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Swedish government needs to step up work against money laundering, report shows

Equestrian statue of Charles X Gustav in front of the Nordic Museum in Stockholm, Sweden.
Photo: Getty Images

The Swedish National Audit Office is calling out weak money laundering supervision, and has outlined guidance to improve supervisory work.

The work of the Swedish state and some authorities to prevent money laundering lacks effectiveness, according to a new report by Riksrevisionen, the Swedish National Audit Office.

Riksrevisionen says that the government’s management of the system for money-laundering supervision is weak, and that supervision by Finansinspektionen (the Financial Supervisory Authority)