SWEDEN Law and Practice Contributed by: Robert Karlsson, Helena Rönqvist, Caroline Landerfors and Vilma Slättegård, Magnusson Law
and how consumers can protect themselves if they are a victim of fraud. The SFSA actively and regularly issues warnings relating to investment fraud and col - laborates closely with the industry to counter fraud. 12.2 Areas of Regulatory Focus The SFSA regularly issues warning relating to invest - ment fraud. Further, both the Swedish Consumer Agency and the SFSA have issued repeated warnings related to initial coin offerings and trading in crypto- assets. Coin offerings and crypto-assets currently lack explicit regulation, particularly concerning consumer protection, and are deemed high-risk financial prod - ucts.
The SFSA has also issued warnings and information about fraud related to the misuse of BankID. On 31 October 2024, the SFSA issued a report with a number of measures that the SFSA and financial
institutions can take to counter fraud. 12.3 Responsibility for Losses
Fintech service providers’ possible responsibility for losses due to investment fraud or other fraudulent activities must be analysed in each individual case.
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