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Distribution channels biggest AML/TF risk in Finnish life insurance sector

Two statues of stone giants holding round glass lanterns at the train station in the Finnish capital Helsinki.
Photo: Getty Images

General risk level remains at level two of a four-stage scale.

The risk of money laundering and terrorist financing in the Finnish life insurance sector remains “moderately significant”, the Finnish Financial Supervisory Authority FIN-FSA has concluded in its new review of the sector.

Distribution channels are identified as a “significant risk” and singled out as the biggest in the industry. The