Finansinspektionen (FI) is issuing Nasdaq Clearing AB a warning for serious deficiencies in its operations, in part in conjunction with a member of the firm’s commodities market being declared in default in 2018. Nasdaq Clearing must also pay an administrative fine of SEK 300 million.
Nasdaq Clearing Aktiebolag is receiving a warning and must pay an administrative fine of SEK 300 million.
In Sweden and abroad, there are many more entities which are, in some way, concerned with or work with combating money laundering and terrorist financing. Some of them are presented here. More information can be found on the relevant websites.
Both financial firms and a considerable number of non-financial firms and professionals are obliged to follow the sanctions issued by the European Council, aimed at persons and entities suspected of involvement in acts of terrorism or collaborating with terrorists and persons linked to certain non-EU regimes.
A firm shall review transactions in order to detect transactions and other activities that could be suspected to form an element of money laundering or terrorist financing.
Customer due diligence measures shall be adapted based on an assessment of the extent of the risk of being used for money laundering and terrorist financing.
The firm must possess solid knowledge about its customers and their affairs so as to make it more difficult for the business to be used for, and to prevent, money laundering or terrorist financing.