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Iceland is excluded from the FATF grey list


				03.11.2020
						

On 23 October 2020, the Government of Iceland announced its removal from the FATF Grey List, which is a list of States under enhanced monitoring.

At the annual general meeting of the International Group for the Development of Financial Measures to Combat Money Laundering and the Financing of Terrorism, it was decided that Iceland should be removed from the list of countries with insufficient protection against money laundering and the financing of terrorism.

This decision was made after a September study by experts working on behalf of the FATF. The significant progress of the country in the development of "anti-laundering" legislation was noted. Moreover, the experts confirmed that the measures that Iceland has committed to take to bring its regulatory framework in line with international standards have been successfully implemented.


Link to source: http://www.fatf-gafi.org/

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