Finland's government proposes to grant Kela, the social security agency, the right to obtain data from bank and account records through the PMJ monitoring system for processing benefit applications, including social assistance and housing allowances.
The Finnish Banking Association (FA) criticizes the proposal as overly broad, raising concerns about bank secrecy and privacy. The plan would widen PMJ's use to cover routine benefit processing and extend access to information about dependents and other involved parties, potentially beyond PMJ's original purpose, risking legal challenges and privacy breaches. Critics warn it could overwhelm the PMJ system and undermine its anti-money-laundering function, as misuse among benefits remains very low. FA argues PMJ should remain targeted and domestic-account only; broader use requires risk assessments and regulatory work.
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