January 28 2019
Some 9,000 cases of suspected money laundering were referred to police investigators last year – nearly double the 5,000 reports filed in 2017, according to Finance Finland, FFI, the lobby group representing the banking and insurance sector.
The organisation said that the number of cases referred for investigation rises to nearly 40,000 if reports made by other non-banking institutions are factored in. However the total number of reports filed overall declined from 2017, FFI noted. According to the organisation’s calculations, the total amount of funds that authorities seized in Finland in attempted money laundering cases amounted to 2.3 billion euros, while funds confiscated abroad totalled one billion.