Iceland
Last updated: 19/02/2007CENTRAL AUTHORITY FOR REPORTING
Economic Crime Division of the National Commissioner of Police
ARE LAWYERS COVERED BY MONEY LAUNDERING LEGISLATION?
Yes
NAME LAWS REGARDING ANTI-MONEY LAUNDERING PROCEDURES
- 1993 Act on Measures to Counteract Money Laundering (as amended)
- Icelandic Penal Code
IN ADDITION TO THESE LAWS, IS THERE ANY MONEY LAUNDERING GUIDANCE FOR LAWYERS CURRENTLY IN PLACE?
No information available.
UNDER WHAT CIRCUMSTANCES IS A LAWYER UNDER THE OBLIGATION TO REPORT?
No information available.
LAWYER RESPONSIBILITY/LIABILITY
Failure to comply with the Act on Measures to Counteract Money Laundering can result in a fine or up to two years imprisonment.
CLIENTS IDENTIFICATION AND VERIFICATION
No information available.
LAWYERS PROSECUTED FOR MONEY LAUNDERING OFFENCES
No information available.
