The Finnish Ministry of Finance and the Ministry of the Interior have made a partial update to the Finnish National Risk Assessment for Money Laundering and Terrorist Financing. The partial update supplements the 2021 risk assessment and includes an updated action plan for mitigating the risks of money laundering and terrorist financing (ML/TF) in 2024–2025. The action plan sets out the measures to mitigate the risks identified in the risk assessment.
The partial update of the risk assessment describes the threats, vulnerabilities and risks related to money laundering and terrorist financing in obliged entities within sectors that have the highest risk for ML/TF. The partial update particularly examines the risks of ML/TF in relation to selected phenomena, including challenges in the exchange of information between the public and private sector. An exceptionally high risk of ML/TF is associated with hawala money transfers while high risk of ML/TF is associated with providers of virtual currency related services. There is a continued need to develop the detection and risk mitigation techniques relating to terrorist financing. The ongoing war in Ukraine has resulted in increased methods of circumventing international sanctions. Remote identification measures have resulted in an increased risk of cybercrimes.