Both financial firms and a considerable number of non-financial firms and professionals are obliged to follow the sanctions issued by the European Council, aimed at persons and entities suspected of involvement in acts of terrorism or collaborating with terrorists and persons linked to certain non-EU regimes.
Financial firms shall inform Finansinspektionen about accounts and amounts that are frozen in accordance with these sanctions as well as report changes to these accounts.
Finansinspektionen's responsibility is to
A notification on frozen assets and economical resources to Finansinspektionen should include:
The notification should be sent to firstname.lastname@example.org with "EU-sanctions" in the heading.
Credit institutions shall no later than 27 May 2022 send a list of deposits exceeding 100 000 EUR held by Russian or Belarussian nationals or natural persons residing in Russia or Belarus, or by legal persons, entities or bodies established in Russia or Belarus. The amounts of such deposits should be updated every 12 months.
Credit institutions should also supply information on deposits exceeding EUR 100 000 held by Russian or Belarussian nationals or natural persons residing in Russia or Belarus, who have acquired the citizenship of a Member State or residence rights in a Member state through an investor citizenship scheme or an investor residence scheme.
Credit institutions shall supply to Finansinspektionen by no later than 27 May 2023 a list of deposits exceeding 100 000 EUR held by a legal person, entity or body established outside the Union and whose proprietary rights are directly or indirectly owned for more than 50 per cent by Russian nationals or natural persons residing in Russia. They shall provide updates regarding the amounts of such deposits every 12 months.
This follows from article 5g of Regulation (EU) 833/2014 and 1z of Regulation (EU) 765/2006.
Reporting from Swedish credit institutions shall cover their Swedish operations as well as their foreign branches operations. Whether such branches are subject to corresponding reporting requirements in the host country should be verified with the competent authority of such Member State. Foreign branches operating through a branch in Sweden are not subject to the reporting requirement to Finansinspektionen.
Credit institutions which do not have any deposits covered by the requirements above do not have to report to Finansinspektionen.
The lists and information shall be sent to Finansinspektionen at email@example.com no later than 27 May 2023. State "EU-sanctions – lists of deposits" in the heading. The information can be provided in the template below, which EBA has developed by request of the EU Commission.
In accordance with Council Regulation (EU) 2022/1273, art 9 p. 2 and 4 amending Regulation (EU) No 269/2014 natural or legal persons, entities or bodies listed in Annex I, shall report before 1 September 2022 or within 6 weeks from the date of listing in Annex I, whichever is latest, funds or economic resources within the jurisdiction of a Member State belonging to, owned, held or controlled by them, to the competent authority of the Member State where those funds or economic resources are located. The notification to Finansinspektionen shall include:
Please use the template article 9 below. The notification should be sent to firstname.lastname@example.org with "EU-sanctions" in the heading.
Updated information about issued sanctions is available on the website of the Ministry of Foreign Affairs (see links below). Information on that website is continually updated and the Ministry of Foreign Affairs urges people wishing to perform screening to contact the responsible geographic unit at the Ministry to check what currently applies. This pages sets out examples of EU sanctions.
The latest updates on EU sanctions are published in the official Journal of the European Union. The European Commission provides guidance related to sanctions, including links to sanction lists on their web site.
The sanctions are targeted toward:
Updated information about issued sanctions is available on the website of the Ministry of Foreign Affairs. Information on that website is continually updated and the Ministry of Foreign Affairs urges people wishing to perform screening to contact the responsible geographic unit at the Ministry to check what currently applies.
The European Council has issued sanctions via regulations in order to freeze the assets of persons linked to certain non-EU regimes.