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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, which is leading the consultation alongside Sweden, consistently passes global evaluations, such as Transparency International's anti-corruption index and the Basel Institute's AML index, with flying colors, and even managed to avoid deep involvement with the Russian Laundromat and Troika Laundromat scandals despite its proximity to Russia and the Baltics. Nevertheless, Finland like most countries is not entirely immune to illicit finance and related...