Financial Action Task Force (FATF), which is an international body active in the fight against money laundering and terrorist financing, has published its Mutual Evaluation Report of Finland. The FATF states that the fight against money laundering and terrorist financing is overall at a relatively good level in Finland, but there are also shortcomings.
“Finland is increasing the public resources used to combat money laundering and terrorist financing. Emphasis will be placed on the supervision of the financial sector. Also, the activities of the Financial Intelligence Unit will be made more effective. Because of the new civilian intelligence legislation and the additional human resources required by the legislation, the Finnish Security Intelligence Service is able to take a significant step forward in combating terrorism and terrorist financing, says the Ministry of the Interior’s Permanent Secretary Ilkka Salmi, who led the Finnish delegation at the FATF Plenary in February 2019.