Today, 5 December 2023, the Financial Supervisory Authority of the Central Bank of Iceland (FSA) published a transparency notification that is the result of a review carried out in April 2022 on Landsbankinn’s anti-money laundering and terrorist financing measures. Certain remarks were made as regards the Bank’s defences but the FSA did not see reason to fine or otherwise penalise the Bank.
The Bank agrees with the remarks and has already taken corrective action in most instances, in response to the FSA’s demands. Stringent and high demands are made of the Bank as relates to money laundering and terrorist financing and we emphasise full compliance.