Strengthened cooperation to combat money laundering and terrorist financing

[2016-05-17] Seven Swedish financial industry trade associations have jointly signed an agreement to launch a new institute focused on combatting money laundering and financing of terrorism.

The institute is called "Svenska Institutet mot Penningtvätt", SIMPT, and will focus on combatting money laundering, particularly relating to terrorism. SIMPT will develop recommendations on how regulations should be implemented in specific situations and in various parts of the financial sector.

“In this way, those employed in the financial sector will have a better basis for how to act in different situations, while at the same time the individual customer can feel more secure about being treated in a correct and consistent manner,” says Hans Lindberg, CEO of the Swedish Bankers' Association, and Chairman of SIMPT. 

The signatories are: the Swedish Investment Fund Association (Fondbolgens förening), the Swedish Bankers Bankers’ Association (Svenska Bankföreningen), Sparbankernas Riksförbund (an organisation of savings banks), Insurance Sweden (Svensk Försäkring), the Swedish Association of Insurance Intermediaries (Svenska försäkringsförmedlares förening), the Association of Swedish Finance Houses (Finansbolagens Förening), and the Swedish Securities Dealers Association (Svenska Fondhandlareföreningen).

For more information, please contact:

Lena Barkman, Head of communications, Swedish Bankers' Association

Fredrik Nordström, CEO, the Swedish Investment Fund Association

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