Finland's Financial Supervisory Authority (FIN-FSA) has updated its Regulations and Guidelines 2/2023 on preventing money laundering and terrorist financing through technical amendments that align the document with changes in Finnish AML legislation and the EU Markets in Crypto-Assets Regulation. The scope of application is extended to crypto-asset service providers as defined in Article 3(1)(15) of the EU Markets in Crypto-Assets Regulation, while virtual currency providers under Finland’s Act on Virtual Currency Providers (572/2019) are removed. Chapter 1.1 also removes certain entities from scope, including entities authorised under Article 28 of the EU securitisation regulation, holding companies, and approved publication arrangements and reporting mechanisms. References to the Act on Virtual Currency Providers and related regulatory powers are replaced with references to supervisory powers over crypto-asset service providers under chapter 9, section 6(3) of the AML Act, alongside updates to lists of relevant national provisions, EU regulations and international recommendations. The amended regulations and guidelines enter into force on 1 July 2025.

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