Automatic screening of suppliers against the Swedish Economic Crimes Authority's checklist

Choosing the right suppliers is a crucial part of running a secure and successful business. At the same time, it is becoming increasingly difficult to identify unscrupulous actors before problems arise. In addition to risks to one’s own business, inadequate controls can also contribute to companies with ties to financial crime and welfare fraud gaining access to the market. To help our users make safer business decisions, we have now launched a new feature in Betalkontroll that automatically screens suppliers based on the Swedish Economic Crime Authority’s recommended checklist.

Gain better control right from the start when onboarding new suppliers

With the new integrated checklist, the system automatically performs a wide range of checks based on the factors that the Swedish Economic Crime Authority recommends businesses review before entering into a business partnership. The goal is simple: to make it easier to identify red flags and reduce the risk of doing business with suppliers that could pose financial, legal, or operational risks. Instead of manually gathering information from various sources, you, as a user, receive a comprehensive assessment directly within your workflow. 

Why is supplier monitoring so important?

Regardless of the type of business you operate, many new supplier relationships are established each year, and even a single misjudgment can have serious negative consequences: 

• Risk of Fraud and Welfare Crimes
• Issues with Audits and Regulatory Reviews
• Negative impact on your company's reputation or damage to public trust
• Increased administrative burden on the finance department
• Losses due to missed or incorrect deliveries 

By conducting a structured review before the collaboration begins, these risks can be significantly reduced. 

What does the checklist include?

The Swedish Economic Crime Authority’s checklist focuses on identifying signs that may indicate a company is not being run in a responsible manner. For example: 

• If the company is registered and active
• If representatives have ties to identified high-risk companies
• If the company has a history of payment problems
• If there are discrepancies in the company information
• If the business and contact information appear reasonable and credible 

Each individual factor does not necessarily mean that a supplier is unsuitable, but several warning signs together may indicate that a more thorough review should be conducted before signing a contract. 

An important tool in the fight against welfare fraud

Thorough supplier checks are not only important for your organization’s own risk management. They also play a key role in the fight against welfare fraud and financial crime. Unscrupulous actors often use companies as tools to exploit the social welfare system through, for example, fraudulent benefit payments, tax evasion, or other forms of financial crime. To succeed in this, they often need to establish themselves as seemingly legitimate companies and business partners. 

By taking a structured approach to due diligence in accordance with the Swedish Economic Crime Authority’s recommendations, you can more easily identify warning signs before entering into a business relationship. This not only reduces your own business risk but also helps make it more difficult for unscrupulous companies to gain a foothold in the market. The new laws that took effect earlier this year through Government Bill 2025/26:177, “Simplified Supplier Screening in Public Procurement,” also provide additional support for both the exclusion of suppliers and ongoing screening of suppliers under both the Public Procurement Act (LOU) and the Public Contracts Act (LOV).  

From Manual Control to an Automated Process

Many people are aware of the importance of supplier checks, but in practice, they are often time-consuming and are not performed consistently. With the new feature in Betalkontroll, the check is integrated directly into the supplier setup process. This means that: 

• The checks are performed automatically
• All selected suppliers are evaluated in the same way
• The risk of human error is reduced
• The Finance and Purchasing Department Saves Time
• The basis for decision-making is improved and quality-assured  

Strengthen Your Internal Controls

Taking a structured approach to supplier audits is not just about avoiding risks. It also contributes to stronger internal controls and better management of the business. 

When these checks become a natural part of the process, the assessments made are documented more clearly. This can be valuable both from an audit perspective and for ensuring that the company’s purchasing procedures comply with internal guidelines. 

Try out the new feature today

Would you like to learn more about how the checklist works and how it can support your business? Contact us and we’ll tell you more!