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

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.

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Year of publication:	2008-07-28
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Reports on the Observance of Standards and Codes \| Combating the financing of terrorism \| Financial sector \| terrorist \| money laundering \| terrorist financing \| due diligence \| terrorism \| money remittance \| terrorist acts \| terrorist act \| suspicious transaction \| transaction reporting \| legal assistance \| terrorist assets \| suspicious transaction reporting \| beneficial ownership \| shell banks \| supervisory authorities \| terrorist organisations \| law enforcement \| internal controls \| penal code \| dual criminality \| competent authorities \| financing of terrorism \| legal arrangements \| money remitters \| supervisory authority \| foreign branches \| unusual transactions \| banking relationships \| beneficial owners \| customer identification \| wire transfer \| control information \| criminal sanctions \| regulatory authorities \| enforcement authorities \| transaction reports \| good faith \| money laundering offence \| criminal activity \| supervisory regime \| suspicious transaction reports \| tax matters \| risk management \| enforcement powers \| wire transfer requirements \| business relationships \| predicate offences \| predicate offence \| control structure \| terrorism financing \| face to face business \| precious stones \| foreign authorities \| assessment methodology \| terrorist financing investigations \| regulatory requirements \| law enforcement authorities \| terrorist asset \| precious metals \| negotiable instruments \| risk categories \| shell bank \| record keeping requirements \| financial intelligence unit \| asset forfeiture fund \| technical resources \| suspicious transactions \| foreign exchange offices \| combat money laundering \| criminal matters \| criminal offence \| licensing requirements \| illegal origin \| confiscated assets \| lawful purpose \| suspicious activity \| monetary instruments \| legal obligations \| due diligence requirements \| exchange information \| financing abuse \| confiscation of property \| confiscated property \| secrecy laws \| illegal proceeds \| ensuring compliance \| international standards \| criminal acts \| false documents \| share capital \| asset freezing \| act of terrorism \| audit function \| value transfer \| assessing compliance \| internal procedures \| civil liability \| information collection \| identification procedures \| predicate crimes

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/252 2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011245118