Sifa in joint push against money laundering

Jonathan Boyd
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Sifa in joint push against money laundering

The Swedish Investment Fund Association has joined other industry bodies in pushing the anti-money laundering agenda including the launch recently of a new website for the Swedish Anti-Money Laundering Institute (Svenska institutet mot penningtvätt), which outlines the ongoing development by expert working groups into aspects of guidance for financial professionals.

Available at www.simpt.se, the website includes information on the background and objectives of the Institute, its organsation, steering, project and reference committees, as well as how factors such as risk assessment will be used to develop a pathway for financial firms understanding and implementation of the rules around money laundering and financing of terrorism.

Other key industry organisations involved in the project include Sparbankernas Riksförbund (an association of retail and savings banks), Finansbolagen (The Association of Swedish Finance Houses), Svensk Försäkring (Insurance Sweden), Svenska Fondhandlare Föreningen (The Swedish Securities Dealers Association), and Svenska Försäkringsförmedlares Förening (an association for insurance intermediaries).

Draft pathway documents are expected to be published on the website in the runup to the implementation of new anti-money laundering legislation that is expected to come into force by June 2017.

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