Sweden Country Summary
Sanctions
No
FATF AML Deficient List
No
Terrorism
Corruption
US State ML Assessment
Criminal Markets (GI Index)
EU Tax Blacklist
Offshore Finance Center
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF status
Sweden is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last follow-up to the last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Sweden was undertaken in 2020. According to the follow-up Evaluation, Sweden was deemed Compliant for 14 and Largely Compliant for 23 of the FATF 40 Recommendations. It was deemed Highly effective for 1 and Substantially Effective for 4 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are no international sanctions currently in force against this country
Bribery & Corruption
| Rating | 0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 82 |
| World Bank: Control of Corruption Percentile Rank | 98 |
Sweden generally presents a low risk of corruption for investors, with most companies adhering to high anti-corruption standards. However, there have been notable cases involving Swedish companies, such as Telia and Ericsson, which faced significant penalties for bribery and corruption in foreign dealings. Despite Sweden's comprehensive anti-corruption laws and participation in international conventions, the OECD has criticized the country for its lack of corporate convictions and inadequate penalties, urging reforms to enhance accountability and compliance.
Economy
Sweden boasts a highly competitive and open economy, characterized by a well-educated labor force and low corporate tax levels, making it an attractive destination for investment. Despite facing challenges such as high personal taxes and a high cost of living, Sweden ranks eighth in the IMD World Competitiveness Ranking 2023, reflecting its strong performance in innovation and technology adoption.
Sweden is recognized as a highly favorable investment destination, characterized by a competitive and open economy, a well-educated labor force, and low corporate tax levels. While the country offers significant incentives for foreign investment, challenges such as high personal taxes, labor costs, and housing shortages may affect talent acquisition. Overall, Sweden ranks eighth in the IMD World Competitiveness Ranking 2023, reflecting its strong position as an innovative economy ready to embrace new technologies.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
