Sweden Leads Nordic Region in Money Laundering, Report Finds

Sweden stands out as the country in the Nordic region that has the biggest problem with money laundering, in a fresh report from Nasdaq Verafin.

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Sweden Leads Nordic Region in Money Laundering, Report Finds
Photo: Johan Nilsson / TT

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The level of money laundering in Sweden is significantly higher both in kronor and ören and as a percentage of the country's GDP.

According to the report, money laundering in Sweden in 2023 amounted to 15.3 billion dollars (approximately 150 billion kronor), which corresponded to 2.51 percent of the country's GDP that year.

In Norway, Denmark, and Finland, money laundering was measured at 1.78-2.13 percent of GDP at the same time.

In absolute terms, Sweden has three times as large a share of money laundering as Finland, whose money laundering during the year amounted to 5.0 billion dollars.

In total, more than 750 billion dollars were laundered in Europe's financial system in 2023, which in turn constitutes nearly a quarter of the total flow of illegal funds in the global economy.

Correction: In an earlier version, the wrong name was given for the sender of the report.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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