In Sweden and abroad, there are many more entities which are, in some way, concerned with or work with combating money laundering and terrorist financing. Some of them are presented here. More information can be found on the relevant websites.
The Financial Action Task Force (FATF) was formed in 1989 and is an intergovernmental body that prepares international standards for combating money laundering, terrorist financing and financing the proliferation of weapons of mass destruction. Through its 36 members and eight regional bodies, it reaches its approximate 190 jurisdictions. Sweden became a member of FATF in 1990 and undertook, through its membership, to implement the standards in the Swedish judicial system.
Through periodic evaluations, FATF and its regional bodies ensure that the members follow the international standards. FATF continually publishes opinions on countries with a high risk of money laundering and terrorist financing. FATF also produces guidance documents to support the introduction and application of the standards.
FATF's statements, recommendations, yearly report
The Swedish Financial Intelligence Unit is a section of the Swedish Police that registers, processes and analyses reports received from firms on suspected money laundering or terrorist financing. The Financial Intelligence Unit assess whether reported transactions can be linked to a particular crime or form part of criminal activity. If the efforts of the Financial Intelligence Unit result in a suspicion of underlying crime, the relevant police authority or other law enforcement agency is informed, such as the Swedish Economic Crime Authority.
The Swedish Economic Crime Authority is a specialist authority within the Swedish judiciary, with particular expertise in analysis and investigation. The agency's remit is to create security and justice by preventing and combating financial crime. The Economic Crime Authority principally focuses on serious financial crime, but also on less serious financial crime that is subject to milder sentences, but the prosecution of which has a preventive purpose. The Economic Crime Authority investigates cases such as accounting fraud, tax offences, bankruptcy-related crimes, financial market crime and EU fraud. The Economic Crime Authority also takes crime prevention measures and undertakes intelligence activity.
The Security Service is commissioned with leading and conducting police activity to prevent and detect crimes against Swedish national security, such as terrorism.
The Swedish Prosecution Authority shall contribute to the reduction of crime and increasing public safety by ensuring that persons who commit crimes are subject to criminal investigation and prosecution. Prosecutors at the authority have a responsibility to lead preliminary investigations, take decisions on matters of prosecution and bring court proceedings in all cases that are referred to the agency.
The Egmont Group is a global network for Financial Intelligence Units (FIUs). In Sweden, the Financial Intelligence Unit within the Swedish Police is the designated FIU. The Egmont Group was founded in 2000, when the need emerged for international cooperation to combat money laundering and terrorist financing, also between the FIUs of different countries. In 2013, 139 FIUs were members of the Egmont Group. The Egmont Group prepares, for example, supplementary documents for FATF recommendations.
The Basel Committee on Banking Supervision prepares standards, guidelines and recommendations that set standards for the supervisory authorities of most countries. The committee forms a global network for supervisory authorities, ensures the local supervisory cooperation through regional committees, and provides training in the field of supervision.
The Sub-Committee of Anti-Money Laundering (AMLC) is a sub-committee of the Joint Committee for the European supervisory authorities EBA, EIOPA and ESMA, jointly called ESA.
Most of AMLC's work consists of preparing guidelines and technical standards in accordance with the requirements set out in the Money Laundering Directives. AMLC is also expected to investigate and issue opinions about the risk of money laundering and terrorist financing for other committees in the European supervisory authorities when they devise guidelines or technical standards .