Since July, 3 of this year the banks of Finland will have more questions for Russian depositors
Publishedо 11 July, 2017
On July, 3 of 2017 in Finnish legislation the fourth EU Directive on the prevention of money laundering and the financing of terrorism begins to operate.
Russian citizens have the right to open an account in a Finnish Bank for business. It is possible, but difficult to make it without Finnish residence permit. Here is a list of questions that Finnish bank may ask you:
1. name, address, ID and nationality;
2. information about whether the client or his/her relative is a politically exposed person abroad;
3. information about life situation and financial position of the client;
4. information about whether the client has other Bank accounts;
5. the origin or source of funds and regular payment transfers;
6. information about the amount of payments;
7. information about the transfer of funds abroad, the amount and reasons of such transactions.
According the second point, the category of politically exposed person includes all people who held high positions in government agencies or state-owned companies over the past 12 months. The Finnish bankers ask to take seriously while considering these issues, as the Bank has right to refuse to open accounts or to close existing ones, if the information cannot be obtained.
Source: http://fontanka.fi
Russian citizens have the right to open an account in a Finnish Bank for business. It is possible, but difficult to make it without Finnish residence permit. Here is a list of questions that Finnish bank may ask you:
1. name, address, ID and nationality;
2. information about whether the client or his/her relative is a politically exposed person abroad;
3. information about life situation and financial position of the client;
4. information about whether the client has other Bank accounts;
5. the origin or source of funds and regular payment transfers;
6. information about the amount of payments;
7. information about the transfer of funds abroad, the amount and reasons of such transactions.
According the second point, the category of politically exposed person includes all people who held high positions in government agencies or state-owned companies over the past 12 months. The Finnish bankers ask to take seriously while considering these issues, as the Bank has right to refuse to open accounts or to close existing ones, if the information cannot be obtained.
Source: http://fontanka.fi
