Committee of Experts on the Evaluation of
Anti-Money Laundering Measures
and the Financing of Terrorism - MONEYVAL
News (19/12/2011)
[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.
[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 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.