Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL)

NEWS 21/09/2015
[18 September 2015] MONEYVAL lifts public statement on Bosnia and Herzegovina

In its 48th plenary meeting (14 to 18 September) MONEYVAL decided to lift its Public Statement on Bosnia and Herzegovina since a number of key amendments to the Criminal Code were adopted in May 2015 to address outstanding shortcomings in relation to the money laundering offence and the confiscation regime. Bosnia and Herzegovina was also removed from MONEYVAL’s Compliance Enhancing Procedures.  

During the plenary meeting, MONEYVAL also adopted a 4th round evaluation report on Bosnia and Herzegovina, which has now been placed in an expedited regular follow-up procedure. Bosnia and Herzegovina will continue reporting on the Action Plan resulting from the 3rd round MONEYVAL report within the 4th round expedited regular follow-up procedure. 

MONEYVAL has requested the Bosnian authorities to present the first follow up report under the 4th round follow-up process on additional progress by September 2016. 

Press release

[14 September 2015]  Secondment of three officials to MONEYVAL: call for candidates  

The Directorate General I - Human Rights and Rule of Law is currently looking for three officials to be seconded for a minimum period of one year, commencing as soon as possible.  

The seconded officials will provide expert assistance to the Directorate of Information Society and Action against Crime in the implementation of the MONEYVAL mutual evaluation programme, which supports States in fulfilling their commitments in accordance with international legal, financial and law enforcement standards on money laundering and terrorist financing and in compliance with Council of Europe conventions, regulations, standards and values.    

For more information on the posts and the application procedure please click here. Deadline for applications:  03 November 2015.   

[21 July 2015]  MONEYVAL’s Activity Report for 2014

On 17 June 2015, the Chairman of MONEYVAL, Anton Bartolo, presented MONEYVAL’s Activity Report for 2014 to the Committee of Ministers of the Council of Europe at its 1231st meeting.The Committee of Ministers took note of the report and positively received the Chairman’s presentation.

The full report and the Chairman’s presentation may be accessed at the following links:

[1 July 2015] FATF Working Groups and Plenary Meetings (Brisbane, 21-26 June 2015) 

MONEYVAL participated in the Working Groups and the third FATF Plenary meeting held under the Australian Presidency.    

At this meeting, the FATF:    
 issued a statement and set out a future work plan on "de-risking" ;
 produced  two public documents within the International Cooperation Review Group (ICRG) :
 -  Jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies for which a call for action applies
 -  Jurisdictions with strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
Bosnia and Herzegovina is identified in the document “Improving Global AML/CFT Compliance: on-going process”. Bosnia and Herzegovina has made a high level political commitment to address the deficiencies identified in the FATF targeted action plan and will also continue to work with MONEYVAL on these issues. 

The FATF also adopted and published:
 -   Revised best practices on combating the abuse of non-profit organisations (Recommendation 8)
 -   Guidance for a risk-based approach to virtual currencies
 -   Typologies report on the money laundering / terrorist financing risks and vulnerabilities associated with gold

The FATF discussed the mutual evaluation report on compliance with the FATF Recommendations of Malaysia.
The FATF indicated that continuing its work on terrorist financing remains a priority.

[23 June 2015]
MONEYVAL report on the 4th round assessment visit in Montenegro

The mutual evaluation report on the 4th assessment visit in Montenegro is now available.

 Press release
 Executive Summary

The report was adopted at MONEYVAL’s 47th Plenary Meeting (Strasbourg, 14 – 17 April 2015). The MONEYVAL 4th cycle of assessments is a follow-up round, in which important FATF Recommendations have been re-assessed, as well as all those for which the state concerned received "Non-Compliant" (NC) or "Partially Compliant" (PC) ratings in its 3rd round report.

This report on Montenegro is not, therefore, a full assessment against the FATF 40 Recommendations and 9 Special Recommendations but is an update on major issues in the AML/CFT system in Montenegro.

According to MONEYVAL’s procedures and the decision of the 47th Plenary, Montenegro was placed into enhanced follow-up, and step 1 of the Compliance Enhancing Procedures was applied. Montenegro was requested to report back to the Plenary in April 2016.



Calendar 2015