Sweden's Finansinspektionen has launched an investigation into how QB Europe AB (Quickbit) complies with anti-money laundering requirements, with a review centred on the firm’s risk assessment and customer due diligence framework. The examination covers Quickbit’s overall risk assessment, its know-your-customer routines, and the customer due diligence measures it applies. Finansinspektionen linked the review to its supervisory priority on money laundering risks and noted that crypto-asset trading, which Quickbit offers, is viewed as having heightened money laundering risk because it can enable anonymity; these risks are highlighted in the 2021 national risk assessment and the EU’s latest risk assessment.
Finansinspektionen 2025-03-10
Sweden's Finansinspektionen opens anti-money laundering investigation into QB Europe AB Quickbit
Sweden's Finansinspektionen is investigating QB Europe AB (Quickbit) for compliance with anti-money laundering requirements, focusing on risk assessment and customer due diligence. The review aligns with the authority's priority on money laundering risks, particularly in crypto-asset trading, which is considered high-risk due to potential anonymity.