Sweden: Financial Supervisory Authority Applies ESAs' Guidelines on Risk Factors

On May 22, 2019, the Financial Supervisory Authority (Finansinspektionen – FI) announced that it intends to abide by and implement the European supervisory authorities’ (ESAs) common guidelines on Articles 17 and 18(4) of the 4th Anti-Money Laundering Directive, namely the risk factor guidelines.

In particular, the ESAs' guidelines refer to the performance of simplified and enhanced due diligence measures and factors that should be considered by credit and financial institutions when assessing risks of money laundering and terrorist financing. 

The FI also outlines that it will not be issuing further national guidance or general advice due to the direct applicability of the risk factor guidelines in Sweden.

To continue reading please log in or request a demo to speak to a member of the team.