Norway Country Summary

FATF Status

Norway is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The latest follow-up to the Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Norway was published in 2023. According to that Evaluation, Norway was deemed Compliant for 19 and Largely Compliant for 18 of the FATF 40 Recommendations. It remains Highly effective for 0 and Substantially Effective for 5 of the Effectiveness & Technical Compliance ratings.

Norway maintains a strong stance against corruption and organized crime, characterized by a zero-tolerance policy and a robust legal framework that criminalizes corrupt activities both domestically and internationally. The country benefits from a well-resourced judicial system and law enforcement agencies that are trusted by the public, complemented by active civil society engagement and government support for victim assistance programs, which collectively enhance its resilience to crime.

Norway boasts a highly developed and robust economy, primarily driven by its successful oil and gas sector, alongside significant contributions from shipping, shipbuilding, and aquaculture. The country enjoys a favorable investment climate characterized by political stability, strong legal protections for property rights, and a welcoming approach to foreign direct investment (FDI), with national treatment generally granted to foreign investors. However, challenges such as high inflation, currency depreciation, and ownership restrictions in certain sectors, combined with recent tax proposals and national security concerns regarding foreign investments, may create uncertainties for potential investors.