FIN-FSA statement – definition of customer under AML Act
The FIN-FSA has issued a statement concerning the definition of a management company’s customer within the meaning of the AML Act.
According to the statement, management companies’ Finnish unitholders are customers falling within the scope of the customer due diligence obligation under chapter 3 of the Act on the prevention of money laundering and terrorist financing (444/2017, the AML Act).
Where necessary, management companies must align their procedures with the statement by 1 January 2025.
For further information, please contact
- Ulla-Maija Kaivola, Senior Specialist, ulla-maija.kaivola(at)fiva.fi
- Pekka Vasara, Head of Division, pekka.vasara(at)fiva.fi