Norwegian Finanstilsynet published an update on new Ministry of Finance regulations that broaden the circumstances in which financial undertakings may share confidential information to prevent and detect fraud, identity misuse and other economic crime. The rules supplement amendments to the Financial Institutions Act and, together with those legislative changes, entered into force on July 1, 2026. Within defined limits, the framework allows information sharing among financial undertakings, with the police and with other relevant actors when necessary to prevent or uncover economic crime. The regulation also permits sharing with the Norwegian Tax Administration, the Norwegian Labour and Welfare Administration, the Brønnøysund Register Centre, providers of electronic communications networks and services, and foreign firms providing payment services under authorisations in another European Union or European Economic Area state that are equivalent to those under Chapter 2 of the Financial Institutions Act. The stated aim is to improve cooperation and information exchange between financial undertakings and other relevant parties where needed to combat economic crime.
Norwegian Finanstilsynet2026-07-14
Norwegian Finanstilsynet highlights Ministry of Finance rules expanding financial firms’ information sharing to combat fraud and identity misuse
Norwegian Finanstilsynet highlighted new Ministry of Finance regulations that expand financial undertakings’ ability to share confidential information to prevent and detect fraud, identity misuse and other economic crime. Effective July 1, 2026, the rules allow sharing within set limits among financial firms, the police and specified public and private actors, including telecom providers and certain European Union and European Economic Area payment firms.