The Money Laundering Act, or Law (2017: 630) on measures against money laundering and terrorist financing exists for the purpose of preventing credit institutions from being used for money laundering or being involved in financing terrorism. The Swedish law is based on the EU Money Laundering Directive, which means that all financial companies within the EU are obliged to prevent money laundering. The law also covers companies and professionals outside the financial sector such as accountants, lawyers, real estate agents and more. Corresponding rules apply to measures against the financing of terrorism.