High-risk jurisdictions

The Central Bank of Iceland draws attention to jurisdictions that are considered high-risk, in accordance with Article 6 of Act No. 140/2018 (in Icelandic). If an obliged entity intends to do business with parties involving the following countries, they shall conduct enhanced due diligence in accordance with Articles 13 and 14 of Act No. 140/2018. The list of high-risk and uncooperative jurisdictions, on the one hand, is of jurisdictions which the Financial Action Task Force (FATF) has designated as high-risk jurisdictions and, on the other hand, countries which the European Union has designated as high-risk third countries.

The following countries are considered high-risk and un-cooperative in the above sense:

Updated on 25 February 2025.

• Regulation No. 448/2024 (in Icelandic) (Icelandic) amending the rules on high-risk jurisdictions for measures against money laundering and terrorist financing, No. 105/2020 (in Icelandic) (Icelandic)
• FATF statement of 25 February 2025
  High-Risk Jurisdictions subject to a Call for Action
• FATF report of 25 February 2025
  Jurisdictions under Increased Monitoring