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.
California man admits laundering cryptocurrency, UAE hits 11 banks with AML fines, and more, in the midweek roundup.
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.
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.
|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|