Digital banks are attracting grey economy actors, report finds
Finland’s Tax Administration has warned that digital-only banks are becoming a preferred tool for some participants in the grey economy and organised financial crime, as the number of Finnish customers using foreign-based providers continues to rise.
A new report from the agency says most customers use neopanks for legitimate purposes, but weaknesses in customer verification and the international nature of the sector have created opportunities for abuse.
6/9/2026 7:34:50 AM