Individuals who are or have held prominent positions in public service, together with their immediate family and close colleagues, are considered to be politically exposed persons, cf. Article 3(6) of Act No.140/2018 (in Icelandic) on Measures against Money Laundering and Terrorist Financing.
Obliged entities must have appropriate systems, procedures and methods for assessing whether a domestic or foreign customer or beneficial owner is a politically exposed person, cf. Article 17(1) of Act No.140/2018, but in those circumstances increased due diligence shall be performed, pursuant to Article 13 and meet the requirements of Article 17 of Act No.140/2018.
The Central Bank of Iceland shall maintain a list of positions in Iceland that are consider prominent public functions, cf. Art.10 of Regulation No. 1420/2020 (in Icelandic) on politically exposed persons with regard to measures against money laundering and terrorist financing. According to the same article, the list shall be published on the Central Bank of Iceland's website. The list includes the position and name of the institution, association, company or political party, as applicable. The list is based on the provisions of the regulation and on information from the Ministry of Finance and Economic Affairs, the Ministry for Foreign Affairs and political parties that have elected representatives in parliament as of 1 February 2021, cf. Article 11 of the Regulation.
The specification of positions and the publication of the list below does not affect the obligation of obliged entities, pursuant to Article 17 of Act No.140/2018, to assess at any given time whether a domestic or foreign customer or beneficial owner is a politically exposed person, but the list can be taken into account in the assessment.
List of positions that are considered to be prominent public functions
Published on 1 February 2021 I Updated on 27 March 2025
| Name | Position |
|---|---|
The office of the President of Iceland | President of Iceland |
Prime Minister´s Office | The Prime Minister |
Ministry of Culture, Innovation and Higher Education | Minister of Culture, Innovation and Higher Education |
Ministry of Justice | Minister of Justice |
Ministry of Education and Children | Minister of Education and Children |
Ministry of Finance and Economic Affairs | Minister of finance and Economic Affairs |
Ministry of Health | Minister of Health |
Ministry of Infrastructure | Minister of Infrastructure |
Ministry for the Environment, Energy and Climate | Minister for the Environment, Energy and Climate |
Ministry of Foreign Affairs | Minister of Foreign Affairs |
Ministry of Social Affairs and Housing | Minister of Social Affairs and Housing |
Ministry of Industries | Minister of Industries |
| Name | Position | Position |
|---|---|---|
People´s Party (Flokkur fólksins) | Members of the Althing | Alternate members of parliament who have taken permanent seats in the Althing |
Progressive Party (Framsóknarflokkurinn) | Members of the Althing | Alternate members of parliament who have taken permanent seats in the Althing |
Center Party (Miðflokkurinn) | Members of the Althing | Alternate members of parliament who have taken permanent seats in the Althing |
Social Democratic Alliance (Samfylkingin) | Members of the Althing | Alternate members of parliament who have taken permanent seats in the Althing |
Independence Party (Sjálfstæðisflokkurinn) | Members of the Althing | Alternate members of parliament who have taken permanent seats in the Althing |
Reform Party (Viðreisn) | Members of the Althing | Alternate members of parliament who have taken permanent seats in the Althing |
| Name | Position |
|---|---|
People´s Party (Flokkur fólksins) | Board members |
Progressive Party (Framsóknarflokkurinn) | Members of executive boards |
Center Party (Miðflokkurinn) | Board members |
Social Democratic Alliance (Samfylkingin) | Board members |
Independence Party (Sjálfstæðisflokkurinn) | Members of executive boards |
Reform Party (Viðreisn) | Board members |
| Name | Position |
|---|---|
The Supreme Court of Iceland | Judges |
Appeal Court | Judges |
Labour court | Judges |
Case Review Court | Judges |
National court | Judges |
European Court of Human Rights (ECHR) | Judges |
EFTA Court | Judges |
International Tribunal for the Law of the Sea (ITLOS) | Judges |
| Name | Position | Position |
|---|---|---|
The Central Bank of Iceland | Governor | Deputy Governors |
The Icelandic National Audit Office (INAO) | Auditor General |
| Name | Position | Position |
|---|---|---|
Embassy of Iceland in Beijing | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Berlin | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Brussels | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Freetown | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Helsinki | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Kampala | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Copenhagen | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Lilongwe | Ambassador | Deputy Ambassadors |
Embassy of Iceland in London | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Moscow | Ambassador | Deputy Ambassadors |
Embassy of Iceland in New Delhi | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Oslo | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Ottawa | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Paris | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Stockholm | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Tokyo | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Vienna | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Warsaw | Ambassador | Deputy Ambassadors |
Embassy of Iceland in Washington D.C. | Ambassador | Deputy Ambassadors |
| Identification number | Name | Position | Position |
|---|---|---|---|
5210002790 | Auðkenni ehf. | Board members | Managing director |
5112032950 | Farice ehf. | Board members | Managing director |
7110110990 | Icelandic Trademark Holding | Board members | Managing director |
5502100370 | Isavia ohf. | Board members | Chief Executive Officer (CEO) |
7012966139 | Íslandspóstur ohf. | Board members | Chief Executive Officer (CEO) |
5005070550 | Keilir Miðstöð vísinda, fræða og atvinnulífs | Board members | Managing director |
4710080280 | Landsbankinn hf. | Board members | Chief Executive Officer (CEO) |
4402022920 | Landskerfi bókasafna hf. | Board members | Managing director |
5808042410 | Landsnet hf. | Board members | Chief Executive Officer (CEO) |
4202691299 | Landsvirkjun | Board members | Chief Executive Officer (CEO |
6709060190 | Matís ohf. | Board members | Chief Executive Officer (CEO |
6608770299 | Orkubú Vestfjarða ohf. | Board members | Power Company Manager |
5202692669 | Rarik ohf. | Board members | Chief Executive Officer (CEO |
5802141180 | Vigdísarholt ehf. | Board members | Managing director |
| Name | Position | Position | Position |
|---|---|---|---|
European Free Trade Association (EFTA) | Managing director | Deputy Managing Director | Board members |
EFTA Surveillance Authority (ESA)
| Managing director | Deputy Managing Director | Board members |
EEA Grants | Managing director | Deputy Managing Director | Board members |