Finland: Compliance

A Finnish CEO has been convicted and sentenced to nearly four years in prison for orchestrating the illegal export of 135 trucks to Russia by falsely declaring them as transit goods. The case resulted in significant financial penalties against his company, including confiscation of profits and property obtained from the sanctioned exports.

The European Union’s 20th Russia sanctions package entered into force on 24 April 2026. For businesses, its significance extends well beyond the new listings and export codes.

Castrén & Snellman's 2025 sustainability report reveals how the firm is helping clients navigate evolving ESG regulations while strengthening its own sustainability practices through carbon partnerships and strategic...

The Finnish Ministry of Finance has started preparations for a reform of the Finnish Securities Market Act (the "SMA").

The provisions of the Finnish Securities Markets Act (495/1989) (the "SMA") concerning public tender offers are currently under revision. The proposed amendments to the SMA implement Directive 2004/25/EC of the European Parliament and of the Council on Takeover Bids (the "Directive").

Some time ago the only real closed-end funds managed by Finnish players were private equity and venture capital funds. Even on that front the past few years were really not labelled by active fund-raising.