The Norway sovereign wealth fund, the world’s largest, will probe its gambling and cryptocurrency shareholdings over ethics concerns in 2025.
The ethics watchdog of the $1.8tn Government Pension Fund of Norway will investigate gambling and cryptocurrency businesses for potential breaches, according to a document seen by Reuters.
The document reportedly said: “The Council on Ethics in 2025 will take a closer look at companies involved in cryptocurrencies and gambling/casino, where there is a significant risk of money laundering.”
The Council of Ethics will investigate the businesses are in compliance with ethics guidelines set by Norway’s parliament. If the council rules this not to be the case, the body can recommend to the Central Bank, which operates the fund, that it divests its shareholdings or else place them on a public watch list.
