Financial Intelligence Unit

The DP's Financial Intelligence Unit receives notifications and tip-offs under the Measures against Money Laundering and Terrorist Financing Act. The unit investigates such allegations and then passes them on to the appropriate authorities for further investigation or prosecution. See more information on money laundering.

Each year, the FIU publishes statistics on the number of tip-offs it has received on suspicious transactions, the number of cases that have been investigated and the number of persons indicted and sentenced for money laundering or the financing of terrorist activities, and also on the types of assets embargoed, seized or confiscated under the Code of Criminal Procedure or the General Penal Code.

Iceland is a member of the Financial Action Task Force (FATF), an international body that has issued guidelines on measures against money laundering and terrorist financing which are used in more than 180 countries.  Website of the FATF