Fund Management

Banking secrecy in Sweden under attack as AP funds' fight against financial crime intensifies

Changes to well established principles in banking and financial regulation may be necessary, if we are to win the fight against money laundering and similar criminal acts. This was the conclusion by several participants at Swedish state pension funds' seminar on fighting financial crime.
Osssian Ekdahl, chairman of the Council on Ethics at AP Fondar in Sweden. | Photo: AP Fondar/PR
Osssian Ekdahl, chairman of the Council on Ethics at AP Fondar in Sweden. | Photo: AP Fondar/PR
BY HELLA ANDERSEN

In order to strengthen efforts against money laundering and financial crime, reviewing the banking secrecy, principles of public disclosure and company reporting may prove a necessity, several participants claimed at a recent seminar arranged by the Swedish state pension funds AP Fondar and their Council on Ethics.

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