Background & Purpose
To stop the financial resources used for terrorist acts and comply with international commitments, stronger legal tools are needed in Sweden.
Proposals & Debate
The government proposed a new law allowing the freezing of assets for individuals suspected or convicted of terrorist crimes, including those identified in foreign investigations or listed by the UN Security Council.
The Decision
The Swedish parliament voted in favor of the government's proposal to introduce the new asset-freezing law.
Does this affect you?
- Suspected terrorists: Individuals who are reasonably suspected of terrorist crimes risk having their financial assets frozen.
- Financial institutions: Banks and financial firms must comply with orders to freeze assets belonging to targeted individuals.
In Practice
- Assets belonging to individuals suspected of terrorist crimes can be frozen.
- Individuals convicted under the terrorist crimes act will have their assets frozen.
- People connected to foreign investigations regarding equivalent terrorist crimes are covered by the law.
- Temporary asset freezes can be applied to individuals listed by the UN Security Council.