FATF: AML/CFT FOLLOW-UP REPORT ON SWEDEN

On 2 October, FATF published the 1st regular follow-up report following its 2017 mutual evaluation report and 2018 progress report.  FATF has now re-rated the country on Recommendation 26 – (Regulation and supervision of financial institutions) from “partially compliant” to “largely compliant”.  The report also looks at whether Sweden’s measures meet the requirements of FATF Recommendations that have changed since the 2018 follow-up report and agreed to rerate Recommendation 15 ( New technologies) from “compliant” down to “largely compliant” and remains rated “compliant” for Recommendation 2 (National cooperation and coordination).  Sweden is also rated “compliant” on 14 Recommendations, “largely compliant” on 23 Recommendations and remains “partially compliant” on 3 Recommendations.  Sweden will continue to report back to FATF on its progress.

I had left off this link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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