|Compliance Enhancing Procedures|
MONEYVAL’s Compliance Enhancing Procedures ensure that countries take
steps to meet the international standards and follow MONEYVAL
recommendations within an appropriate time frame.
|The graduated process is currently as follows:|
Step 1: MONEYVAL inviting the Secretary General of the Council
of Europe to send a letter to the relevant Minister(s) of the
State or territory concerned, drawing his/her/their attention to
non-compliance with the reference documents and the necessary
corrective measures to be taken;
Step 2: Arranging a high-level mission to the non-complying State or territory to meet relevant Ministers and senior officials to reinforce this message;
Step 3: In the context of the application of the 2012 FATF Recommendation 19 by MONEYVAL States and territories, issuing a formal public statement to the effect that a State or territory insufficiently complied with the reference documents and inviting the members of the global AML/CFT network to take into account the risks posed by the non-complying State or territory.
Step 4: Referring the matter for possible consideration under the FATF’s International Co-operation Review Group (ICRG) process, if this meets the nomination criteria set out under the ICRG procedures
|The steps of the CEPs, as described above, are a result of amendments adopted at the 43rd Plenary meeting (December 2013), previously the process was as follows:|
i) A letter from the MONEYVAL Chair to the head of
delegation drawing attention to the non-compliance with the reference
documents. The letter is copied to the plenary meeting.
ii) A letter from the MONEYVAL Chair to the Secretary General drawing his attention to the non-compliance by a MONEYVAL participating State. The letter is copied to the head of delegation concerned.
iii) A letter from the Secretary General of the Council of Europe to the relevant government minister drawing attention to non-compliance with the reference documents.
iv) A high level mission to the country concerned, to reinforce this message from step iii).
v) A formal public statement drawing attention to the State’s failure to comply with MONEYVAL’s reference documents.