Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
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....
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ftrepec:oai:RePEc:imf:imfscr:2007/254 2024-04-14T08:13:42+00:00 Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=21217 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=21217 preprint ftrepec 2024-03-19T10:41:23Z 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. ISCR;CR;CFT requirement;CFT legislation;CFT system;CFT control;CFT standard; CFT authorities; CDD measure; CFT training; CFT issue; CFT policy coordination; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; Europe Report Iceland RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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ftrepec |
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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. ISCR;CR;CFT requirement;CFT legislation;CFT system;CFT control;CFT standard; CFT authorities; CDD measure; CFT training; CFT issue; CFT policy coordination; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; Europe |
format |
Report |
author |
International Monetary Fund |
spellingShingle |
International Monetary Fund Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism |
author_facet |
International Monetary Fund |
author_sort |
International Monetary Fund |
title |
Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism |
title_short |
Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism |
title_full |
Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism |
title_fullStr |
Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism |
title_full_unstemmed |
Iceland: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism |
title_sort |
iceland: report on the observance of standards and codes: fatf recommendations for anti-money laundering and combating the financing of terrorism |
url |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21217 |
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Iceland |
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Iceland |
op_relation |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21217 |
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1796311732551942144 |