Finanstilsynet
The Financial Supervisory Authority of Norway is the primary AML/CTF regulator, alongside the Supervising Council for Legal Practice and the Norwegian Gaming Authority for their sectors.
Northern Europe · Country coverage
AML/CTF Compliance in Norway
Norway regulates AML/CTF through Finanstilsynet and the national Financial Intelligence Unit under the AML Act. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Norway
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinanstilsynet (Financial Supervisory Authority); national FIU
FATF statusFATF member
Primary legislationAML Act (Anti-Money Laundering Act)
Overview
AML/CTF compliance in Norway.
Norway regulates AML/CTF through Finanstilsynet, the Financial Supervisory Authority, alongside sector supervisors for legal practice and gaming, with a national Financial Intelligence Unit that receives reports on suspected money laundering and terrorist financing. The AML Act is the country's principal statute.
Obliged entities must identify and assess their risk, apply customer due diligence and risk-based ongoing monitoring, and retain records for five years after a relationship ends. Supervisors expect a compliance officer, independent controls, employee screening, and training on AML Act obligations.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Financial Intelligence Unit
Norway's FIU receives reports on suspected money laundering and terrorist financing after obliged entities have examined the underlying circumstances.
AML Act
Norway's principal AML statute. It sets risk assessment, customer due diligence, record-keeping, internal control, and reporting duties for obliged entities.
FATF 40 Recommendations
As a FATF member, Norway aligns its regime with the international standards that shape expectations for financial institutions.
Obligations
What regulated businesses must do.
- Identify and assess money laundering and terrorist financing risk
- Apply customer due diligence and conduct risk-based ongoing monitoring
- Record and retain information and documents for five years after the relationship ends
- Appoint a compliance officer and establish independent compliance controls
- Submit reports to the Financial Intelligence Unit on suspected activity
- Screen employees and provide training on AML Act obligations
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Norway?
Finanstilsynet, the Financial Supervisory Authority of Norway, is the primary regulator, with the Supervising Council for Legal Practice and the Norwegian Gaming Authority covering their sectors. The national FIU receives suspicious activity reports.
What is the main AML law in Norway?
The AML Act is Norway's principal statute, setting risk assessment, customer due diligence, record-keeping, internal control, and reporting obligations for obliged entities.
Is Norway a member of FATF?
Yes. Norway is a member of the Financial Action Task Force and aligns its AML/CTF regime with the FATF 40 Recommendations.
How does MemberCheck support AML compliance in Norway?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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