Answer two questions and see what the law requires today and what the EU AML Regulation requires from 10 July 2027. Every answer cites the provision.
Today
The Act sets no fixed interval. You must follow up the business relationship on an ongoing basis and when needed, so that your knowledge of the customer is current and sufficient (Chapter 3, Section 13 of the Swedish AML Act). Your procedures set the frequency, based on the customer's risk profile.
From 10 July 2027
No more than five years between updates of customer information (Article 26(2)(b)).
Within that limit, the interval must depend on the risk (Article 26(2)).
Whatever the interval
Article 26(3) AMLR. Today, follow-up must already happen when needed (Chapter 3, Section 13 of the Swedish AML Act).
This tool summarises the legislation. It is not advice. The legislation and your supervisor's guidance take precedence.
Sources: Lag (2017:630) om åtgärder mot penningtvätt och finansiering av terrorism, riksdagen.se · Förordning (EU) 2024/1624 (AMLR), EUR-Lex
What the rules require, explained against the legislation.
Ongoing monitoring of customers: what the Swedish AML Act requires today, which events trigger a review and AMLR's one- and five-year limits from 2027.
AMLR applies from 10 July 2027. What the EU AML Regulation changes in CDD: review intervals, beneficial ownership, PEPs, sanctions and records.
Customer risk assessment under AMLR and the Swedish AML Act: which risk factors to weigh, how to combine them and a worked example.
In AKT, the review opens when owners, boards or sanctions lists change. High risk comes back sooner, low risk less often.
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