Banks and other obliged entities are required by law to ascertain and retain information on the name, date of birth and Finnish identity number of beneficial owners and, in the absence thereof, citizenship.
The beneficial owners of a non-profit association are considered to be the members of the board entered in the Register of Associations, for which reason the bank or other obliged entity must request and retain the information of each member of the board of an association.
Customer due diligence information and its retention in the Money Laundering Act (in Finnish)