National Risk Assessment of Money Laundering and Terrorist Financing

The project involves conducting a study in support of Finland’s national risk assessment of money laundering and terrorist financing. The risk assessment describes the typical forms and methods of money laundering and terrorist financing, and the vulnerabilities of different sectors of society and the financial system. It covers all sectors of society (private sector, public sector, third sector). The obligation to carry out regular risk assessments stems from international conventions. The national risk assessment is updated every few years.

Timescale: May 2014 – May 2015

Partners: approximately 20 competent authorities and supervisors under the Act on Detecting and Preventing Money Laundering and Terrorist Financing (extended composition of the FATF team), as well as business and finance organizations

Funding: Ministry of the Interior

Contact persons at the Police University College: Project Manager Vesa Muttilainen and Researcher Pirjo Jukarainen. Email addresses: [email protected].