FATF Status

Finland is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Finland was undertaken in 2023. According to that Evaluation, Finland was deemed Compliant for 9 and Largely Compliant for 28 of the FATF 40 Recommendations. It remains Highly Effective for 1 and Substantially Effective for 3 of the Effectiveness & Technical Compliance ratings.

Corruption in Finland is addressed through a comprehensive criminal code that includes various bribery offenses, with penalties ranging from fines to imprisonment. While there is no single authority dedicated to preventing corruption, multiple agencies, including the Ministry of Justice and the National Bureau of Investigation, collaborate on anti-corruption efforts. Finland's regulatory environment is largely transparent, and although isolated incidents of corruption may occur, particularly at the local level, the overall administrative culture promotes openness and accountability.

Finland has a modern and stable economy characterized by a high standard of living and a well-developed digital infrastructure. The country has a highly skilled labor force and is focusing on enhancing economic growth through structural policy changes, including investment in education and the green transition. However, challenges such as an aging population and a talent shortage are pressing concerns for future economic growth.

Finland maintains an open investment climate, welcoming foreign direct investment and offering various incentives for both domestic and foreign companies. The government actively promotes trade and investment through Business Finland, which assists foreign investors in establishing businesses and accessing funding for research and development. Additionally, while private ownership is unrestricted, foreign investments in critical sectors are subject to monitoring to safeguard national interests.