In the impact assessment, project managers assessed the results and impact of their projects and discussed how their projects contributed to implementing the strategy for the prevention of the shadow economy and economic crime. In addition, actions recommended during the projects and any new proposed actions were reported. These were reported by 33 projects.
The programme included five projects aimed at preventing money laundering and terrorist financing. These projects:
- mapped obstacles and needs relating to the exchange of information in national efforts to prevent money laundering and terrorist financing;
- enhanced the exchange of information on money laundering and terrorist financing and implemented a risk assessment;
- developed the procedures of the cooperation group for anti-money laundering authorities and the private sector;
- drafted an assessment report on establishing a register of politically exposed persons;
- improved the prevention of money laundering and terrorist financing in the NPO sector.
The projects were mostly deemed successful and considered to have implemented the strategy for the prevention of the shadow economy and economic crime well. The projects were also considered to have been very effective. Funding was considered highly significant in projects not carried out as part of official duties. Some respondents also assessed the flexibility of the action programme. This made it possible to add follow-up projects to the action programme and to react rapidly to various phenomena.
The steering group for the prevention of economic crime implemented the impact assessment as an online survey sent to the project managers. The impact assessment was carried out in two parts and covered 51 projects or subprojects. The Finnish Tax Administration’s Grey Economy Information Unit drafted a summary report on the replies submitted.
Inquiries:
Jaana Vehmaskoski, Director, Head of Unit, tel. +358 2955 30267, jaana.vehmaskoski(at)gov.fi
Impact assessment (in Finnish, Grey economy & economic crime website)