Regional Guide

Guide Sanction Scanner


Global AML Guide

1. Are there any sanctions imposed against Sweden?
    There are no sanctions imposed on Sweden.
2. What are the regulated institutions in Sweden?
    All organizations providing financial services, securities, insurance, etc.
3. Who are the local regulatory authorities in Sweden, and which government authorities are responsible for the investigation and prosecuting money laundering criminal offenses?
    The Swedish Financial Supervisory Authority (SFSA)
4. What is the status of Sweden's FATF?
    Sweden is obliged to comply with AML recommendations. Sweden is not among the countries with AML deficiencies identified by FATF. The last Mutual Assessment Report 2020 on the implementation of anti-money laundering standards in Sweden took place. According to this assessment, it is Compliant for 14 of the Swedish FATF recommendations and for 23 it is Largely Compliant.
5. Which global regulations Sweden have to comply with?
    Since Sweden is a member of FATF, it is obliged to comply with the FATF regulations, and since it is a member of the European Union, it must comply with the European Union Anti-Money Laundering directives.
6. What are the AML obligations of the businesses in Sweden?
    The obliged institutions in Switzerland should identify and evaluate the risks of money laundering in the fight against money laundering and terrorist financing. In addition to risk assessment, it should take Customer Due Diligence and Know Your Customer measures so that it knows its customers and risks.
7. What are the local AML laws and regulations in Sweden?
    Act 2017:630 on Measures to Prevent Money Laundering and Terrorism financing, Act 2014:307 on Penalties for Money Laundering Offences, Code of Professional Conduct for Members of the Swedish Bar Association
8. What are the penalties for failure to comply with Anti-Money Laundering law in Sweden?
    In Sweden, those who commit money laundering are punished according to their penalties, for example, a serious money laundering offense is sentenced to a minimum of six months and a maximum of six years. If the stated offense is minor, a maximum of six months' fine or imprisonment is imposed for money laundering
9. What are the contact details of the relevant regulators in Sweden?
    The Swedish Financial Supervisory Authority (SFSA)
    Finansinspektionen, Box 7821, 103 97 Stockholm
    T: +46 8 408 980 00
10. Are violations of anti-money laundering obligations also subject to criminal sanctions?
    Yes, organizations obliged to comply with AML regulations are penalized if they do not comply with these regulations.
11. What can oblige institutions do to prevent money laundering and to comply with AML regulations?
    In Sweden, incumbents must follow AML regulations frequently because these regulations change. Measures such as Customer Due Diligence, Know Your Customer, Transaction Monitoring can be taken to easily comply with these regulations and reduce the risks of money laundering. With Sanction Scanner, let's easily take these measures in accordance with all regulations. Contact Us or Request Demo. and let's fight financial crime together.