Sweden’s financial supervisory authority, Finansinspektionen, highlighted the fintech industry, small and medium-sized banks, and cash-intensive businesses as priority areas of risk for money laundering and terrorist financing.
Sweden’s financial supervisory authority, Finansinspektionen, announced new sanctions against Russian actors involved in the invasion of Ukraine.
German prosecutors move to seize €720 million, Binance offered French regulator a senior position, and more, in the weekly roundup.
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FinCEN flags ERC fraud, France fines insurance firm, and more, in the weekly roundup.
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European AML Enforcement Plateaued Last Year
Finansinspektionen, Sweden’s financial supervisory authority, issued a warning and an administrative fine of SEK 45 million against the Gothenburg, Sweden-based financial institution for anti-money laundering deficiencies and weaknesses in the company’s general risk assessment.
Finansinspektionen, Sweden’s financial supervisory authority, issued a cessation order to the Uppsala-based currency exchange service for failure to adhere to its anti-money laundering and counterterrorist financing obligations.
Technical | Effectiveness |
---|---|
Compliant : 14 | High : 1 |
Largely Compliant : 23 | Substantial : 4 |
Partially Compliant : 3 | Moderate : 6 |
Non-Compliant : 0 | Low : 0 |
Sweden's technical compliance was re-rated in a Oct. 2, 2020 follow-up report
Rank : 134/141 |
Score : 3.32/10 |
Rank : 4/180 |
Score : 85/100 |
Rank : 64/133 |
Score : 46/100 |