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Fundraising campaigns and combating money laundering and terrorist financing


Fundraising campaigns are an important means for non-governmental organisations, other associations and foundations to raise funds for their activities. Funds raised by fundraising campaigns must be used to promote a non-profit cause. Despite this principle, fundraising campaigns can also promote negative phenomena such as money laundering and terrorist financing. This is because fundraising activities and the work of associations in general can be used to launder money or to finance terrorists. It is important to note that in terms of terrorist financing, even small sums of money from different sources can make a big difference. 

The authorities have various supervisory means available to them for combating money laundering and terrorist financing. With regard to fundraising campaigns, the goal is to ensure that legitimate fundraisers are able to pursue their goals and raise funds for their chosen cause while preventing criminals from taking advantage of these associations and foundations. The Gambling Administration department of the National Police Board also supervises fundraising campaigns with this goal in mind, and means used to supervise fundraising campaigns are designed to allow the authorities to intervene in any illegal activities.

The increasing threat of terrorism has also made it necessary to monitor different kinds of transactions more diligently. The Financial Action Task Force (FATF), which is an inter-governmental body operating in connection with the OECD with the aim of combating money laundering, carried out an assessment in Finland in 2007. This resulted in a mutual evaluation report. Among the FATF’s findings was the observation that non-profit organisations had not been given sufficient information on combating terrorist financing. The enclosed document is designed as a guide for non-profit organisations and associations, enabling them to take this phenomenon into consideration in their activities. The guide includes both recommendations and instructions. The guide also includes contact details for various authorities that can be contacted with regard to questions of all kinds relating to the issue. 

Source: https://www.poliisi.fi/

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