Money Laundering – Problems and Challenges for Banks

Abstract

The Stockholm Centre for Commercial Law held a conference on Money Laundering in December 2010. As an employee of the Swedish Bankers’ Association, I was asked to elaborate on the problems and challenges faced by banks when implementing the anti-money laundering regulations. This paper is a brief summary of my perspective on some of the problems and challenges the anti-money laundering regulations have presented or may present for the banking industry.