Banks, financial institutions, and payment service providers in Norway that have been granted authorization or approval by the Financial Supervisory Authority (Finanstilsynet) are required to report to the Currency Register.

The purpose of the Currency Register is to prevent and combat crime, as well as to ensure correct tax and fee payments.

Information about the purpose of the transfer and the payment type must be provided when the amount being transferred from Norway via banks exceeds NOK 100 000, or when the person transferring money abroad enters the data themselves via online banking. To protect both you and us, we include this step in every payment 👌