Finland: Report on the Observance of Standards and Codes- FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2008/252, IMF Staff Country Reports from International Monetary Fund

Abstract: This report reviews observance of Standards and Codes for the Financial Action Task Force (FATF) 40+9 Recommendations and the Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in Finland. The report describes the level of compliance with the FATF 40+9 Recommendations, and contains recommendations on how the AML/CFT system could be strengthened. The report reveals that Finland has a good legal structure to combat money laundering and terrorist financing.

Keywords: ISCR; CR; CFT obligation; CFT system; CFT legislation Finland; CFT measure; CFT supervision; foreign exchange; list of indicator; penal code; pre-trial investigation; terrorist organisation; Finnish AML; TF offence; internal control information; Financial intelligence unit; ISA authority; ML offence; CFT-focussed inspection; supervisory authority; trade registry system; Anti-money laundering and combating the financing of terrorism (AML/CFT); Terrorism financing; Money laundering; Legal support in revenue administration (search for similar items in EconPapers)
Pages: 28
Date: 2008-07-28
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