Money Laundering at Icelandic Banks Investigated Skip to content

Money Laundering at Icelandic Banks Investigated

The Office of the Special Prosecutor, responsible for investigating the banking collapse, has for almost three years probed various possible cases of economic crimes, many of which are related to the banks, directly or indirectly. These include suspicions of money laundering.

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“There are indications of laundering aspects in certain cases. We look into it specifically when money is transferred between accounts held by unconnected parties,” Special Prosecutor Ólafur Þór Hauksson told RÚV on Monday.

When asked whether Icelandic banks may have practiced money laundering, Ólafur responded, “The position could come up in the case of transfer of illegal revenue that it is a laundering violation […] according to Icelandic law and that is something we would investigate.”

Click here to read more about special prosecutor’s investigation.

ESA

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