Financial crimes hit record levels

Sweden’s National Economic Crimes Bureau (EBM) last year held more people to account for economic crimes than in any previous year.

In addition, 832 cases resulted in legal proceedings, an increase of 23 percent, according to the Bureau’s 2007 annual report.

The average amount of time required to go from a crime being reported to an indictment also dropped by 34 percent, from 14 months in 2006 to around nine months last year.

“We’re devoting more and more resources specifically against organized crime,” said EBM head Gudrun Antemar.

Last year the agency strengthened is operational capacity by recruiting intelligence analysts and increasing its cooperation with the tax crimes division of the National Tax Board.