ANTI MONEY LAUNDERING (AML)

Anti Money Laundering and Terrorist Financing (AML)

 

From August 1, 2017, new regulations will apply to prevent money laundering and financing of terrorism. In Sweden there are primarily two laws aimed at preventing money laundering:

 

The law on money laundering and financing of terrorism; which is the administrative framework applicable to companies in certain sectors. The regulatory framework aims at preventing companies from being used for money laundering and financing of terrorism. ​


The law on penalties for money laundering; is the Penal Code covering money laundering and financing of terrorism. Among other things, the act indicates that it is a crime to launder money. Anti Money Laundering (AML) are automated systems that will detect and prevent money laundering. The AML systems are installed in banks and financial organizations to map out the behaviour of customers and reveal behaviour patterns or contacts that indicate criminal money laundering.

 

 

Would you like to know more?

Caroline Pettersson

CEO

+46 76 197 50 00

caroline.pettersson@siconsulting.se

© 2020 by SI Consulting AB.

SI Consulting
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