Arion Bank has adopted AML rules in accordance with Act No. 64/2006, on Measures to Prevent Money Laundering and Terrorist Financing, which is based on Directive 2005/60/EC of the European Parliament and of the Council and FATF’s 40 Recommendations and 9 Special Recommendations.
The objective of the rules is to seek to prevent the use of the operations and activities of Arion Bank, or those of its subsidiaries, for the purpose of money laundering or terrorist financing.
In adopting the rules, the Bank seeks to fulfil in all respects the strictest requirements made domestically and internationally of the Bank with regard to money laundering and terrorist financing.
For further information please contact Hákon Már Pétursson, Compliance Officer.