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The regulations that seek to prevent money laundering and terrorist financing consist of national legislation and European and international regulations.

FATF (Financial Action Task Force on Money Laundering) is an inter-governmental body operating under the Organisation for Economic Co-operation and Development OECD. FATF cooperates internationally to prevent money laundering and the financing of terrorism and weapons of mass destruction.

Obliged entities Companies and professionals who can identify risks related to money laundering or terrorist financing or be expected to be exploited for these purposes are key to the fight against money laundering and terrorist financing. Such in...

Frequently asked questions – Prevention of money laundering and terrorist financing We have compiled a list of questions and answers concerning the prevention of money laundering and terrorist financing. If you can’t find the answer you are lookin...

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 author...

. The Ministry of Finance is responsible for the service, and it is maintained by the Ministry of Fi-nance, the Ministry of the Interior, the Finnish Bar Association, the Border Guard, Finnish Customs, the Regional State Administrative Agency for Southern Finland, the Financial Supervisory Authori-ty, the Tax Administration, the Finnish Patent and Registration Office, the Ministry of Justice and the Ministry for Foreign Affairs.

21.4.2022 | The Financial Action Task force (FATF) is holding a ministerial meeting in Washington on Thursday, 21 April. Finland will be represented by Permanent Under-Secretary Leena Mörttinen.

10.10.2024 | Public authorities will be better able to exchange information in their efforts to prevent money laundering and terrorist financing. The Government is proposing legislative amendments that will improve access to information and strengthen national security.

24.10.2023 | The Financial Action Task Force (FATF) is ending Finland’s enhanced follow-up process. Finland will continue to improve prevention efforts by enhancing exchange of information.

22.4.2022 | The Financial Action Task force (FATF) held a ministerial meeting in Washington on Thursday, 21 April. Finland was represented by Permanent Under-Secretary Leena Mörttinen.

23.7.2021 | 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.

8.2.2024 | Unofficial international money remittances involve a very high risk of money laundering and terrorist financing. In addition, public authorities responsible for anti-money laundering and countering the financing of terrorism and other key actors consider the risk to be high for virtual currency providers, banks and payment service providers.

2.1.2024 | Entities obliged to carry out customer due diligence under the Act on Preventing Money Laundering and Terrorist Financing would have better access to information on politically exposed persons if the information were processed using a centralised national information system. The Ministry of Finance is requesting comments on its assessment of the matter.

4.10.2022 | 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.

19.12.2024 | GOVERNMENT RESOLUTION ON A STRATEGY FOR TACKLING THE GREY ECONOMY AND ECONOMIC CRIME FOR 2024–2027 Executive summary In May 2024, the Ministry of Economic Affairs and Employment set up a preparatory group to update the Strategy and Action Plan for...

19.12.2024 | On 19 December 2024, the Government adopted a strategy and an action plan for tackling the shadow economy and economic crime for 2024–2027. During the new programming period, operating conditions of the authorities will be enhanced and their cooperation intensified.

9.9.2021 | The Government supports a new EU-level supervisory system to fight money laundering and terrorist financing.

19.12.2024 | Action Plan for Tackling the Grey Economy and Economic Crime 2024–2027 Action Plan 2024–2027 On 17 May 2024, the Ministry of Economic Affairs and Employment issued a deci- sion to set up a preparatory group for updating the Strategy and Action Pla...

11.11.2024 | Cashing Out Joint report by the Nordic countries on cross-border money laundering via cash transportation Foreword As the global economy is getting more and more digitized, criminals are still using cash to carry out their criminal activity, as ca...

21.5.2024 | In 2020–2023, more than 50 projects tackling the shadow economy and economic crime were carried out in Finland. They succeeded in preventing abuses, promoting healthy competition between companies and supporting a fair labour market by improving the transparency and openness of business activities, for example.