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


NEWS 19/11/2015
[19 November 2015] MONEYVAL report on the 4th round assessment visit in Bosnia and Herzegovina

Bosnie-HerzégovineThe mutual evaluation report on the 4th assessment visit in Bosnia and Herzegovina is now available. The report was adopted at MONEYVAL’s 48th Plenary Meeting (Strasbourg, 14 – 18 September 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 Bosnia and Herzegovina 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 Bosnia and Herzegovina. According to MONEYVAL’s procedures and the decision of the 48th Plenary, Bosnia and Herzegovina was placed under the regular follow-up procedure and requested to report back to the Plenary in September 2016.


[30 October 2015] FATF Working Groups and Plenary Meetings (Paris, 21-23 October 2015) 

MONEYVAL participated in the Working Groups and the FATF Plenary meeting held under the Korean Presidency.     

At this meeting, the FATF:    
 worked on terrorist financing, which remains the FATF  top priority, including :
- Revising the Interpretive Note to Recommendation 5 to address the foreign terrorist fighters threat ;
- Adopting a report indentifying emerging terrorist financing risks ;
- Approving a report to G20 leaders on action taken by FATF ;
 produced  two public documents identifying jurisdictions that may pose a risk to the international financial system : 
- 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

The FATF also discussed the mutual evaluation report of Italy on compliance with the FATF Recommendations and made a statement on action regarding de-risking.
Finally, the FATF adopted the following documents:  
- Money Laundering through the Physical Transportation of Cash ;
- Guidance on Data and Statistics ;
- Guidance on the Risk-Based approach for Effective Supervision and Enforcement by AML/CFT Supervisors of the Financial Sector and Law Enforcement.

 [22 October 2015] Mutual Evaluation of Andorra : 3rd Follow-up Report now available 

During its 48th Plenary Meeting (Strasbourg, 14 – 18 September 2015), MONEYVAL recognised that Andorra had taken sufficient action in addressing the deficiencies identified in the 2012 Report on the 4th assessment visit and could  be removed from enhanced and regular follow-up procedures under the 4th round.

The 5th round on-site visit to Andorra is scheduled to take place in the 4th quarter of 2016. Andorra is thus no longer required to submit any further follow up reports  under the 4th round procedures. MONEYVAL decided to terminate monitoring under the 4th round follow-up processes.


[19 October 2015] MONEYVAL to evaluate measures against money laundering and terrorist financing in Gibraltar

The Committee of Ministers representing the 47 Council of Europe member states has adopted a Resolution agreeing to a request of the United Kingdom that the British Overseas Territory of Gibraltar be evaluated by the anti-money laundering and counter terrorist financing body MONEYVAL, and be subject to its follow up procedures.  

MONEYVAL’s statute allows Council of Europe member states which are members of the Financial Action Task Force (FATF), such as the United Kingdom, to request evaluations by MONEYVAL to cover territories for whose international relations they are responsible, provided that these territories are not already evaluated by the FATF.  

In 2012, the Committee of Ministers agreed for MONEYVAL to evaluate the United Kingdom Crown Dependencies of Guernsey, Jersey and the Isle of Man.

[18 September 2015] MONEYVAL lifts public statement on Bosnia and Herzegovina

Bosnia and HerzegovinaIn its 48th plenary meeting (14 to 18 September) MONEYVAL decided to lift its Public Statement on Bosnia and Herzegovina since a number of key amendments to the Criminal Code were adopted in May 2015 to address outstanding shortcomings in relation to the money laundering offence and the confiscation regime. Bosnia and Herzegovina was also removed from MONEYVAL’s Compliance Enhancing Procedures.  

During the plenary meeting, MONEYVAL also adopted a 4th round evaluation report on Bosnia and Herzegovina, which has now been placed in an expedited regular follow-up procedure. Bosnia and Herzegovina will continue reporting on the Action Plan resulting from the 3rd round MONEYVAL report within the 4th round expedited regular follow-up procedure. 

MONEYVAL has requested the Bosnian authorities to present the first follow up report under the 4th round follow-up process on additional progress by September 2016. 

Press release

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