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. While there have been instances of Swedish companies facing bribery charges abroad, domestic corruption is rare, and Sweden has comprehensive anti-corruption laws. However, the OECD has criticized Sweden for its lack of convictions related to bribery and has urged reforms to enhance corporate liability and penalties for international bribery.
Economy
Sweden is recognized as a highly competitive and open economy, characterized by a well-educated labor force and low corporate tax levels, making it an attractive destination for foreign investment. However, challenges such as high personal taxes, labor costs, and housing shortages can hinder business operations. Despite these challenges, Sweden ranks eighth in global competitiveness and is known for its innovation and advanced technological infrastructure.
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. However, challenges such as high personal and VAT taxes, rigid labor regulations, and a high cost of living can complicate the investment landscape. Despite these challenges, Sweden ranks eighth in the IMD World Competitiveness Ranking 2023, highlighting its attractiveness for foreign investments, particularly in sectors like telecommunications, healthcare, and energy.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
