Money laundering and procurement
Customer due diligence, risk assessment and the duty to report, together with the procedures for public procurement.
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Acts
Finnish Act on Preventing Money Laundering and Terrorist Financing444/2017 · The Act requires obliged entities to prepare a risk assessment, know their customers, monitor the relationship on an ongoing basis, retain the information and report suspicious transactions to the Financial Intelligence Unit.Finnish Act on Public Procurement and Concession Contracts1397/2016 · The Act sets the thresholds for public procurement, the procurement procedures, the suitability and exclusion of tenderers, the award decision and standstill period, and the remedies available before the Market Court..
Next step
Three ways to put the register to work in your own practice.
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Litigation
Find support in a judgment
Search guiding decisions, see what became final and follow changes in the law.
In-house, deals
Map the rules in a transaction
Move from theme to act and on to the article that carries the duty.
Compliance
Assess the risk in a process
Risk scoring per legal area, with the sources behind every score.