Almennri innheimtu ehf

Description

The Icelandic DPA has imposed a fine of EUR 24,000 on Almennri innheimtu ehf. The controller had submitted information on loan defaults for registration even though the required registration conditions for this have not been in place. For instance, unpaid small loans were registered although they were below the required minimum amount. In assessing the fine, the fact that a large number of people were affected by the incident and that the controller was pursuing profits were considered aggravating factors.