meta_id 3300412

On July 6, 2026, Sweden's Ministry of Finance published a memorandum containing legislative proposals required to align Swedish law with the European Union's anti-money laundering package. The memorandum outlines comprehensive reforms to Sweden's anti-money laundering framework, affecting financial institutions, designated non-financial businesses, and professions. The proposals include repealing and replacing the Money Laundering Act (Penningtvättslagen), the Register Act (Registerlagen), and the Account and Safe Deposit Box System Act (Lagen om konto- och värdefackssystem) with new legislation. The reforms expand the scope of entities subject to obligations to combat money laundering, terrorism financing, and circumvention of targeted economic sanctions. Supervision and enforcement provisions will be consolidated within the new Money Laundering Act. The register of beneficial owners will be expanded to include additional information, with the Swedish Companies Registration Office (Bolagsverket) receiving enhanced responsibilities to ensure data accuracy. The Stockholm County Administrative Board (Länsstyrelsen i Stockholms län) will oversee anti-money laundering supervision of lawyers and law firms. The Swedish Police Authority's financial intelligence unit (Sveriges finansunderrättelseenhet) will gain expanded authority to share information with entities notwithstanding confidentiality obligations and to impose monitoring measures and account freezes on accounts and business relationships managed by regulated entities. A new register covering accounts, safe deposit boxes, virtual International Bank Account Numbers, and gaming accounts will replace the current account and safe deposit box system. The legislative changes are proposed to enter into force on July 10, 2027. The memorandum is available for download from the Swedish Government website.