Finland’s measures to combat money laundering and terrorist financing

20

April 16 2019

Finland’s measures to combat money laundering and terrorist financing are delivering good results, but the country needs to improve supervision.

The FATF assessed Finland’s anti-money laundering and counter terrorist financing (AML/CFT) system. The assessment is a comprehensive review of the effectiveness of Finland’s measures and their level of compliance with the FATF Recommendations. Finland has a sound framework to combat money laundering and terrorist financing which is delivering some good results, but there are some areas to improve the effectiveness of the country’s framework, especially with regard to the AML/CFT supervision of financial and non-financial institutions.