The effectiveness of Swedish and European anti-money laundering regulations in the banking sector in Sweden: addressing emerging financial crime techniques

Abstract

This thesis examines Sweden's anti-money laundering (AML) framework, how it has been impacted by EU directives and FATF recommendations and how AML regulations diminish money laundering techniques inside the banking sector. The thesis emphasizes how contemporary laundering techniques, such as use of cryptocurrencies and cross-border transactions impact compliance protocols, risk management regulations, and customer service functions. The objective is to assess the application of existing legal and regulatory instruments in addressing these concerns and to identify shortcomings in enforcement and oversight in banking sector. A doctrinal legal research methodology, supported by comparative analysis is used to evaluated key regulations, case law, and implementation strategies. The findings indicate that while Sweden's AML system has advanced throughout the years, there still are persistent challenges in adapting to technological advancements and emerging laundering tactics.