Financial Crime World

Icelandic Central Bank Convenes Conference on Anti-Terrorism Financing Regulations

Reykjavik - The Central Bank of Iceland recently hosted a high-level conference to discuss measures against money laundering and terrorist financing, emphasizing the importance of robust regulations in preventing financial crimes.

Key Speakers and Topics

The conference featured a range of topics, including:

  • Supervisory Aspects: Unnur Gunnarsdóttir, Deputy Governor for Financial Supervision at the Central Bank of Iceland, discussed measures against money laundering and terrorist financing from a supervisory perspective.
  • European Union Legislative Changes: Olena Loboiko, a policy officer at the European Commission, highlighted the upcoming changes in the European AML/CFT legal framework.
  • Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT): Endija Springe, a Policy Expert at the European Banking Authority, shared insights on the European Banking Authority’s role in promoting supervisory convergence and awareness of money laundering and terrorist financing risks.
  • Data-Driven AML/CFT Supervision: Petra Vriend, Head of Department, Supervision Financial Crime at De Nederlandsche Bank, presented her expertise on using intelligence and new technology to improve process efficiency.
  • Serious and Organized Crime: Grímur Grímsson, Chief Superintendent at The Reykjavík Metropolitan Police, spoke about serious and organized crime, emphasizing the need for effective regulation to prevent criminal activities.

Conference Highlights

The conference brought together domestic and foreign experts from the financial sector, law enforcement, and regulatory bodies. The event also included a cocktail reception for all guests, providing an opportunity for networking and knowledge-sharing among participants.

Conclusion

The conference demonstrates Iceland’s commitment to combating financial crimes and its efforts to stay ahead of emerging threats in the global financial landscape. The event highlighted the importance of robust regulations and effective cooperation between authorities to prevent money laundering and terrorist financing.