Money laundering is when criminal enterprises use financial companies to "launder money" so that money earned from illegal activities can be reported openly. This may concern money from e.g. drug trafficking, smuggling, robbery, fraud, arms dealing, etc. All financial enterprises within the EU have a duty to prevent money laundering and the Swedish Act on Measures to Prevent Money Laundering and Terrorist Financing (the Money Laundering Act) is based on an EU directive. The Money Laundering Act is to prevent financial institutions from being used for money laundering or the financing of terrorism and entails that Telia Finance must continuously assess the risk that our company may be used for money laundering. To do this, we need to know our customers and their business well and understand the background to our customers' transactions and agreements with us.