Sweden Keeps Attention On The Baltics With AML Upgrades

Swedish authorities are plotting further improvements to the country’s anti-money laundering (AML) regime, doubling down on weaknesses exposed by recent Baltic scandals and bulking up the country’s authority with more people and more money.

The announcement was set out in an annual report on AML and counter-terrorist financing (CTF) published by Finansinspektionen, Sweden’s Financial Supervisory Authority (FSA), on Friday.

The report revealed that the authority has already seen the results of the country’s public foregrounding of AML concerns in the wake of the Danske Bank and Swedbank scandals.

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