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Home NATIONALMoves to resolve banking problems of undocumented immigrants
Fri, 11 Sep, 2015 01:26:05 AM
FTimes- STT Report, Sep 11
Refugees arrived in Finland this week. Photo Lehtikuva.
The Federation of Finnish Financial Services (FFI) wants to find a solution in order to enable undocumented immigrants open bank accounts.
The current money laundering regulations prohibit the opening of bank accounts unless the identity of the person can be verified with certainty.
About 40 percent of the asylum seekers arriving in the county do not have any form of identification papers.
In a statement, Mika Linna, a senior expert at FFI said even though the problem is in itself old, the growing number of asylum seekers will raise the challenge to a new level.
According to Linna, FFI and its members want to find a solution in order to ease the daily transactions of persons without identification papers.
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