Norway’s measures to combat money laundering and terrorist financing

Mutual Evaluation Report Norway - 2014

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FATF has completed its assessment of Norway’s anti-money laundering and counter-terrorist financing (AML/CFT) system. The assessment of Norway is a comprehensive review of the effectiveness of its measures to combat money laundering and terrorist financing. 

Norway has taken some good initiatives to combat money laundering and terrorist financing, but needs to establish overarching policies and strategies, and address significant weaknesses in a number of key areas.    

The mutual evaluation report of Norway sets out how well Norway has implemented the  technical requirements of the FATF Recommendations and how effective its AML/CFT system is.  The report presents the key findings of the assessment team and the priority actions for Norway to improve its AML/CFT system. 

Download the report: 

Full report including executive summary and ratings tables  
Executive summary

Effectiveness and technical compliance: 
2. National AML/CFT Policies and Co-ordination
3. Legal Systems and Operational Issues
4. Terrorist Financing and Financing of Proliferation
5. Preventive Measures
6. Supervision  
7. Legal Persons and Arrangements  ‌
8. International Co-operation

Key findings, ratings and priority actions:

More information: 

Press release: 'Norway has some good measures to combat money laundering and terrorist financing, but significant weaknesses undermine overall effectiveness, says FATF'

 

FATF Recommendations

FATF Methodology for assessing technical compliance with the FATF Recommendations and the Effectiveness of AML/CFT systems


Earlier reports on Norway's measures to combat money laundering and terrorist financing