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


 NEWS 09/06/2016
[09 June 2016] MONEYVAL publishes its latest report on Serbia

In its new report published today, MONEYVAL analyses the implementation by Serbia of international standards on money laundering and terrorist financing since the last evaluation in 2009, and recommends an action plan to address the shortcomings.    

MONEYVAL praised the authorities of Serbia for improving legal and institutional framework, but found that Serbia does not fight money laundering and financing of terrorism on a systematic and consistent basis.

MONEYVAL experts commended the authorities for the efforts in investigating one significant money laundering case connected with organised criminality, but have urged them to take immediate action to ensure that law enforcement efforts are fully commensurate with the money laundering risks faced by the country. A clear criminal policy on money laundering investigations and prosecutions should be established, including a centralised database for all the cases and a co-ordinated strategy.

Press release

[24 May 2016] MONEYVAL publishes its latest report on the UK’s Crown Dependency of Jersey 

Jersey has a mature and sophisticated regime for tackling money laundering and the financing of terrorism, as well as an internationally-recognised mechanism to ensure transparency of beneficial ownership information.   However, the number of money laundering convictions and confiscations is relatively low given the size and characteristics of the island’s financial sector.
These are among the main findings in the latest report on the UK’s Crown Dependency of Jersey from the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (or MONEYVAL), adopted in December 2015.This is the last in a cycle of MONEYVAL evaluation reports based on methodology set out by the Financial Action Task Force (FATF) in 2004.

MONEYVAL is currently evaluating its members according to the FATF’s updated 2013 methodology.

Press release

[15 April 2016] 50th Plenary meeting of the Committee on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL)

Speaking at the opening session of its 50th Plenary meeting, Deputy Secretary General Gabriella Battaini-Dragoni highlighted that “in the past two decades, MONEYVAL has become a globally renowned player in the anti-money laundering and counter-terrorist financing community.” She added that MONEYVAL is “the most experienced FATF-style regional body when it comes to conducting mutual evaluations” that provides “consistent and accurate interpretations of the FATF standards in the European region”.  

“In the past year the Council of Europe has taken a number of important steps to help our member states combat violent extremism”, the Deputy Secretary stated, and MONEYVAL’s actions to step up counter-terrorist financing measures “are a hugely valuable addition to this body of on-going work”.  

Speech by Deputy Secretary General Gabriella Battaini-Dragoni

In his address, the FATF Executive Secretary, David Lewis, stressed the essential role that MONEYVAL plays in the global AML/CFT network, being “one of the oldest and strongest FSRBs in the global network” and setting “an example for all to follow.” Mr Lewis added that: “Moneyval was the only FSRB to conduct two rounds of evaluations under the 2004 FATF methodology and was the first FSRB to start assessing effectiveness.”  

Speech by the FATF Executive Secretary David Lewis

In a special session on terrorist financing to mark MONEYVAL’s 50th plenary meeting, Michael Lauber, Attorney General of Switzerland, analysed the challenges for identifying and prosecuting the financing of terrorism. In his speech, he stressed the need to strengthen international co-operation via a number of measures such as the creation of joint investigation teams, improving the exchange of information between the police and prosecutors, and increasing the co-operation between law enforcement and Internet service providers and information technology companies.

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