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


 NEWS 13/12/2016
[13 December 2016] Outcome of MONEYVAL's 52nd Plenary meeting

MONEYVAL held its 52nd plenary meeting in Strasbourg from 6 to 8 December 2016.  

At this meeting, the Plenary, inter alia:  
- heard an address, at the opening of the Plenary, by Mr Juan Manuel Vega-Serrano, the President of the Financial Action Task Force (FATF);
- adopted the 5th round MER and executive summary on the United Kingdom Crown Dependency of the Isle of Man (MONEYVAL will finalise the mutual evaluation report for publication after the quality and consistency review, in accordance with its procedures);
- took note of the follow-up reports by Lithuania, the Republic of Moldova and the Slovak Republic under the 4th round of mutual evaluations and invited the countries to provide further follow-up reports at the 53rd Plenary (30 May – 1 June 2017), while encouraging them to then seek removal from the follow-up process;
- took note of the compliance reports of the Czech Republic and Montenegro under the Compliance Enhancing Procedures;
- took note of further interim reports for the 5th round of mutual evaluations (Armenia) and the 4th round of mutual evaluations (Azerbaijan, Croatia, “The former Yugoslav Republic of Macedonia”, Israel and Poland);
- heard an update analysis from the Secretariat on the follow-up procedure of the Terrorist Financing Fact-Finding Initiative, and decided to remove from the procedure the following three countries: Bosnia and Herzegovina, Montenegro and the Republic of Moldova;  
- heard a presentation and had an exchange of views with an ad hoc working group on the impact on MONEYVAL’s work by the European Court of Human Rights’ Grand Chamber judgment of Al-Dulimi and Montana Management v. Switzerland of 21 June 2016;
- heard an update by and had an exchange of views with the FATF on the new International Cooperation Review Group (ICRG) procedure for the current round of evaluations;
- heard a presentation on the joint World Bank/Egmont Group project on “Financial Intelligence Units cooperation with law enforcement authorities and prosecutors”; and
- had a discussion on recent developments concerning the issue of “correspondent banking/de-risking”.

Reports adopted will be made available shortly under each jurisdiction’s profile, in accordance with MONEYVAL’s publication policy. 

[02 December 2016] Secondment of an official to MONEYVAL : call for candidates - deadline for applications : 20 December 2016

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

The Seconded official will provide expert assistance to the Directorate of Information Society and Action against Crime in the implementation of 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 post and the application procedure, please click here.

[30 November 2016] MONEYVAL publishes its latest report on Hungary

In its new report published today, MONEYVAL welcomes that the number of investigations and prosecutions for money laundering in Hungary are on the rise. However, it considers that the fight against money laundering is not a priority objective.

The report analyses the implementation by Hungary of international standards against money laundering and terrorist financing since the country’s last evaluation in 2010. Hungary is to report back to MONEYVAL in December 2017 about the implementation of its recommendations under enhanced follow-up procedures.

Press release

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Calendar 2016