Sweden: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2007/057, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; rule; customer; offence; AML Act; predicate offence; CFT obligation; terrorist organisation; law enforcement authorities; credit card; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; Global (search for similar items in EconPapers)
Pages: 27
Date: 2007-02-09
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