Friday sent the Swedish Economic Crime Authority, police, prosecutor’s office, the Security Service and Customs Service submitted a formal request to the Ministry of Finance to amend the Law in Banking and Finance. Investigation authorities agree that change must occur with regard to urgency among banks in the disclosure of information during investigations.
Financial information plays an increasingly important role in the investigation of crimes. Fast and efficient access to financial information necessary for the investigation of such crimes against the welfare system, financing of terrorism, money laundering and financial crime. Today’s handling of the information is in some parts inefficient, uncertain legal and does not use modern technology sufficiently mean the five investigating authorities. Still sent a large part of the information by regular mail. It means that every day come in paper stacks of bank statements, which require time-consuming processing to be analyzed.
– For Crimes Bureau is gathering information from banks, a central part of almost all of our investigations. That it functions well is therefore crucial to conduct a fair and effective criminal investigation, says Birgitta Resenius, work associate at the Economic Crimes Bureau.
Today, legislation no particular urgency or how the information to be provided by banks . A clear legal requirements of urgency regarding the banks’ obligation to provide information is a prerequisite for a change mean works lawyer Birgitta Resenius who is the initiator of this request for amendment.
– In the current situation, it can sometimes take up to three months before we get information. For-profit banks are of course no vested interest in its sole discretion drive this trend and this is why it is important to get a change in the law, says Birgitta Resenius.
In the letter, it is among other things to read that there is currently no uniform way either for the authorities or banks to request the financial information. The meaning of the concept, how the information is structured, recorded format and means of transmission varies quite between actors. This must change mean the five investigating authorities.
– With a structured electronic processing reduces the risk of transcription errors, we create faster access to the preliminary investigation materials which naturally speeds up investigations and thereby increases legal certainty, concludes Birgitta Resenius.
the five investigation authorities have jointly developed the proposal, which is part of a larger collaboration initiatives between the investigation authorities, banks and the banking association.
EBM is a specialist agency for combating economic crime with the task to detect, prevent, investigate and prosecute financial crimes.
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