Background
Money laundering is an activity that tries to make money obtained through criminal activity seem legitimate.
Preventive measures
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.
Amendment to the Directive on access to financial information would enhance international financial investigations
The European Commission issued a proposal for amending the Directive on access to financial information on 20 July. The amendment would allow the competent authorities of the EU Member States to access centralised bank account registries. The Government expressed its position on the proposal in its communications submitted to Parliament on 28 October.
National implementation of EU Directive on access to financial information proceeds to Parliament
National implementation of the EU Directive on access to financial information moves a step closer. On 7 October, the Government submitted to Parliament a proposal to amend the Act on the Bank and Payment Accounts Control System and the Act on the Financial Intelligence Unit.
EU legislation
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.