On 17 November, FATF published its follow-up report on Iceland, following its mutual evaluation in 2018. Iceland has been re-rated for no less than 10 Recommendations. The report also looks at whether Iceland’s measures meet the requirements of FATF Recommendation 15 (New technologies), which changed since their 2019 progress report. The FATF agreed to downgrade the rating to “Partially Compliant” – as Iceland has addressed some of the deficiencies identified and met some of the new criteria but moderate deficiencies remain. Iceland is Compliant on 21 of the 40 FATF Recommendations and Largely Compliant on 16 of them. It remains Partially Compliant on 3 Recommendations. Iceland will continue to report back to FATF on its progress.
I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y