Regulatory Alerts2018-01-11
Regulations amending Finansinspektionen’s regulations regarding payment institutions and registered payment service providers (FFFS 2017:12)
Finansinspektionen amended its regulations and general guidelines (FFFS 2010:3) to update requirements for payment institutions and registered payment service providers. The revision mandates that business plans must detail measures against money laundering and terrorist financing, including risk assessments and internal procedures as required by the Anti Money Laundering and Terrorist Financing Act. These regulations entered into force on 1 August 2017.
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