[19 December 2011] FATF President speech at MONEYVAL's 37th Plenary meeting 

FATF President Giancarlo del Bufalo highlighted the important role that MONEYVAL plays in the global AML/CFT network as one of the senior, and consistently well-performing FATF associated member during his speech before the MONEYVAL delegations at the 37th Plenary meeting.

He congratulated MONEYVAL for its work and positively noted in particular the strong action taken when implementation shortcomings are identified in its members. 

Read the speech

[1 December 2011] Secondment of an official to MONEYVAL: call for candidates - deadline 27 January 2012

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 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. For more information on the post and the application procedure please click here.

[8 December 2011] MONEYVAL report on the 4th round assessment visit in Cyprus

The mutual evaluation report on the 4th assessment visit in Cyprus is now available for consultation.
Links to:
Press release
Executive Summary 
Report
Annexes

The report was adopted at MONEYVAL’s 36th Plenary meeting (Strasbourg, 26-30 September 2011). 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 Cyprus is not, therefore, a full assessment against the FATF 40  Recommendations  and 9 Special Recommendations but is an update on major issues in the Cypriot AML/CFT system.

MONEYVAL will continue to monitor implementation of the recommendations through its biennial follow-up procedure, which require the country to submit within two years a succinct update on the new measures that have been adopted and implemented to deal with the identified deficiencies in relation to any of the 40+9 Recommendations  that are rated NC or PC.