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This is a pretty weird thing, and not inconsistent with simple payback for Iceland telling creditors (mostly in the UK) to get stuffed back in 2008. Apparently
by scottlocklin 7y ago
This is a pretty weird thing, and not inconsistent with simple payback for Iceland telling creditors (mostly in the UK) to get stuffed back in 2008. Apparently they've recently plugged back into the international system, who are hopping mad they can't shut down Icelandic NGOs if they're involved in .... non proliferation or terrorism activities. Maybe some North Korean business nobody is talking about?
https://grapevine.is/news/2019/10/10/fatf-iceland-needs-to-do-more-to-combat-money-laundering-terrorist-financing/ https://grapevine.is/news/2019/10/10/fatf-iceland-needs-to-d...
https://www.fatf-gafi.org/media/fatf/documents/reports/mer4/MER-Iceland-2018-Executive-Summary.pdf https://www.fatf-gafi.org/media/fatf/documents/reports/mer4/...
- smackay 7y agoExcuse the intemperate tone but you could also consider this is a move by the financial institutions in London to remove some competition.
- peteretep 7y agoI mean you could, but also Iceland’s financial institutions hard-fucked a lot of people, the government didn’t back them up ... it seems right that Iceland loses its risky financial license for a while