Legislation – preventing money laundering and terrorist financing

In the European Union, the prevention of the use of the financial system for the purposes of money laundering and terrorist financing is regulated under the Anti-Money Laundering Directives. The so-called fourth Anti-Money Laundering Directive is from 2015, and it was amended by the fifth Anti-Money Laundering Directive in 2018. In addition, the EU Funds Transfer Regulation contains provisions on the prevention of money laundering.

In Finland, the Act on Preventing Money Laundering and Terrorist Financing (444/2017, Anti-Money Laundering Act) lays down provisions on the prevention of money laundering and terrorist financing, promotes the detection and investigation of money laundering and terrorist financing, and reinforces the tracing and recovery of the proceeds of crime. The national legislation is based on the Anti-Money Laundering Directives and the most recent recommendations of the Financial Action Task Force FATF.

More information

Legislation - preventing money laundering and terrorist financing (moneylaundering.fi)

Contact information

Maarit Pihkala, Senior Ministerial Adviser

Jaana Vehmaskoski, Director, Head of Unit

[email protected]