On 4 October, FATF published this report, saying that since the 2019 assessment of Finland’s measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework. Consequently, to reflect Finland’s progress, the FATF has re-rated the country on Recommendation 24 – Transparency and beneficial ownership of legal persons – originally rated Partially Compliant, to Largely Compliant. Finland has 9 Recommendations rated Compliant, 24 rated Largely Compliant and 7 Recommendations rated Partly Compliant. Finland remains on enhanced follow-up and will report back to the Plenary on the remaining deficiencies in October 2023.
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