The Financial Supervisory Authority of Finland published the findings of a thematic review of 44 registered consumer lenders, including the results of an assessment of compliance with the Act on Preventing Money Laundering and Terrorist Financing.
The Financial Supervisory Authority of Finland revised Regulations and Guidelines 8/2016, which covers payment institutions and persons providing payment services without authorization.
French cement company paid Islamic State group, 6AMLD broadens access to ownership details, and more, in the weekly roundup.
STR Volumes Rise Again in Europe, Finland Notwithstanding
European FIUs recorded another numerical increase in STRs in 2022 despite the spectacular fall of reporting volumes in Finland.
The Finnish Financial Supervisory Authority decided to withdraw the registration of the Helsinki, Finland-based money remittance service provider for failing to rectify anti-money laundering and counterterrorist financing shortcomings.
The Finnish Financial Supervisory Authority imposed a €25,000 fine on the Helsinki, Finland-based money remittance service provider for failing to comply with various obligations under the regulations on preventing money laundering and terrorist financing.
Technical | Effectiveness |
---|---|
Compliant : 9 | High : 1 |
Largely Compliant : 28 | Substantial : 3 |
Partially Compliant : 3 | Moderate : 6 |
Non-Compliant : 0 | Low : 1 |
Finland's technical compliance was re-rated in a Oct. 23, 2023 follow-up report.
Rank : 2/110 |
Score : 3.06/10 |
Rank : 3/179 |
Score : 85/100 |
Rank : 87/133 |
Score : 52/100 |