Iceland : Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

 
Author/Editor: International Monetary Fund
 
Publication Date: July 26, 2007
 
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Summary: This paper examines Iceland’s Observance of Standards and Codes on the Financial Action Task Force Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism. Iceland’s legal requirements in place to combat money laundering and terrorist financing are generally comprehensive. The penalties for money laundering appear low, and the number of money laundering prosecutions and convictions has decreased. The terrorist financing offence is generally broad, although it does not fully cover the financing of acts listed in the Terrorist Financing Convention.
 
Series: Country Report No. 07/254
Subject(s): Combating the financing of terrorism | Bank supervision | Bank legislation | Anti-money laundering | Financial sector | Reports on the Observance of Standards and Codes

 
English
Publication Date: July 26, 2007
ISBN/ISSN: 9781451819342/1934-7685 Format: Paper
Stock No: 1ISLEA2007001 Pages: 27
Price:
US$18.00 (Academic Rate:
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