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.

Any modest contributions for my time and ongoing expenses are welcomed! 

At Buy me a Coffee single contributions start as low as $3, at

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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