FI has presented in a report to the Government the measures taken to encourage more companies to increase the reporting of suspected money laundering to the Financial Intelligence Unit of the Swedish National Police Board.
For the majority of the industries that are affected by the regulations preventing money laundering and the financing of terrorism, the number of cases reported to the Financial Intelligence Unit has more or less remained the same over the past three years.
However, significant changes are noticeable in three areas:
- banking and finance,
- money remittance services, and
- currency exchange.
The number of reports made by banks has increased steadily between 2009 and 2011, most likely due to measures initiated by FI. However, the number of reports from money remittance firms and currency exchanges appears to have decreased.
FI believes that it is possible to increase the number of reported suspected transactions in the future if all of the involved supervisory authorities implement targeted measures.