Money laundering is an activity that tries to make money obtained through criminal activity seem legitimate.
Prevention work is undertaken by innumerable public authorities, and also by organisations with a reporting requirement under the anti-money laundering legislation. Finland is engaged in close international cooperation in these matters.
What, how, why...?
We have compiled a list of questions and answers concerning the prevention of money laundering and terrorist financing.
Finland supports harmonisation of EU anti-money laundering legislation
The Government supports a new EU-level supervisory system to fight money laundering and terrorist financing.
Informal video conference of economic and financial affairs ministers discusses anti-money laundering legislative package and implementation of Recovery and Resilience Facility
The EU economic and financial affairs ministers will hold an informal video conference on Monday 26 July. Minister of Finance Annika Saarikko will represent Finland at the meeting.
Study finds connection between corruption and money laundering in Nordic countries
Operators based in the Nordic countries can be taken advantage of in money laundering related to corruption, even though open corruption, such as bribery, is relatively rare in the Nordic countries. This is the conclusion of a recent study conducted by the Police University College on the connection between corruption and money laundering in the Nordic countries.
New EU Regulation enhances controls on cash at the borders
In June, there will be changes to controls on cash in border traffic, when the new Regulation on controls on cash entering or leaving the Union becomes applicable in the European Union on 3 June 2021. Among other things, the new Regulation extends the definition of cash and harmonises the declaration practices. In Finland, movements of cash are controlled at border crossing points by Finnish Customs. The aim of the controls is to prevent money laundering and terrorist financing.