Financial Crime World

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FCA Financial Crime Reporting Guidelines in Sweden to Come into Effect

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From January 1st, all financial institutions subject to the Swedish Anti-Money Laundering Act must report annually to Finansinspektionen, the country’s financial watchdog. The reports will be made exclusively through the new FIDAC reporting system.

What to Report and When

Reporting Period

The annual reports will cover information from December 31st, 2023, with the last day for submission being March 31st, 2024. Reports can be filed as early as January 1st, 2024.

Changes in Reporting Guidelines

Some questions have been removed or revised from last year’s reporting guidelines. The amendments are outlined in a PDF document available on Finansinspektionen’s website.

Key Amendments

  • Questions removed/revised: [list specific questions]
  • Updated guidance: [link to PDF document]

Technical Support and Guidance

For technical assistance with submitting reports, please visit the FIDAC reporting system webpage. For queries about reporting obligations or interpretations of the form questions, contact periodiskrapporteringpenningtvatt@fi.se. Note that this mailbox is not for technical support.

Resources

Frequently Asked Questions

Finansinspektionen has released a FAQ document addressing common questions about periodic reporting under the Anti-Money Laundering Act. The document includes an English translation of the form questions for non-Swedish speakers.

Resources

  • FAQ Document: [link]
  • English Translation of Form Questions: [link]

By adhering to these new guidelines, financial institutions in Sweden can ensure compliance with anti-money laundering regulations and maintain transparency in their operations.