AMLKYKsäädökset

AMLKYKsäädökset refers to the Finnish legislation and regulations concerning the prevention of money laundering and terrorist financing. The acronym AMLKY stands for Rahanpesun ja terrorismin rahoittamisen estäminen, which translates to "Prevention of Money Laundering and Terrorist Financing."

These regulations are primarily based on European Union directives and are implemented in Finland through various national laws. The key legislation governing these matters is the Act on the Prevention of Money Laundering and Terrorist Financing (Laki rahanpesun ja terrorismin rahoittamisen estämisestä). This act sets out obligations for a wide range of entities, including financial institutions, certain professionals like lawyers and accountants, and real estate agents.

The core principles of AMLKY säädökset involve customer due diligence, which requires covered entities to identify and verify the identity of their customers, understand the nature of their business relationship, and assess the risk of money laundering or terrorist financing. They are also mandated to report suspicious transactions to the Financial Intelligence Unit (FIU) in Finland.

Furthermore, the regulations emphasize record-keeping requirements, internal controls, and training for employees. The aim of these measures is to disrupt illicit financial flows, protect the integrity of the financial system, and contribute to national and international security. Compliance with these regulations is overseen by various supervisory authorities in Finland, depending on the sector.