By Dan Byrne for AMLi
Iceland’s latest evaluation by the Financial Action Task Force has earned it a reputational boost, as an area of AML that previously received substantial criticism has been given the highest possible rating.
Now on its 3rd follow-up report following a FATF mutual evaluation in 2018, the country’s handling of designated non-financial businesses and professions (DNFBPs) has been deemed “fully compliant,” with international standards.
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