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

 
NEWS 21/07/2015
[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:
 Report
 Presentation

 
[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
 Report
 Annexes

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.

 




EVENTS 

Calendar 2015