International cooperation
The Financial Action Task Force (FATF), an intergovernmental working group operating under the Organisation for Economic Cooperation and Development (OECD), conducts international cooperation on combating money laundering and the financing of terrorism and proliferation of weapons of mass destruction. The FATF comprises 39 members: 37 jurisdictions and 2 regional organisations. Finland was accepted as a member in 1991.
You can learn more about the FATF's activities and history on the FATF website.
The FATF develops and makes recommendations and also monitors their implementation in member countries through annual surveys and periodic country assessments.
The FATF has published 40 Recommendations on combating money laundering and the financing of terrorism and proliferation of weapons of mass destruction. The FATF member states have politically committed to comply with these Recommendations.
The Recommendations are available on the FATF website
The FATF’s country assessments survey the current situation regarding the prevention and detection of money laundering and terrorist financing in the country under review.
Finland’s country assessment is available on the FATF website.
The FATF publishes a regular newsletter, the FATF Business Bulletin, which highlights the FATF’s most important decisions and measures. The FATF Business Bulletin provides essential information especially for the private sector.
FATF Guidance and Best Practices
FATF Plenary and Working Group Meetings
FATF Plenary and Working Group Meetings 2024
FATF Plenary and Working Group Meetings 2023
FATF Plenary and Working Group Meetings 2022
FATF Plenary and Working Group Meetings 2021
The guidelines of the European Supervisory Authorities are available on the FIN-FSA’s website (in Finnish). The website will be updated with any new guidelines issued by the European Supervisory Authorities. The FIN-FSA also issues a supervision release whenever a new guideline is published.
The website of the European Banking Authority (EBA) provides up-to-date and useful information on European projects aimed at preventing money laundering and terrorist financing.
In 2019, the financial supervisory authorities of the Nordic and Baltic countries agreed on measures to strengthen cooperation between the countries with the aim of fighting money laundering and terrorist financing.
The aim is to strengthen the current model for cross-border cooperation on anti-money laundering supervision between the countries.
The authorities of Finland, Sweden, Denmark, Norway, Iceland, Estonia, Latvia and Lithuania have established a permanent working group to maintain regular contact and exchange experiences and information with the goal of being more effective in the prevention of money laundering. Going forward, anti-money laundering supervision will be more coordinated in the Nordic-Baltic region.
A Memorandum of Understanding (MoU) is also being jointly drafted to formalise ongoing and long-term cooperation.