Iceland uses the ISK. PSD2 is transposed via the EEA Agreement. Banks and PSPs are expected to restrict offshore gambling transactions, but the 2025 reform proposal notes payment providers facilitating foreign-operator transactions face no penalties, so practical blocking is weak. AML obligations are aligned with FATF standards. There is no payment pathway available to unlicensed private operators serving Icelandic players.
Jurisdictions › Iceland › Payments and banking
Iceland · Question 06 of 11
Payments and banking: Can we move player money?
Unfavourable · Probable · AI-generated · Back to full Iceland report →
Key section parameters
| Jurisdiction | Iceland (IS) |
|---|---|
| Regulator | Recorded in register |
| Favourability | Unfavourable |
| Confidence | Probable |
| Review status | AI-generated |
| Last collected | 18 Oct 2026 |
Summary answer
Iceland uses the ISK. PSD2 is transposed via the EEA Agreement. Banks and PSPs are expected to restrict offshore gambling transactions, but the 2025 reform proposal notes payment providers facilitating foreign-operator transactions face no penalties, so practical blocking is weak. AML obligations ar…