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2022-10-04

Regulations amending Finansinspektionen’s regulations regarding measures against money laundering and terrorist financing

Finansinspektionen issued regulations amending its previous rules on money laundering and terrorist financing to update the scope of applicable entities. The amendment clarifies that the regulations apply to natural and legal persons conducting specific operations under the Anti-Money Laundering and Terrorist Financing Act, as well as Swedish branches of foreign legal persons. These provisions also extend board-level responsibilities to authorized representatives in associations lacking a formal board or managing director and entered into force on 1 January 2022.

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Finansinspektionen’s Regulatory Code Publisher: Chief Legal Counsel Eric Leijonram, 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 (FFFS 2017:11) regarding measures against money laundering and terrorist financing; decided on 14 December 2021. Finansinspektionen prescribes pursuant to sections 18 and 19 of the Anti-Money Laundering and Terrorist Financing Ordinance (2009:92) that Chapter 1, section 2 of Finansinspektionen’s regulations (FFFS 2017:11) regarding measures against money laundering and terrorist financing shall have the following wording. Chapter 1 Section 2 These regulations apply to

  1. natural and legal persons conducting such operations as set forth in Chapter 1, section 2, points 1–13 of the Anti-Money Laundering and Terrorist Financing Act (2017:630), and
  2. branches in Sweden of foreign legal persons with head offices abroad which conduct such operations as referred to in Chapter 1, section 2, points 1–8 and 10–12 of the same act. Provisions applicable to the board of directors or managing director of legal persons shall be applied in the same way to authorised representatives in types of association in which there is no board of directors or managing director.

These regulations shall enter into force on 1 January 2022. ERIK THEDÉEN Johanna Borg FFFS 2021:37 Published on 20 December 2021

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