Norway’s measures to combat money laundering and terrorist financing

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English

Country

Mutual Evaluation Report Norway - 2014

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Mutual-Evaluation-Report-Norway-2014.pdf
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1 MB
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Norway’s measures to combat money laundering and terrorist financing

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: 

Mutual Evaluation Report Norway - 2014including executive summary and ratings tables  
Executive Summary - Mutual Evaluation Report Norway - 2014

Effectiveness and technical compliance: 
National AML/CFT Policies - Mutual Evaluation Report Norway - 2014
Legal System and Operational Issues - Mutual Evaluation Report Norway - 2014
Terrorist financing and financing of proliferation - Mutual Evaluation Report Norway - 2014
Preventive measures - Mutual Evaluation Report Norway - 2014
Supervision - Mutual Evaluation Report Norway - 2014
Legal Persons and arrangements - Mutual Evaluation Report Norway - 2014
International cooperation - Mutual Evaluation Report Norway - 2014

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'

 

The FATF Recommendations

FATF issues new Mechanism to Strengthen Money Laundering and Terrorist Financing Compliance

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