The Norwegian Financial Supervisory Authority (Finanstilsynet) has published an inspection report on Aktiv Eiendomsmegling Elverum AS following an on-site review of the firm’s risk assessment, procedures and compliance with the Real Estate Brokerage Act and the Anti-Money Laundering Act, including its internal controls and handling of client funds. The inspection identified deficiencies in the firm’s risk assessment and routines, particularly those governing the responsible broker’s supervision of assistant real estate brokers, alongside multiple errors in the execution of housing project assignments and gaps in anti-money laundering compliance in day-to-day case handling. Finanstilsynet found the firm had not identified or assessed risks relating to bids not being received or communicated and did not address risks linked to missing continuing education. Procedures for supervising assistant brokers were not sufficiently concrete, including missing clarity on the responsible broker’s checks of key documents before publication and other binding steps, and no stated minimum requirement for how many cases an assistant must complete together with the responsible broker before acting alone. In project assignments, the report highlights ten cases where the statutory guarantee under the Housing Construction Act was provided late without documentation that buyers had been properly advised, and four cases where takeover occurred later than agreed without documented fulfilment of the duty to advise; the firm also referenced a 2025 board decision not to accept new Housing Construction Act projects. The inspection further noted weaknesses in security measures for client funds, shortcomings in routines supporting a dual-track sales strategy following changes to the Alienation Act, and several anti-money laundering and sanctions-screening gaps, including incomplete procedures for following up outsourced customer due diligence, failures in identity and authority checks, beneficial ownership controls, and risk classification in sampled assignments, a missed investigation of suspicious source-of-funds information, and screening routines that did not require checks of the actual sender or recipient in a transaction when these differ from the parties to the sale. The firm indicated it will incorporate Finanstilsynet’s remarks into its risk assessment and procedures, and Finanstilsynet asked the firm to provide a copy of the report letter to its auditor.
Norwegian Finanstilsynet 2025-09-22
Norwegian Financial Supervisory Authority inspection finds supervisory, project assignment and anti-money laundering control weaknesses at Aktiv Eiendomsmegling Elverum AS
The Norwegian Financial Supervisory Authority (Finanstilsynet) published an inspection report on Aktiv Eiendomsmegling Elverum AS, identifying deficiencies in risk assessment, supervision of assistant brokers, and anti-money laundering compliance. The report highlighted issues in project assignments, client fund security, and dual-track sales strategy routines. The firm plans to address these findings and provide the report to its auditor.