SWEDISH PHONE BRIBE SCANDAL PROMPTS AML REVIEW
October 2nd, 2013
The ongoing investigation into Swedish telecoms group TeliaSonera’s involvement in suspected money laundering (ML) and bribery in Uzbekistan has prompted a fresh push by government to introduce tougher reporting rules for a broader range of ML offences in 2014.Significantly, the new measures will give law enforcement agencies greater powers of arrest and asset seizures where money laundering is suspected.The proposed changes will tighten ML-related reporting rules for Swedish and foreign corporations operating in Sweden.Specifically, more emphasis will be ...
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