Gunnar Strömmer reportedly said that Swedish authorities had confiscated more than $8.3 million worth of criminal profits since a law related to seizures was passed in 2024.
Sweden’s justice minister has called on local authorities to focus on crackdowns that could yield larger seizures of assets including cryptocurrency under a 2024 law that allows the confiscation of luxury items and cash from individuals even if they aren’t the target of an investigation.
According to a Thursday report from financial news outlet Dagens industri, Minister of Justice Gunnar Strömmer said local police, tax authorities and the Swedish Enforcement Authority should put more effort into cases likely to yield crypto proceeds, real estate and other corporate assets. The justice minister reported that the government had seized more than $8.3 million in criminal profits since 2024.
The crackdowns stem from a Swedish law that went into effect in November 2024, allowing authorities to confiscate luxury items and large amounts of cash from individuals even if they were not the targets of an official investigation. It’s unclear how much of the $8.3 million reportedly seized was tied to crypto.
