Norway's Ministry of Finance has launched a consultation on a paper drafted by the Financial Supervisory Authority of Norway (Finanstilsynet) proposing rule changes on financial institutions’ duty of confidentiality and the sharing of information, aimed at strengthening efforts against economic crime. The proposals would simplify and clarify the framework by expanding when financial institutions may share confidential information with other financial institutions, the police and providers of electronic communications services, where necessary to prevent or detect economic crime and other serious crime. The paper also envisages information sharing via dedicated digital platforms, drawing on experience from Finanstilsynet’s regulatory sandbox. The consultation deadline is 14 November 2025.
Department of Finance (Norway) 2025-09-17
Norway's Ministry of Finance launches consultation on expanding confidential information sharing to combat economic crime
Norway's Ministry of Finance is consulting on proposed rule changes by the Financial Supervisory Authority of Norway to amend financial institutions’ confidentiality duties and information sharing to combat economic crime. The proposals aim to simplify the framework, allowing information sharing with other institutions, police, and electronic communication providers, and include using digital platforms inspired by Finanstilsynet’s sandbox.