Similar to any developed financial centre, Sweden's financial sector is vulnerable to Money Laundering and Terrorist Financing, prompting the country to create an Anti-Money Laundering (AML) system.
We provide Compliance Advisory Service and audit on the overall activities of a Money Transfer Business.
ABM Global Compliance provides the compliance advisory service and audit on the overall activities of a Money Transfer Business in Sweden. The Swedish law is based upon the Fourth EU Money Laundering Directive, which stipulates that all financial businesses within the EU are obligated to prevent money laundering
FI requires Money Services Businesses to adopt a written AML Compliance Program that is reasonably designed to ensure proper recordkeeping and reporting of certain transactions, and to prevent the business from being used to launder money.
ABM Global Compliance will develop an AML Policy for your business which contains all the necessary section required by the regulator, such as Compliance, Risk management, Internal audit function, Complaints handling, Documentation etc.
Any payment institution offering fnancial services in Sweden is required to apply for a licence issued by FI in order to operate a business.
ABM Global Compliance will assist you or your business to obtain the relevant Licence from FI by designing a suitable Capital Situation, a realistic Corporate Governance and developing a professional Business Plan which are the core part of the application along with other documents.
Payment Institutions in Sweden are required to Report twice a year to Finansinspektionen about their own funds and capital requirement. ABM Global Compliance will assist you to submit those returns with the method the authority determined the firm should use.
The UK handles up to 36% of all transactions, making the country the most important currency exchange centre in the world.
We works closely with the businesses involved in Consumer Credit and Corporate Finance activities to process their Authorisation