FINLAND: “WALL OF SHAME” TO PREVENT MONEY LAUNDERING

On 18th October, yle reported that a public list of non-compliant firms is meant to spur them to meet the requirements of a new AML law.  It is planning to establish its first “wall of shame” for companies and other so-called “reporting entities” that have not taken the necessary steps to prevent money laundering in line with the 2017 Anti-Money Laundering Act.

https://yle.fi/uutiset/osasto/news/finland_founds_wall_of_shame_to_prevent_money_laundering/11027324

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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