Sweden: Ministry of Finance Publishes Draft Amendments to Acts to Strengthen Money Laundering/Terrorism Financing Measures

On August 29, 2019, the Ministry of Finance published draft amendments it is proposing to a series of acts to strengthen measures against money laundering and terrorist financing. The draft amendments propose changes to the following acts, among others:

  • Act on measures against money laundering and financing of terrorism (2017: 630)
  • Electronic Money Act (2011: 755)
  • Payments Services Act (2010: 751)
  • Foreign Credit Institutions Act

A few of the amendments proposed include:

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