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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.

Financial sanctions and freezing of funds International financial sanctions International sanctions are restrictive measures limiting or suspending economic or commercial cooperation and, for example, transport and communications links or diplomat...

The traveller’s cash If you arrive in the EU territory or you leave the EU territory and have cash worth 10 000 euros or more with you, declare the money to Customs. The cash declaration form and more detailed instructions are available on the Cus...

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.

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

The Ministry of Finance and the Ministry of the Interior are the ministries responsible for the prevention of money laundering and terrorist financing. Other key ministries involved in this work are the Ministry of Justice, the Ministry for Foreign Affairs, the Ministry of Economic Affairs and Employment, and the Ministry of Social Affairs and Health.

Current issues This page features the latest news and press releases from the organisations that maintain the moneylaundering.fi website. Government continues to combat the shadow economy and economic crime Type: Press release Publication date: 19...

Do the right thing Money laundering and terrorist financing can be prevented when authorities supervise the operators and situations that the legislation concerns. Under the Anti-Money Laundering Act, obliged entities include many entrepreneurs th...

The following are essential for preventing money laundering and terrorist financing: legislation, adherence, implementation and monitoring of laws across actors, economic sanctions and decisions on freezing of assets, international cooperation

Terrorist financing Terrorist financing means the provision or collection of funds, directly or indirectly, to commit a terrorist offence. Financing or attempting to finance a terrorist group or an individual terrorist is punishable. Financing of ...

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...

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...

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

7.10.2021 | 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.

I juni blir det ändringar till kontrollen av kontanta medel i gränstrafiken då den nya förordningen gällande kontanta medel som förs in eller ut ur Europeiska unionen börjar tillämpas den 3 juni 2021. Den nya förordningen utvidgar bland annat definitionen av kontanta medel och förenhetligar anmälningsrutinerna. I Finland är det Tullen som övervakar förflyttningar av kontanta medel vid gränsövergångsställena.

10.10.2024 | The Ministry of the Interior is requesting comments on a draft proposal for amending the Act on the Bank and Payment Account Monitoring System. The consultation round ends on 21 November 2024.

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...

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...

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.

28.10.2021 | 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.