Regulations amending Finansinspektionen’s rules on measures against money laundering and financing of terrorism

Finansinspektionen’s Regulatory Code
Publisher: Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2009:1) governing measures against money laundering and financing of terrorism; decided on 12 December 2016. Finansinspektionen prescribes pursuant to section 18 of the Money Laundering and Financing of Terrorism (Prevention) Ordinance (2009:92) that Chapter 1, sections 2 and 3 of Finansinspektionen’s regulations and general guidelines (FFFS 2009:1) governing measures against money laundering and financing of terrorism shall have the following wording.
Chapter 1
Section 2 These regulations apply to

1. natural and legal persons conducting such operations as those referred to in
   Chapter 1, section 2, points 1–7, and 17–21 of the Money Laundering and
   Financing of Terrorism (Prevention) Act (2009:62), and
2. branches in Sweden of foreign legal persons with head offices abroad which
   conduct such operations as referred to in point 1.
   Provisions applicable to the board of directors or managing director of legal persons shall apply similarly in respect of authorised representatives in types of association in which a board of directors or managing director is not appointed.

Section 3 The definitions in these regulations are the same as those in Chapter 1,
section 5 and 5a and Chapter 2, section 7a of the Money Laundering and Financing
of Terrorism (Prevention) Act (2009:62).
Furthermore, the following definitions are used:

1. Undertaking: a body that conducts business as set out in Chapter 1, section 2,
   points 1–7 and 17–21 of the Money Laundering and Financing of Terrorism (Prevention) Act.
2. Internal regulations: policy and governance documents, guidelines, instructions
   or other written documents through which an undertaking directs its operations.
3. Internal control: a process through which the undertaking’s board of directors,
   managing director, senior management or other personnel create reasonable certainty that the undertaking’s goals are achieved in the following areas:
   – that the undertaking organises and manages its operations appropriately and efficiently, FFFS 2016:30 Published on 16 December 2016

FFFS 2016:30
2
– that information submitted to the Swedish Police is reliable, and – that the undertaking complies with applicable laws, ordinances and other regulations. _______________ These regulations shall enter into force on 1 January 2017. ERIK THEDÉEN Roger Jacobsson