Cooperation against money laundering be extended

"The cooperation against money laundering be extended"

"Sweden's finance minister Magdalena Andersson (S) has met his american counterpart and discussed the expanded international measures against money laundering. She took up the situation in Sweden and the Baltic countries."

"– There are cross-border phenomena, so therefore, it is important that we can work internationally with these issues, " says Magdalena Andersson after the meeting."

"They decided that the international organization FATF, the Financial Action Task Force, which will provide standards and evaluates the countries' regulations against financial crime, should have an expanded mandate. The 36 countries included in the organization which so far has been a temporary working group, while now it is to be permanent. Finance ministers will now meet more regularly than in the past to discuss the issues."

"It is a way to scale up this business and give it a completely different weight and status than it had in the past," says Magdalena Andersson."

"For Sweden's part, she brought up the situation of money laundering linked to Swedbank and Estonia, although not Swedbank was mentioned specifically."

"– I took the course up to the reports we now have from the Nordic countries and the Baltic states, and it is something that we look very seriously and we are actively working to sort out what has happened."

"TT: How to see the united states on the Swedish banks and the Swedish authorities have handled this?"

"– the Americans see that Sweden is a country that has a clear stance against money laundering and where we also have an active work against money laundering in Sweden. They are also aware that what has happened has happened in the Baltic states and the baltic supervisory authorities responsible for supervision."

"She highlights the fact that the Swedish financial supervisory authority has a close cooperation with the baltic counterparts, but that cooperation between them is something that may need to be expanded in the future."

"In the investigations that are going on around Swedbank, AMERICA is a great player and the issue of fines or sanctions can be crucial for the bank. Magdalena Andersson does not want to answer straight on what she likes to the united states to act against a Swedish bank with an Estonian business."

"– That the united states is investigating Swedbank in itself is not strange. If the bank has operations in the united states, under american supervision for part of the business, " says Magdalena Andersson."