FATF: Sweden’s measures to combat money laundering and terrorist financing

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April 25 2017

Sweden has a strong regime to tackle the money laundering and terrorist financing risks it faces, but needs to improve its national policy coordination.  The FATF conducted an assessment of Sweden’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on the 2012 FATF Recommendations. This assessment reviews the level of effectiveness of Sweden’s AML/CFT regime as well as its level of technical compliance with the FATF Recommendations.

Sweden is generally perceived as a low crime country. It nevertheless faces money laundering risks, because of its role as a regional financial centre and resulting from domestic crimes – particularly tax crimes. Swedish authorities have a reasonable understanding of these risks, although the lack of a national AML/CFT coordination mechanism means that different authorities do not share the same understanding of the risks, or respond to them in a coordinated way.