TITLE: Iceland's Central Bank Updates List of High-Risk and Non-Cooperative Jurisdictions BODY: On February 18, 2026, the Financial Supervision Authority of the Central Bank of Iceland (Seðlabanki Íslands) updated its list of high-risk and non-cooperative jurisdictions in accordance with Article 6 of Act No. 140/2018 on measures against money laundering and terrorism financing. The updated list identifies jurisdictions designated as high-risk and non-cooperative by two sources: the Financial Action Task Force (FATF), an international organisation that sets recommendations on anti-money laundering, counter-terrorism financing, and proliferation financing; and the European Union, which designates high-risk third countries under Regulation 1221/2025 (amending Regulation 105/2020 on high-risk third countries for anti-money laundering and counter-terrorism financing purposes). The FATF's primary objective is to develop and promote policies to combat money laundering, terrorism financing, and weapons proliferation financing. As part of its mandate, the FATF identifies jurisdictions that present elevated risks or demonstrate insufficient cooperation with international standards. In the current update, Kuwait and Papua New Guinea have been added to the FATF's list of high-risk jurisdictions for money laundering and terrorism financing concerns. Financial institutions and other obligated entities in Iceland must apply enhanced due diligence measures and heightened scrutiny when conducting transactions with entities from jurisdictions appearing on this consolidated list. The updated list is available on the Central Bank of Iceland's website and serves as a reference for compliance with Iceland's anti-money laundering and counter-terrorism financing obligations.

Seðlabanki Íslands | Uppfærður listi yfir ríki sem teljast áhættusöm og ósamvinnuþýð

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