Regulatory Alerts2023-01-01 | FIN-FSA Regulations and guidelines 4/2023Customer due diligence related to compliance with sanctions regulation and national freezing orders
The Finnish Financial Supervisory Authority (FIN-FSA) issued Regulations and guidelines 4/2023 to establish requirements for customer due diligence in the context of sanctions regulation and national freezing orders. These guidelines, which became valid on 1 March 2024 and were updated on 8 January 2025, apply to supervised entities within the financial sector to ensure compliance with legal obligations. The document serves as a comprehensive guide for implementing risk management and due diligence procedures aligned with current regulatory frameworks.
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