The Council of Europe Group of States Against Corruption published a compliance report on the Fifth Round Evaluation of Finland’s anti-corruption regime with respect to law enforcement agencies and top executive functions within the government.
The Organisation for Economic Co-operation and Development Working Group on Bribery noted its ongoing concern with Finland’s enforcement against foreign bribery since its 2017 Phase 4 report.
Fintechs May Have Missed a Chance in the EU, Finland’s FIU Chief Says
Financial technology-based firms in Europe have largely failed to participate in the Black Wallet Project, a government-led consultation that may influence how anti-money laundering rules apply to them going forward, a senior official told ACAMS moneylaundering.com.
Midweek Roundup: ‘FinCEN Files’ Fallout Begins, Belarus Escapes EU Sanctions, and More
Former high-ranking Maltese official arrested, OFAC targets Cuba and Iran, and more, in the midweek roundup.
Finland’s Financial Supervisory Authority fined S-Bank Ltd €980,000 for lacking a comprehensive risk-based approach as required by the Act on Detecting and Preventing Money Laundering and Terrorist Financing.
Technical | Effectiveness |
---|---|
Compliant : 8 | High : 1 |
Largely Compliant : 23 | Substantial : 3 |
Partially Compliant : 9 | Moderate : 6 |
Non-Compliant : 0 | Low : 1 |
Rank : 139/141 |
Score : 2.97/10 |
Rank : 3/180 |
Score : 86/100 |
Rank : 87/133 |
Score : 52/100 |