A criminal trial has commenced in Helsinki regarding the alleged illegal export of 135 trucks and 29 trailers to Russia, with prosecutors seeking a four-year prison sentence for an individual and corporate fines.

Finnish Customs has uncovered a suspected sanctions evasion scheme involving nearly €6 million worth of hydraulic equipment allegedly exported to Russia through false declarations. Two individuals face aggravated charges for routing prohibited goods through Kazakhstan and Türkiye, with prosecutors expected to receive the case by year-end.

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.

Finnish Customs has concluded an investigation into alleged prohibited exports of trucks and trailers to Russia, forwarding the case for criminal prosecution.

The Ministry of Employment and Economy and the Finnish Competition and Consumer Authority organized a joint expert seminar on 27th May 2014.

The Court of Appeals in Vaasa, Finland dismissed bribery charges brought against a manager of Wärtsilä Group.

The number of suspected and investigated securities market offences has increased substantially in Finland. Furthermore, the cases have become more extensive and more complicated. The court proceedings of securities market offences tend to be very long as the cases involve an ever-increasing amount of written and oral evidence.

Reporting an offence was considered in one in three tax audits last year.

As a part of our 8-part series covering different crypto phenomena, we wanted to discuss one of the most brand new trends in cryptocurrencies – the metaverse.

Under Finnish law, the employer is liable to compensate any third party for the loss or damage caused by an employee's mistake or omission.

Työnantaja on velvollinen korvaamaan, jos työntekijän virhe tai laiminlyönti aiheuttaa vahinkoa kolmannelle osapuolelle.

The Criminal Code of Finland 39/1889, as amended, (the CCF) provides the legal framework governing bribery.

Amendments effective as of 1 July 2005 have been introduced in the Finnish Securities Markets Act, Act on Financial Supervision, and certain other acts (HE 137/2004).