Regulatory Alerts2011-03-08
Regulations amending Finansinspektionen’s regulations on measures against money laundering and financing of terrorism
Finansinspektionen issued regulations amending its previous guidelines to clarify the scope of entities subject to anti-money laundering and counter-terrorist financing rules. The amendments specify that the regulations apply to natural and legal persons conducting designated operations, as well as Swedish branches of foreign legal persons, while adopting definitions from the underlying Act. These changes establish precise definitions for firm, internal rules, and internal control, and the regulations entered into force on 1 August 2010.
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