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Sweden’s progress in strengthening measures to tackle money laundering and terrorist financing

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Since the 2017 assessment of Sweden’s measures to tackle money laundering and terrorist financing, and their follow-up report in 2018, the country has taken a number of actions

to strengthen its framework.

Sweden has been in a regular follow-up process following their July 2018

progress report. In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the actions it has taken since then.

To reflect Sweden’s progress, the FATF has now re-rated the country on Recommendation 26 – (Regulation and supervision of financial institutions) from partially compliant to largely compliant.

The report also looks at whether Sweden’s measures meet the requirements of FATF Recommendations that have changed since the 2018 follow-up report. The FATF agreed to rerate Recommendation 15 ( New technologies) from compliant to largely compliant. Sweden remains rated compliant for Recommendation 2 (National cooperation and coordination).

Sweden is rated compliant on 14 Recommendations and largely compliant on 23 Recommendations. It is remains partially compliant on 3 Recommendations.

Sweden will continue to report back to FATF on its progress.

More on:

Follow-Up Report Sweden – July 2018

Mutual Evaluation Report Sweden – 2017

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