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On 22 March this year, Finansinspektionen
(“FI“) [the Swedish Financial
Supervisory Authority] presented a report containing prioritised risks in money
laundering and terrorist financing that will be the focus of
FI’s supervision during the year. In the report, FI highlights
both the risk of a higher threat level for terrorism in Sweden and
certain sectors that are particularly vulnerable to money
laundering. FI is thus particularly highlighting smaller or
newly-established payment services and currency exchange companies
where the procedures and processes for countering the risk of money
laundering and terrorist financing are undeveloped or inadequate.
Other sectors highlighted by FI include trading in crypto-assets,
where the risk of money laundering is particularly high, and
smaller and medium-sized banks, which become more vulnerable when
criminal operators move away from the larger banks as those
banks’ preventive work improves. Finally, FI also emphasises
the importance of operators following the rapid developments
regarding sanctions as a result of Russia’s invasion of
Ukraine.
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