Gang criminals launder money – approved by the state

Gang criminals launder money approved by the state
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full screen A gang criminal funnels money abroad with the green light from the Financial Supervisory Authority. Archive image. Photo: Lars Schröder/TT

A man who belongs to a criminal network funnels money abroad as an agent for a multinational money broker. Another man with links to terrorist-related activities uses the same method. Both have received permission from the Financial Supervisory Authority, reveals SVT’s Uppdrag review.

International money brokers may operate in Sweden based on permits they have received in other EU countries. But it is the Swedish Financial Supervisory Authority that is tasked with collecting data for foreign authorities who in turn approve agents.

Mission review has previously been able to show how easy it is for organized crime to launder money via money intermediaries.

According to SVT, the man with connections to terrorist-related activities has appeared in two preliminary investigations into suspected money laundering. The investigations never led to charges.

According to SVT, the Financial Supervisory Authority has submitted a request for a change in the law to the government in order to gain increased authority to control the agents.

– It is a good proposal. After all, we have outdated legislation, says Financial Markets Minister Niklas Wykman to SVT.

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