Many of the firms that are subject to Finansinspektionen's supervision must comply with the regulations intended to prevent the firms being misused for money laundering and terrorist financing. Information is presented here about what the firms in the financial industry need to do to comply with the regulations.
The Swedish Police Authority leads a national coordinating function for measures to combat money laundering and terrorist financing, and FI participates in this function.
The function compiles a national risk assessment for anti-money laundering and terrorist financing every year. The 2019 risk assessment focused on authorities, while the 2020 report will focus on industries and sectors.
The function also produced a brochure for currency exchangers about the rules for money laundering and terrorist financing. The brochure is available in Swedish and English.
The function also produced a brochure for providers of money transfer services about the rules for money laundering and terrorist financing. The brochure is available in Swedish and English.
In Sweden, there are two main laws that regulate combating money laundering.
The Money Laundering and Terrorist Financing (Prevention) Act (the Anti-Money Laundering Act) is the administrative framework applying to firms in certain sectors. The purpose of the regulations is to prevent firms from being used for money laundering and terrorist financing.
Firms that are subject to the Anti-Money Laundering Act are responsible for reporting, without delay, suspected money laundering or terrorist financing in their operations to the Financial Intelligence Unit within the Swedish Police. Reporting shall be done as instructed by the Financial Intelligence Unit. Firms can contact the Financial Intelligence Unit by e-mailing email@example.com or calling 010-56 368 00.
The Act on Penalties for Money Laundering Offences is the criminal law framework covering money laundering and terrorist financing. Under the Act, laundering money is a criminal offence.
Finansinspektionen's task is to supervise the financial firms that are subject to the Anti-Money Laundering Act to ensure their compliance with the rules set out therein to prevent them from being used for money laundering.