This regulation tightens the requirements on how financial undertakings determine the risk that they are being used for money laundering and the financing of terrorism. The undertakings must adapt their procedures and other measures to the risks they have identified. The regulations contain new requirements on functions for compliance and internal control and the features of the whistle-blowing system that all undertakings must have. The new regulations also require undertakings under supervision to submit necessary information to Finansinspektionen to facilitate the authority's risk classification of the undertaking.
The regulations are based on an EU Directive from 2015 and the new Money Laundering and the Financing of Terrorism (Prevention) Act (2017:630) that enters into force on 1 August 2017.
The new regulations enter into force on 1 August 2017.