In Scandinavia – three ways north

Reporting trends are uneven and the conviction picture mixed in Norway and Finland while Iceland is still dealing with the fallout from its banking collapse in 2008. Gerard O’Dwyer, files this profile of the region from Helsinki.

Anti-money laundering (AML) policy in the Nordic region has not followed an straight path in recent years. Since 2005, the weight of new AML legislation in Denmark, Norway and Sweden has been directed more towards combating terrorist financing (CTF) than money laundering by organised criminals.