty of care to a buyer by completing settlement for a new-build sale under the Alienation Act before the seller had provided the required statutory guarantee. The inspection also raised issues around access controls for granting user authorisations and disposing of client accounts, deficiencies in real estate brokerage professional risk assessments and routines, and weaknesses in AML procedures and execution. AML routines appeared insufficiently tailored to the firm’s business, guidance on how to carry out closer investigations of suspicious circumstances was not sufficiently clear, and one employee had not received AML training (subsequently completed). Sample testing found compliance errors in both older and more recent matters, including missing information on who could operate a seller company’s bank account and a case of incorrect risk classification; the firm linked one issue to an electronic settlement form that was being corrected. Additional comments covered incomplete documentation for outsourced IT and data backup arrangements and continuing education shortfalls for three employees. Finanstilsynet requested confirmation by 1 September 2025 that the firm’s real estate brokerage professional risk assessment and its AML routines have been revised in line with the findings, and asked that a copy of the letter be sent to the firm’s auditor.

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