News Money Laundering

2023

Aros receives warning and administrative fine

Finansinspektionen has decided that Aros Kapital will receive a warning and an administrative fine of SEK 45 million.

Currency exchanger My Change Scandinavia must cease its operations

Finansinspektionen has decided to issue an injunction to the currency exchange company My Change Scandinavia AB (My Change) to immediately cease its operations. The reason is extensive and severe deficiencies in the firm’s work to combat money laundering and terrorist financing.

My Change Scandinavia receives an injunction to cease its operations

Finansinspektionen is issuing an injunction to My Change Scandinavia AB (My Change) to cease its currency exchange operations. It shall have ceased its operations no later than 24 August 2023.

2022

2022:1 Asylum seekers’ access to financial services

In this document, FI states its position on asylum-seeking refugees’ access to financial services in cases where the asylum seeker is lacking identity documents. The position replaces FI's previous memorandum (FI Ref.16-2898).

Länsförsäkringar Bank is issued a remark and must pay administrative fine

Länsförsäkringar Bank has been deficient in its work to prevent money laundering and terrorist financing. The bank is therefore being issued a remark and must pay an administrative fine of SEK 90 million.

Länsförsäkringar Bank recieves a remark and must pay an administrative fine

Länsförsäkringar Bank has been deficient in its compliance with the anti-money laundering regulations. Finansinspektionen is therefore issuing Länsförsäkringar Bank a remark that will be accompanied by an administrative fine of SEK 90 million.

Money remittance provider Moneygram must resolve anti-money laundering deficiencies

The foreign money remittance provider Moneygram International SPRL has not had a sufficient scope in the general risk assessment of its operations in Sweden to its assessment of the risk of being used for money laundering or terrorist financing. Therefore, FI has decided to issue an injunction to Moneygram to resolve the deficiencies by 30 December of this year.

Moneygram receives injunction to take remedial action

Moneygram International SPRL has not applied a sufficient scope to its assessment of the risks of its operations in Sweden being used for money laundering. Moneygram must resolve these deficiencies no later than 30 December 2022.

Trustly and ClearOn each receive a warning and an administrative fine

Finansinspektionen (FI) issues payment service companies Trustly Group AB (Trustly) and ClearOn AB (ClearOn) warnings for severe deficiencies under the anti-money laundering regulatory framework.

ClearOn receives warning and administrative fine

ClearOn is receiving a warning and must pay an administrative fine of SEK 14 million.