Increased suspected cases of money laundering in Sweden


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Monday, 18 July 2011
The Swedish police receive increasing reports of the number of suspected money laundry within the country’s financial operations in the past years.

Last year over 12000 cases were reported - a 34-percent increase over 2009, according to Swedish Financial Service authority’s annual report.
Money laundering, a process where money from criminal activity is transformed to an asset that can be transparent and then use as normal money is in itself very not illegal in Sweden.

Main targets for money laundry are including banks, realtors or real estate dealers, car dealers and casinos, according to the reports.
By Team

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