As of 13 August 2026, Skagerrak Bank announced its formal accession to the national «Tettpå» cooperation, a coordinated effort led by the Norwegian Tax Administration (Skatteetaten) that seeks to curb economic crime, bolster integrity in the construction industry, and streamline the selection of qualified contractors for building, renovation, and rehabilitation works. The «Tettpå» programme, established under the authority of the Tax Administration, brings together financial institutions, public agencies, and private sector stakeholders to share intelligence, standardise reporting practices, and enforce stricter compliance with tax and procurement regulations. By joining this framework, Skagerrak Bank commits to implementing enhanced due‑diligence protocols for all contractors it recommends or refers to its customers, to retain detailed transaction records for a minimum of five years, and to report any suspected irregularities to the relevant supervisory bodies. The initiative also aligns with broader government objectives to modernise public procurement, reduce informal payments, and protect taxpayers from fraudulent schemes that undermine the tax base. Effective from the date of announcement, the partnership obliges the bank to integrate its internal risk‑assessment tools with Skatteetaten’s data platform, thereby facilitating real‑time monitoring of contractor‑related transactions. This collaboration is expected to yield measurable reductions in fraudulent activity, improve the overall trustworthiness of the construction market, and provide customers with greater confidence when choosing service providers for major projects.
Key Takeaways
- Comprehensive Public‑Private Intelligence Sharing: The bank will actively exchange risk indicators and transaction data with Skatteetaten, enabling rapid identification of potential economic offences and facilitating coordinated interventions.
- Targeted Focus on Construction Industry Controls: The partnership places particular emphasis on vetting contractors, ensuring proper documentation of invoices, and enforcing compliance with tax reporting obligations, thereby reducing opportunities for fraudulent billing and under‑the‑table payments.
- Enhanced Regulatory Obligations: Participants are required to adopt stricter internal audit procedures, retain transaction records for a minimum of five years, and report any irregularities promptly, contributing to a more robust preventive framework.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
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