IS — Country Profile

Iceland

5TOTAL
2OFFICIAL SOURCES
1TOPIC AREAS
Law / Act1
Executive Order1
National Strategy2
Other1
05 JUL 2025 · Other

Lawsuit on scope of access to beneficial ownership information under anti-money laundering rules under European Economic Are agreement (Combined Cases E-1/24 and E-7/24)

On 7 May 2025, the European Free Trade Association (EFTA) Court delivered an advisory opinion in joined Cases E-1/24 and E-7/24 concerning access to beneficial ownership information under anti-money laundering law in the context of the European Economic Area (EEA) Agreement. The cases arose from proceedings before the Administrative Court of Liechtenstein, following refusals to disclose information from the national register of beneficial owners. In Case E-7/24, the Court held that persons wh...

National Strategyeftacourt.int ↗
03 DEC 2024 · Law / Act

Media Law Amendment Act (38/2011)

On 12 March 2024, the Icelandic Parliament adopted the Media Law Amendment Act (38/2011). The Act specifies that personal data of children, whether collected or generated by media providers, may not be used for commercial activities such as direct marketing or the creation of personalised advertising. Additionally, the Act establishes that infringements related to the processing of personal data are subject to the General Data Protection Regulation (GDPR). Oversight and issuance of sanctions ...

✓ OfficialNational Strategyalthingi.is ↗
10 APR 2022 · Executive Order

List of countries with adequate data protection

On 4 October 2022, the Ministry of Justice of Iceland adopted an "advertisement" (No.1155/2022) listing countries that provide adequate protection of personal information, enabling cross-border data transfers to these countries in compliance with the EU General Data Protection Regulation (GDPR). The list is effective immediately. It lists countries with adequate data protection according to standards set by Article 45 of the General Data Protection Regulation as well as countries with protect...

✓ OfficialNational Strategystjornartidindi.is ↗
National Strategy

Iceland AI Action Plan 2024-2026

AI law in Iceland: Iceland's comprehensive AI Action Plan for 2024-2026 establishes 25 targeted measures across five pillars to position Iceland as a leader in responsible AI use. The plan emphasizes AI adoption in public services, healthcare, education, and economic competitiveness while preserving Icelandic language and culture....

National Strategygovernment.is ↗
National Strategy

Iceland Policy on Artificial Intelligence

AI law in Iceland: Iceland's foundational AI Policy from 2021 establishes three pillars for responsible AI development: AI for the benefit of all, a competitive working life, and education in line with the times. This policy laid the groundwork for Iceland's subsequent AI Action Plan....

National Strategygovernment.is ↗