Iceland
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High trust, high scrutiny – operating in the Nordic-Baltic region
The Nordic-Baltic region’s highly integrated, digitally savvy environment grounds itself in dialogue and collaboration – and presents demanding roles for compliance professionals.
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New Nordics AI brings innovation to the Nordic-Baltic AI cooperation
Launched in October 2025, and financed by the Nordic Council of Ministers, New Nordics AI is an initiative that supports the region in creating competitive and responsible AI solutions.
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Morten Drægni on how the Nordic Financial CERT is building its region’s cyber resilience
In a challenging cybersecurity landscape, the organization’s role today has never been more relevant.
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Iceland’s Central Bank publishes priorities for financial market supervision
Cybersecurity, responsible business practices, and combating money laundering are among the 2026-2028 focus areas.
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Estonia considers a financial ombudsman as finserv complaints rise
Similarly to the Nordic countries, the rise in complaints is a result of a wave of fraudulent activities.
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Nordic DPAs sign new joint collaborative agreement on data protection issues
This year’s discussion focused on AI in law enforcement, effective case management and handling of personal data incidents.
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Icelandic DPA fines health care system IKr 5m for unlawful data processing
Institution failed to ensure that the mergers of healthcare records were authorized.
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The CSDDD on its way to binding law: Next steps to watch for
Key developments include: Member State transposition, reporting criteria, European Single Access Point submissions, and guidelines on standard contractual clauses.