Financial Crime on the Rise in Finland: What You Need to Know
The Growing Problem of Financial Crime
Financial criminals are exploiting business activities for their own gain, stealing from our shared wealth and taking a toll on society’s collective resources. By neglecting statutory responsibilities or using business activities for criminal purposes, they are causing harm to individuals and communities.
Common Forms of Financial Crime
According to Finnish authorities, the most common forms of financial crime include:
- Tax Fraud: Illicitly avoiding taxes or filing false tax returns.
- Accounting Offenses: Misrepresenting financial information for personal gain.
- Dishonesty by Debtors: Failing to pay debts or manipulating financial statements.
- Other Types of Fraud: Including subsidy violations, money laundering, and more.
Financial Offences on the Rise
Financial offenses are committed for financial gain in connection with business activities or other offenses that have a link to commerce. The majority of cases investigated by Finnish police involve:
- Tax Violations
- Accounting Offenses
- Debtor Offenses
- Subsidy Violations
- Fraud
Fighting Financial Crime Together
The Finnish police work closely with other authorities to prevent and investigate financial crimes. Their efforts include:
- Tracing and Confiscating Gains: Ensuring that perpetrators do not benefit from their crimes.
- Ensuring Damages are Paid: Holding individuals accountable for their actions.
- Providing Information and Advice: Through the Grey economy & economic crime website, which offers up-to-date information on financial crime and tips on how to protect yourself.
By working together to combat financial crime, authorities aim to prevent its negative effects on society and ensure a safer, more equitable community for all.