A stable, well-functioning financial market for allA stable, well-functioning financial market for allFI prioritizes particularly vulnerable sectors to combat money laundering
Money laundering is a global problem that allows criminals to transact large sums of money without revealing their illegal activities. In order to counteract the risk of money laundering, FI has identified a number of areas where the risks are assessed to be particularly large and that we will have an extra focus on during the year.
In order for FI's supervision to be as effective as possible, we direct our resources to areas where the risks are the greatest and where we can achieve the most. Supervision in money laundering is a high priority area for us in 2024, and this report outlines which risks will be prioritized in this area.
"We place high demands on the financial sector and work to ensure that companies do what they must to protect themselves from being exploited by criminals. It is a prerequisite for a sustainable social economy," says Erik Blommé, head of the Money Laundering Supervision department at FI.
We assess that certain sectors are particularly vulnerable. For example, parts of the FinTech industry, companies that trade in cryptoassets, small and medium-sized banks, and cash-intensive businesses. We have also identified some larger risks that exist in several sectors, such as the use of companies as instruments of crime, the increasing risk of terrorist financing, and shortcomings in compliance with international sanctions.
