Sweden’s Financial Supervisory Authority (Finansinspektionen) reported that Sweden’s coordination function against money laundering and terrorist financing has published updated guidance aimed at helping financial sector operators more easily detect “money mules”. A money mule is described as a person who launders money by allowing criminals to use their account. The guidance includes examples of how criminals use money mules, warning signs to watch for, and suggested measures that can support detection. The coordination function is led by the Swedish Police Authority and includes Finansinspektionen, and its remit includes identifying, mapping and analysing money laundering and terrorist financing risks and methods in Sweden and providing information to operators.
Finansinspektionen 2025-02-24
Sweden’s Financial Supervisory Authority highlights AML and CTF coordination function guidance on identifying money mules
Sweden’s Financial Supervisory Authority (Finansinspektionen) announced updated guidance from the national coordination function against money laundering and terrorist financing to aid financial operators in detecting "money mules." The guidance, led by the Swedish Police Authority and Finansinspektionen, includes examples, warning signs, and detection measures.