Regulatory Alerts2019-12-13
Regulations amending Finansinspektionen’s regulations regarding measures against money laundering and terrorist financing
Finansinspektionen issued these regulations to amend its 2017 rules on anti-money laundering and terrorist financing, effective January 1, 2020. The amendments require undertakings to identify threats against staff, establish specific protocols for remote customer identity verification, and retain relevant documents for ten years under certain conditions. Additionally, the rules mandate that when assessing the need for compliance functions, entities must consider factors such as turnover, employee count, and risk assessment complexity.
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