The FATF has released its Follow-Up Report & Technical Compliance Re-Rating for Norway, outlining the country’s progress in addressing technical compliance deficiencies first identified in the 2014 Mutual Evaluation.
The Report highlights that Norway has:
- Been upgraded from “Partially Compliant” to “Largely Compliant” for Recommendations 6 and from “Partially Compliant” to “Compliant” for Recommendation. 16
- Implemented new requirements aligning with updates made by FATF to Recommendation 15 since the Mutual Evaluation Report was conducted in 2014.
Firms with operations in or exposure to Norway should read the FATF report to gain further insights into the state-level progress made..