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The Swedish Police have issued a report on sanctions compliance in the country, concluding that trade flows to countries neighbouring Russia suggests Swedish involvement in the circumvention of the EU's sanctions.
In relation to the work of Swedish customs, the report noted that in 2023 more than 200 export shipments were stopped, and that 3,000 export declarations in 2024 were "subject to special review measures".
The press release to the report notes that "a handful of preliminary investigations [are] underway regarding sanctions violations at the Police Authority and at Swedish Customs".
The report also highlights an earlier 2024 report by the Swedish Financial Supervisory Authority on the outcome of its review of the sanctions screening processes and methodologies of 19 banks operating in Sweden. The report noted that none of the banks assessed had good enough automatic screening in place, but that the larger banks were better at screening than the small and medium sized banks.
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