Prevention is up to all of us the authorities, companies and citizens

Underpayment has received little attention in Finland ›

19.10.2020 Tax Administration

The number of court cases involving underpayment is very low in Finland, punishments are mild and the compensation practice shows great variation. The authorities have insufficient means to combat cases of underpayment. An increase in cooperation between different authorities could be one potential way to detect cases of underpayment more effectively.

New ways of coercing and harassing officials ›

19.10.2020 

Some of the authorities involved in combatting the grey economy have experienced an increase in targeting related to their operating area in the past few years. Authorities widely support making targeting a punishable offence subject to public prosecution.  

Working together to combat money laundering and terrorist financing ›

18.1.2021  Tax Administration 

Read more about combatting money laundering and terrorist financing and about indicators that help to identify criminal activity. The fight against money laundering and terrorist financing involves various authorities. Moneylaundering.fi is a new website for increasing awareness about money laundering. 

The big picture of the grey economy and economic crime

The website on the grey economy and economic crime www.grey-economy-crime.fi provides summarised information on the grey economy and economic crime in Finland. The website is maintained through the cooperation of the authorities engaged in combating the grey economy. Further information on the authorities is available under the section About this website.

The website will support the decision-making of authorities and political decision-makers. The information it provides will enhance society’s capabilities to react rapidly to the phenomena and harm associated with the grey economy and economic crime. In addition, the website will provide companies and citizens with information on how to act or protect themselves against such harm.

The big picture is a combination of various aspects

The website provides an overview of the topical phenomena of the grey economy and economic crime comprising the observations of a number of different authorities. In addition, the website offers both domestic and international estimates on the scope and amount of the grey economy and economic crime. The website also provides information on the impact of action taken to prevent the grey economy and economic crime based on the statistics of authorities, including company audits and their results. The website also follows the progress of various projects included in the operational programme concerning the grey economy and economic crime.

In addition, the website contains a selection of recent domestic and international news flows on the grey economy and economic crime.

News about the shadow economy and economic crimes

UK: SFO ends investigation into bribery by British American Tobacco

1/15/2021
The UK's Serious Fraud Office (SFO) has terminated its investigation into British American Tobacco (BAT), as well as its subsidiaries and associated persons. It was investigating the company over...

Estonia: Suspects in Porto Franco corruption case under arrest

1/14/2021
The Estonian businessman, Hillar Teder, and Kersti Kracht, former adviser to the Estonian Finance Ministry, have been placed under arrest due to their alleged involvement in corruption activities...

Germany: Pauls temporarily removed from duty at Commerzbank

1/14/2021
Heike Pauls, an analyst at Commerzbank, has been temporarily relieved of her duties. She recommended Wirecard shares up until shortly before its insolvency and dismissed the Financial Times reports...