Finland has strict AML (Anti-Money Laundering) and CDD (Customer Due Diligence) regulations, requiring financial institutions to implement secure, compliant onboarding processes. The Finnish Trust Network (FTN)—which includes BankID and Mobile ID—plays a key role in digital identity verification and compliance with local and EU regulations like AMLD5 and eIDAS.

This guide provides clear, actionable steps for compliance teams to navigate Finland’s onboarding regulations while ensuring a smooth customer experience.

Inside this guide, you’ll find:

• Regulatory framework: Understanding Finland’s AML and CDD laws
• BankID and Mobile ID authentication: How to integrate FTN-compliant identity verification
• Risk-based onboarding: Identifying high-risk customers and applying Enhanced Due Diligence (EDD)
• Transaction monitoring and SAR mechanisms: Ensuring real-time fraud detection
• Best practices for financial institutions: Building an efficient, compliant onboarding process

The Finnish Act on Preventing Money Laundering and Terrorist Financing requires financial institutions to maintain secure, automated, and risk-based onboarding practices. Download the full guide to stay compliant and improve onboarding efficiency.

Want to discuss how spektr can support your onboarding compliance efforts? Book a call with one of our founders!