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

1ISLEA2007001 Image
Price:  $18.00

Release Date: © July, 2007
ISBN : 978-1-45181-934-2
Stock #: 1ISLEA2007001
English
Stock Status: On back-order

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Description

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.

Taxonomy

Anti-money laundering , International financial system




More publications in this series: IMF Staff Country Reports