Sweden: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
February 9, 2007
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This report reviews the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Sweden. The findings suggest that overall, the Swedish legal requirements in place to combat money laundering and terrorist financing are generally comprehensive. Penalties for money laundering are low, generally charges for predicate offences are pursued, and there have been a limited number of convictions for the money laundering offence.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: AML Act, Anti-money laundering and combating the financing of terrorism (AML/CFT), CFT obligation, CR, credit card, customer, Global, government, ISCR, law enforcement authorities, Legal support in revenue administration, Money laundering, offence, predicate offence, rule, Terrorism financing, terrorist organisation
Pages:
27
Volume:
2007
DOI:
Issue:
057
Series:
Country Report No. 2007/057
Stock No:
1SWEEA2007002
ISBN:
9781451836011
ISSN:
1934-7685
