Current provisions, regulations and guidelines

This page provides a list of regulation on the prevention of money laundering and terrorist financing.  In Finland, responsibility for the development of AML/CFT legislation lies with the Ministry of Finance.

Directives and EU-level regulations

The Funds Transfer Regulation obliges providers to notify the FIN-FSA of shortcomings identified by them in information accompanying funds transfers. The notifications are to be sent to the FIN-FSA by email at maksuntiedot(at)fiva.fi. Use this form in the notification (in Finnish).

The ESA guidelines contain more detailed instructions on how payment service providers should act in order to fulfil the requirements of Regulation 2015/847. The ESA guidelines are available on the ESA website.

The ESA guideline was implemented nationally by FIN-FSA regulations and guidelines 5/2018.

Finland has used the possibility provided by the fourth Anti-Money Laundering Directive to require foreign payment service providers and issuers of electronic money providing services to Finland, to appoint a central contact point (Chapter 3, section 14 of the AML Act).

Laws and regulation

Regulations and guidelines

The regulations and guidelines were prepared in accordance with the Anti-Money Laundering Act that entered into force on 1 August 2008 and provisions issued under the Act. Please note that the regulations and guidelines have not been completely updated, as they do not take account of the amendments to the Anti-Money Laundering Act that entered into force on 3 July 2017 (444/2017), or other provisions that were repealed or issued in connection with the overall reform of the Act, or the Act on amending the AML Act (406/2018) and other related acts that entered into force on 5 June 2018 and 1 May 2019. We are in the process of updating the regulations and guidelines.

Standard 2.4

Customer due diligence – prevention of money laundering and financing of terrorism