Prevent money laundering – Take the correct action!

When we prevent money laundering and terrorist financing, we are also fighting other forms of crime.

Do the right thing

Background

Money laundering refers to the process of making property obtained through criminal activity seem legitimate.

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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.

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What, how, why...?

We have compiled a list of questions and answers concerning the prevention of money laundering and terrorist financing.

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News

19.4.2023 15.53

FIN-FSA published AML supervision strategy - effectiveness of sanctions monitoring to be improved by legislative reform

The Financial Supervisory Authority (FIN-FSA) has published a supervision strategy for anti-money laundering. The objective of the strategy is to reduce the risk of money laundering, terrorist financing and breaches of financial sanctions in the operation of supervised entities. In March, the Parliament adopted a partial reform of the Anti-Money Laundering Act, which provides the FIN-FSA with the authority to supervise compliance with sanctions in the financial sector more effectively than before.

28.2.2023 14.27

The National Police Board has published instructions on preventing money laundering for the agents of Veikkaus Oy

National Police Board’s Gambling Administration has published on its website instructions for preventing money laundering and terrorist financing for Veikkaus Oy's agents who supply its games.

4.10.2022 11.50

Finland continues to strengthen its framework for preventing money laundering and terrorist financing – remains in enhanced follow-up process

According to an assessment by the Financial Action Task Force (FATF), Finland has taken a number of actions to strengthen its framework for preventing money laundering and terrorist financing.

15.9.2022 11.30

Renewed Bank and Payment Accounts Control System helps to combat crime and enables broader cooperation between authorities

The combat against money laundering and financing of terrorism becomes more efficient with the renewed legislation on the Bank and Payment Accounts Control System on 15 September 2022. At the same time, the scope of use of the legal act is extended. With the renewal, the Bank and Payment Accounts Control System can in the future be used by even more authorities, and more efficiently than before.