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ARTICLE · 10 JULY 2023

Who Needs An Anti-Money Laundering Officer?

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Both individuals and companies risk severe penalties if they contribute to money laundering, even if the contribution is the result of negligence. By appointing an anti-money laundering officer organisations...

NorwayGovernment, Public Sector
Ius Laboris
Ius Laboris

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Advokatfirmaet Hjort DA
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Both individuals and companies risk severe penalties if they contribute to money laundering, even if the contribution is the result of negligence. By appointing an anti-money laundering officer organisations will reduce their risk, protect their reputation and comply with the law.

Under Norwegian law, certain types of businesses are required to appoint an anti-money laundering officer. The anti-money laundering officer is responsible for measures to combat money laundering within the organisation.?It may also be advisable to appoint an anti-money laundering officer in companies that are not obliged to do so under the law.

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