Swedish Financial Police warn of industrial-scale Russian money laundering via bank accounts

Swedish Financial Police report warns that Russian organized crime is laundering billions of kronor through Swedish bank accounts, exploiting the legal right to open payment accounts. The report highlights a regulatory dilemma: banks face pressure to comply with anti-money-laundering rules but are constrained by account-access rights. This signals potential tightening of Swedish banking oversight and could affect Nordic financial institutions' compliance costs.

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